Baseload Capital

Why are companies turning to geothermal? It’s not hype. It’s strategy. As energy demands rise and sustainability goals tighten, businesses are under pressure to find solutions that are: 🔸 Reliable: 24/7 baseload power, no matter the weather 🔸 Local: reducing reliance on imported fuels 🔸 Clean: low emissions and long-term environmental credibility 🔸 Cost-effective: especially at scale That’s why forward-thinking companies are beginning to integrate geothermal into their energy strategies - not only to meet operational demands, but to build long-term energy resilience and sustainability leadership. In the latest GeoTV episode, Gabriella Skog and Boel Stier explore how geothermal is becoming a smart choice for data centers and beyond - together with Carlo Cariaga from ThinkGeoEnergy. 👉 Watch it here: https://hubs.la/Q03BhtLs0 #GeoTV #Geothermal #GeothermalEnergy #BaseloadCapital #DataCenters #Sustainability #EnergyStrategy #CleanEnergy #BaseloadPower #EnergyTransition

You’ve probably been powered by geothermal energy - without even realizing it. Next time you're assembling a BILLY bookcase, grabbing groceries, or exploring new energy innovations, consider this: 🔸 IKEA stores in Quebec City, Winnipeg, Colorado, Kansas City, and Dublin use geothermal systems to heat and cool their buildings quietly and efficiently. 🔸 Tech giant Google taps into geothermal heat pumps in some of its data centers to cut energy use and carbon emissions. 🔸 Even iconic landmarks like the #EmpireStateBuilding are getting in on the geothermal retrofit game, boosting efficiency and reducing emissions. 🔸 Walgreens net-zero energy store in Evanston, Illinois, integrates geothermal energy, solar panels, and wind turbines to produce as much energy as it consumes. 🔸 Universities such as the University of Nevada, Reno and Cornell University are leading geothermal innovation through cutting-edge research and development projects, driving the future of clean, reliable energy. Most of the geothermal infrastructure is underground, working continuously without disrupting the spaces above - delivering reliable and efficient energy where it’s needed most. According to the U.S. Department of Energy (DOE), geothermal heat pumps can reduce heating and cooling energy consumption by up to 65% compared to traditional systems. 💡 Next time you visit a store, office, or landmark, take a moment to consider: what’s powering this place? #Geothermal #GeothermalEnergy #CleanEnergy #EnergyTransition #SustainableFuture #BaseloadEnergy #Decarbonization #HiddenPower

Geothermal in the Canary Islands is heating up – literally. Later this year, Tenerife will drill its first production-focused geothermal well. 🔸 Location: Southern Tenerife 🔸 Target depth: 2,500–3,000 meters 🔸 Led by Energía Geotérmica de Canarias - a joint venture between Reykjavik Geothermal, local energy companies, and public sector players. While a slim hole was drilled back in the 90s (only reaching 50°C at 1,000m), this new project is going much deeper and aiming for power-generation potential. It’s early days, but a geothermal future in the Canaries? We’re here for it. 👉 Watch the full conversation with Carlo Cariaga from ThinkGeoEnergy in our latest GeoTV episode, hosted by Gabriella Skog and Boel Stier. https://hubs.la/Q03Bh6cD0 #Geothermal #GeoTV #GeothermalEnergy #EnergyTransition #Tenerife #BaseloadEnergy #CleanEnergy

5 common misconceptions about geothermal energy 🔥 Geothermal power holds enormous potential for clean baseload electricity - but several misconceptions still slow down its adoption. Let’s bust five of the most common myths: 1. It's too expensive 🔸 While early-stage exploration can be capital intensive, once operational, geothermal delivers highly competitive, stable electricity with decades of steady production. 2. It only works where there are volcanoes 🔸 While high-temperature resources exist in volcanic regions, today’s technology allows us to massively expand the global resource base. 3. It's intermittent like solar or wind 🔸 Unlike many renewables, geothermal provides 24/7 baseload power - always on, independent of weather or time of day. That makes it a critical backbone for a reliable, clean energy mix. 4. It takes too long to develop 🔸 With the right expertise, partnerships, and financing - modern geothermal projects can move from exploration to production in just a few years, far faster than large-scale nuclear or hydro projects. 5. It has limited scalability 🔸 Thanks to new drilling techniques, modular power plants, and private-sector innovation, geothermal is scaling up fast - offering flexible solutions from small distributed systems to large grid-scale power. 🌋 Seen other misconceptions out there? Or have a question you want us to dive into next? Let’s keep the conversation going. #Geothermal #GeothermalEnergy #Renewables #CleanEnergy #Sustainability #BaseloadCapital #GeothermalMyths

What if geothermal was as well known as solar and wind? Not just clean, but constant. Not just renewable, but reliable. 🔸 What if geothermal was the go-to for stable heat and power? 🔸 What if people knew it runs 24/7, 365 - no matter the weather? 🔸 What if it had the brand recognition it deserves? To get there, we need better communication. That’s why the Declaration of Communication exists- to help geothermal claim its place in the global energy conversation. ✅ Sign it at https://hubs.la/Q03xgWH10 ✅ Get a ready-to-use marketing kit ✅ Help shift the narrative → Already signed it? Great! We’d love to hear what you connected with the most. → Haven’t signed yet? Now’s the time. ✍️ Let’s make geothermal impossible to ignore. 🔥 #GeothermalEnergy #CleanEnergy #EnergyTransition #ClimateSolutions #CommunicateGeothermal #RenewableEnergy #DeclarationOfCommunication #DOC

When Big Tech meets geothermal, things start heating up. This GeoTV episode brings you a global roundup of what’s heating up in geothermal right now. Gabriella Skog and Boel Stier are joined once again by ThinkGeoEnergy's Editor-in-Chief Carlo Cariaga to unpack the stories that are lighting up the headlines - and the drill sites. 🔸 Big Tech is dialing up the demand for geothermal (and fast) 🔸 Drilling kicks off in volcanic Tenerife 🔸 Bill Gates boots-on-the-ground at Fervo Energy's Nevada site From Silicon Valley to the Rift Valley, geothermal is having a moment, and we’re here for it. This episode is sponsored by Baker Hughes, Ormat Technologies, Inc. and Exergy ORC. 👉 Watch the full episode here: https://hubs.ly/Q03ySqPW0 #GeothermalEnergy #ThinkGeoEnergy #geothermal #energytransition #renewables #GeoTV #BaseloadCapital

Why isn’t geothermal energy everywhere? Let’s talk about changing that. Hermann Baldursson from Baseload Power Iceland will speak at Brunel University of London the 30th of July, during the Symposium on Improving Competitiveness of Geothermal Energy, part of the SEEP 2025 Conference. His talk, "Homegrown energy – developing low- and medium-enthalpy geothermal", explores how Iceland is turning local heat into scalable, sustainable power. The symposium brings together researchers, engineers, and professionals working to make geothermal more competitive - by improving performance, reducing risks, cutting costs, and expanding its reach. Topics on the agenda include: 🔸 Exploration, resource management & drilling 🔸 Direct heat usage & thermal energy storage 🔸 Smart controls & Digital Twins 🔸 Advanced materials, equipment, and optimization strategies Geothermal is the only renewable energy that’s available 24/7, all year round, yet it still represents a small fraction of the global energy mix. Events like this are a crucial part of changing that. We’re proud to contribute insights from the Icelandic geothermal experience - and keep pushing the global energy transition forward. See you there 👋 or stay tuned for highlights from Hermann’s talk posted here after the event. #Geothermal #GeothermalEnergy #EnergyTransition #SEEP2025 #SustainableEnergy #CleanTech #BaseloadCapital

Scaling geothermal takes more than capital - it takes true partners. At Baseload Capital, our mission is to make geothermal a core part of the global energy mix. But we can’t do it alone. Here’s why partnerships power geothermal growth: 🔸 Projects are complex 🔸 Every site is unique 🔸 Innovation needs collaboration 🔸 Scaling requires trust and alignment Through our Baseload Power companies, we tailor each project to local conditions - driving efficiency, community impact, and long-term value: Baseload Power Japan – Unlocking one of the world’s top geothermal markets with clean power and heat that support jobs, tourism, and local business. Baseload Power Taiwan – Partnering with Google on Taiwan’s first corporate geothermal PPA. By 2029, we’ll add 10 MW of clean energy—doubling the country’s commercial capacity. Baseload Power Iceland – Building small-scale plants that harness low-to-mid temp resources, supporting Iceland’s fully renewable grid. Baseload Power US – Operating and scaling zero-emission binary plants in Nevada and beyond. We're backed by long-term investors who share our belief in clean baseload power: Breakthrough Energy Ventures – Founded by Bill Gates backing high-impact climate solutions. Baker Hughes + Chevron New Energies - Deep energy expertise driving geothermal innovation. Google - Advancing bold technologies to accelerate the clean energy transition. Ingka Investments – The investment arm of Ingka Group (IKEA), creating long-term sustainable value. Gullspång Invest, Blue, LMK Forward – Committed partners in sustainable development. To us, partnerships aren’t just necessary - they’re how we learn, grow, and lead toward a cleaner energy future. 🤝 If your organization shares our vision for clean, reliable, local power - let’s connect. The earth has power. Let’s switch it on - together. #Geothermal #CleanEnergy #EnergyTransition #BaseloadCapital #Partnerships #Sustainability

Why is geothermal growth changing? Marit Brommer, CEO of the International Geothermal Association, explains that regulations, policies and legislation play a big role. In some regions, outdated or complex rules make it harder for new geothermal markets to emerge - and for mature ones to evolve. 👉 Watch the full GeoTV episode here: https://hubs.la/Q03wQzxD0 #Geothermal #GeoTV #GeothermalEnergy #BaseloadCapital #CleanEnergy #Sustainability #RenewableEnergy

What is Enhanced Geothermal Systems (EGS) and why it matters 🔥 Traditional geothermal energy relies on three key natural conditions: 🔸 Heat from the Earth's interior 🔸 Water in underground reservoirs 🔸 Permeable rock that allows water to flow and transfer heat EGS expands the potential by engineering the subsurface when natural conditions are limited. EGS approaches include: 🔸 Stimulating fractures to increase permeability 🔸 Creating closed-loop systems (circulating fluid through sealed pipes) 🔸 Hybrid systems combining natural and engineered flow paths 🔸 Conductive-only systems that tap deep hot rock without fractures 👉 The goal across all EGS types: Access more heat, in more places, with less resource risk. 💡 EGS makes it possible to harvest geothermal energy almost anywhere, making it one of the most promising renewable energy innovations for global deployment. Who's working on EGS? Several pioneering companies and organizations around the world are actively developing and testing EGS technology: 🔸Fervo Energy: One of the most advanced private companies focused on EGS, using oil & gas drilling techniques to scale geothermal. 🔸Eavor Technologies Inc. While technically not EGS, their “Eavor-Loop” is a closed-loop geothermal system with similar goals - expanding geothermal availability. 🔸AltaRock Energy: Early pioneers in EGS research and demonstration projects. 🔸 U.S. Department of Energy (DOE): Major funder of EGS research, including the FORGE project (Frontier Observatory for Research in Geothermal Energy) in Utah. 🔸 National Renewable Energy Laboratory (NREL): Provides technical support and analysis on EGS systems. 🔸 Geothermal Engineering Ltd: Working on deep geothermal systems in Cornwall, some with EGS characteristics. 🔸 Habanero Project (Australia): An earlier EGS test site, helping build foundational knowledge. 🌋 So why then, does EGS matters for the geothermal industry? EGS could unlock massive amounts of clean baseload power, enabling geothermal to scale like solar or wind - but with the added benefit of 24/7 reliability. It's a powerful complement to intermittent renewables and a key player in the future of net-zero grids. At Baseload Capital, we’re currently focused on conventional and closed-loop geothermal solutions - but we’re excited about the potential of EGS as the technology progresses. #Geothermal #GeothermalEnergy #EGS #EnhancedGeothermalSystem #CleanEnergy #BaseloadCapital #BaseloadPower