BREAKTHROUGH ENERGY VENTURES believe, support and invest in Heat power
We have just received some wonderful news. Breakthrough Energy Ventures, an investor-led venture fund backed by some of the world’s top business executives, has invested in the Heat power category to speed the global deployment of low temperature geothermal heat power.
Heatpower.com got a chance to speak to Pernilla Wihlborg who is the Chief Operating Officer (COO) of Baseload Capital on these great news.
Breakthrough Energy Ventures is an investor-led fund who invests in cutting-edge companies that demonstrate the potential to reduce at least a half gigaton of greenhouse gas (GHG) emissions every year. The fund focuses on five grand challenges with the most opportunity for impact: electricity, transportation, agriculture, manufacturing and buildings.
These are the broad areas of activity that contribute most to GHG emissions. The Fund’s investment team has identified low temperature geothermal heat power as one of the most significant opportunities available to address GHG emissions in the production of electricity.
According to a press release by Baseload Capital who is a specialized investment entity investing in Heat Power, Breakthrough energy has invested USD 12,5 million to accelerate the global deployment of low temperature geothermal heat power, a significant opportunity to address GHG emissions in the production of electricity.
Baseload Capital was formed in the beginning of 2018 by Climeon, Blue, Gullspång Invest and LMK. The company works globally with the aim to give Heat Power Operators the financial tools to build and operate renewable heat power plants. –
For the Heat power category this is a huge step forward – both in regard to the investment, but above all, that Breakthrough energy supports and believe in the category Heat power. This will strengthen Heat power as an affordable, reliable, sustainable and modern energy of the future.