Baseload Capital announces that its subsidiary, Baseload Power Japan has officially begun its fourth geothermal power operation.

The operation represents the second phase in the development of Sansui Geothermal Power Plant, in partnership with Furusato Power generation and hot spring inn Sansui.

The two operations combined will produce 700 MWh annually, equivalent to the annual power consumption of roughly 200 households.

Read the full press release on CISION

The UK-based Society of Petroleum Engineers (SPE) Aberdeen recently held their first-ever geothermal seminar titled “An Opportunity to Explore the Role of Geothermal in the Energy Transition…And Beyond!” The seminar focused on the potential of growth of the geothermal industry and the opportunities that it can provide to oil and gas professionals. Quiase Energy correspondent Elizabeth Thomson  has provided us with a release about the seminar that we are republishing in full below.

READ FULL ARTICLE HERE

Interim report for the period 1 January – 30 June, 2021

Baseload Capital Sweden AB (publ) today releases the results for the period 1 January – 30 June 2021

During the second quarter the focus has been on execution and business development in all of our active markets.

The information was submitted for publication at 07:30 CET on 27 August 2021.

For more information, please contact:

Alexander Helling CEO of Baseload Capital

alexander.helling@baseloadcap.com

>> Get the full update from our quarterly report here.

Interim report for the period 1 January – 31 March 2021

During the first quarter of 2021, Baseload closed a capital round of USD 25m with Chevron Technology Ventures (“Chevron”) as a new strategic investor.

The information was submitted for publication at 07:30 CET on 26 May 2021.

This disclosure contains information that Baseload Capital Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-05-2021 07:30 CET.

For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com

>> Get the full update from our quarterly report here.

Take a panoramic, emissions-free VR tour of our geothermal power plant in Flúðir, Iceland.

Before travel restrictions, you had to fly to Iceland to see our power plants. Now we’re bringing them to you. Soar over Iceland’s dramatic landscape and into the plant. See the source of the world’s most viable form of renewable energy up close in virtual reality, and get a glimpse of future developments. For a fully immersive experience, we recommend wearing a VR headset like those by Oculus.

Annual report for the period 1 January – 31 December 2020

During a year characterized by Covid-19, the development of existing projects has continued largely according to plan, and despite the pandemic, we have managed to establish ourselves in the US market without being physically in place. We have taken a major step towards our aim of becoming a leading investor in geothermal energy production.

The result of - SEK 71.3 million compared with +2.5 SEK in 2019 is partly due to the strengthened krona which affected the result by - SEK 22.8 million. Despite the fact that the business has developed positively and the shares in the portfolio companies have increased in value in local currency, this means a net write-down of SEK 6.9 million. Furthermore, interest expenses increased by SEK 22.9 million compared with the previous year, of which interest expenses for the bond accounted for SEK 13.2 million. The interest rate has been unchanged during the year and the increased cost is due to the company paying interest for 12 months in 2020, but in 2019 only for parts of the year. The remaining increase in interest expenses is attributable to increased loans from the parent company and ultimately the company's owners. The negative result is also an effect of the company choosing to be conservative in the valuation of ongoing projects.

In 2020, we have, among other things:

The information was submitted for publication at 19:00 CET on 31 March 2021.

For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com

The disruptions we need: a conversation with Graeme Edge of Energy Disruptors

When we encountered a technical glitch at our recent seminar, we decided it was a great excuse to bring the Energy Disruptor founder back for another round. Are we having enough spicy conversations? Is “disruption” an overused term? Has the oil and gas industry finally begun to pivot towards geothermal? To find out, join us for this special installment of “Overrated/Underrated” with Graeme Edge and our CEO Alexander Helling, hosted by CMO Kristina Hagström Ilievska.

Subscribe to our newsletter for an invitation to our seminars: https://baseloadcap.com/contact-us

 

Geothermal startups get another boost from Chevron as the oil giant backs a geothermal project developer.

Geothermal Plant and Blue Lagoon leisure park, Iceland.

Image Credits: Universal Images Group / Getty Images

The U.S.-based oil major Chevron is doubling down on its investment in geothermal power by investing in a Swedish developer of low-temperature geothermal and heat power projects called Baseload Capital.

Oil companies are under pressure to find new lines of business as the world prepares for a massive shift to renewable energy resources to power all aspects of industry in the face of mounting climate-related disasters caused by greenhouse gas emissions warming the temperature on the planet.

Joining Chevron in the investment was the ubiquitous billionaire-backed clean energy investment firm Breakthrough Energy Ventures and a Swedish investment group called Gullspang Invest AB...

Read the full article at >> Tech Crunch 

Baseload Capital closes equity round of $25 million with Chevron as new strategic investor.

Baseload Capital, the Swedish company specialized in funding the deployment of heat power worldwide, announces the successful close of a $25 million funding round with Chevron Technology Ventures as a new strategic investor. As an initial outcome of the alliance, Chevron Technical Center and Baseload Capital have already signed a letter of intent to investigate a potential pilot project in California.

“In August, we announced that we were looking for a new strategic investor to help us accelerate deployment in our key markets,” says Baseload Capital CEO Alexander Helling. “We couldn’t have asked for a better one. Chevron complements our group of owners, and adds expertise in drilling, engineering, exploration and more. These assets will accelerate our ability to deploy heat power, and strengthen our way of working.”

The potential pilot projects and commercial projects with Chevron Technical Center are designed to advance lower-carbon energy production. As Baseload Capital continues to develop heat power plants worldwide, Baseload and Chevron will look for commercial heat power opportunities in common geographies where Chevron operates. Heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.

“Chevron’s investments in geothermal power reflects our ongoing efforts to help advance the world’s transition to a lower carbon future,” said Barbara Burger, vice president, innovation and president of technology ventures at Chevron. “We look forward to working with Baseload Capital to expand geothermal resources in the U.S. and internationally.”

This information is information that Baseload Capital Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 AM CET on the first of March 2021.

For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com

About Chevron Technology Ventures

Chevron Technology Ventures (CTV) pursues and invests in externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. CTV leverages innovative companies and technologies to strengthen Chevron’s core operations and identifies new opportunities to shape the future of energy. The Baseload Capital investment came from Chevron’s Core Venture Fund which invests in technology that has the potential to add efficiencies to Chevron’s core business in the areas of operational enhancement, digitalization, and lower carbon operations including geothermal.

For more information, visit www.chevron.com/technology/technology-ventures

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