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Breakthrough Energy Ventures invests $ 12.5 million in a geothermal project development company called Baseload Capital, with investment companies such as Jeff Bezos, Bill Gates and Jack Ma. Baseload Capital operates as a project investment company providing capital to develop geothermal power plants using the technology developed by the Swedish parent company, Climeon.
Breakthrough Energy Ventures invests $ 12.5 million in a geothermal project development company called Baseload Capital, with investment companies such as Jeff Bezos, Bill Gates and Jack Ma. Baseload Capital operates as a project investment company providing capital to develop geothermal power plants using the technology developed by the Swedish parent company, Climeon.

Google's roof company Alphabet also invested $ 16 million in Dandelion Energy in a recent round of financing. Climeon also produces standard machines to take advantage of geothermal energy like Dandelion, where Alphabet invests. But while Dandelion targets consumers with heating technology at home, Climeon transforms geothermal energy into electricity. According to a company spokesperson, the company's two-cubic-meter modules produce 150 kilowatts of electricity. We can say that this is roughly 250 European households.

Founded in 2011, Climeon launched Baseload Capital a year ago to invest in special-purpose vehicles to build power plants using its own technology. Baseload Capital buys stocks from these companies and provides debt financing for them.

Climeon and Baseload Capital focus on three main sectors: geothermal, transportation and heavy industry. The company's modular units make it easy to scale or unload services. Customers spend 5,000 500 Euros per module per year for Climeon's power plant management software. The company says it already has an order accumulation list of approximately $ 88 million.

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