Baseload Capital Completes its €53M Series B Round to Scale Up Geothermal Energy

Baseload Capital Completes its €53M Series B Round to Scale Up Geothermal Energy

Baseload Capital, the Swedish company scaling up geothermal energy worldwide, announced the closing of its €53M Series B round of financing. The Series B round was led by an investment from infrastructure fund ENGF. The main investor behind ENGF is Ingka Investments – the investment arm of Ingka Group, the largest IKEA retailer.