Baseload Capital completes €53M series B round to scale up geothermal energy

Swedish ethical fund Blue AB reports that Baseload Capital in which it holds a strategic investment has completed a €53M series B round to scale up geothermal energy.

Bengt Rittri, founder and CEO of Blue AB and its sustainable impact investment operation Blue Purpose, said, “Baseload Capital is on an exciting journey to leverage clean and always-on geothermal energy, the world’s largest untapped energy resource.”

Klas Gustafsson, Blue Purpose Portfolio Manager, stated, “We are delighted as a shareholder in Baseload Capital since 2018 to see new investors join us on this important energy infrastructure platform. Baseload Capital has demonstrated its capabilities to develop a portfolio of geothermal projects in a purpose-driven arena where we, as an active investor in green, planet-friendly technologies and solutions, strive to help support and drive the green transition.”

The full press release detailing the Baseload Capital series B investment round can be read here

Media: For more information about Blue AB and Blue Purpose investment operation, please contact David Noble, Information Officer, at +44 7785 302694 or david.noble@blueab.se