Friday, April 23, 2021

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Baseload Capital: Closes $25M Equity Funding Round

  • Baseload Capital, a Swedish company specialized in funding the deployment of heat power worldwide, closed a $25m funding round
  • Chevron Technology Ventures acted as a new strategic investor
  • The company also intends to use the funds to accelerate deployment in its key markets
  • Baseload Capital also acts as a catalyst for green baseload electricity by funding renewable energy projects throughout the world
  • The company currently has subsidiaries in Iceland, Japan and Taiwan, which work with local communities and power companies to permit, build and commission heat power plants
  • Chevron Technical Center and the company have already signed a letter of intent to investigate a potential pilot project in California

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