We’re thrilled to see Baseload Capital successfully secure additional funding in their latest round. This is something that aligns with our commitment to driving the transition to renewable energy and making sustainable solutions accessible globally. At Ingka Investments, we’re proud to support and amplify efforts that contribute to a cleaner, more sustainable future. Congratulations to the Baseload Capital team on this important milestone! #Sustainability #RenewableEnergy
A significant milestone for us at Baseload Capital! We are thrilled to announce the successful closing of our €53M Series B funding round, a key step in our mission to scale geothermal energy globally. This round was led by an investment from infrastructure fund ENGF. The main investor behind ENGF is Ingka Investments – the investment arm of Ingka Group, the largest IKEA retailer. We’re also excited to have the continued support of Baker Hughes, Nefco - the Nordic Green Bank, Breakthrough Energy Ventures, and Gullspång Invest. This funding will enable us to expand our geothermal projects worldwide and move closer to our goal of reducing global emissions by half a gigaton. By harnessing decades of expertise from the oil and gas industry, we are bringing new innovations to geothermal, ensuring it can meet the world’s energy needs sustainably. A huge thank you to our investors and partners for their trust and support as we work towards a cleaner, more sustainable energy future. For more information, read the press release here. https://lnkd.in/dQrHRUNc #GeothermalEnergy #Investment #BaseloadCapital #EnergyTransition