Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investi| Techie World
Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million in a geothermal project development company called Baseload Capital.
Baseload Capital is a project investment firm that provides capital to develop geothermal energy power plants using technology developed by its Swedish parent company, Climeon.
Like the spinoff from Google’s parent company, Alphabet, Dandelion Energy, which recently raised $16 million in a new round of financing, Climeon builds standardized machines to tap geothermal energy. But Dandelion is targeting consumers with its technology to provide home heating, while Climeon turns geothermal energy into electricty.
