Latest news with #BaseloadCapital
Yahoo
07-05-2025
- Business
- Yahoo
Baseload Power U.S. appoints new president
STOCKHOLM, May 7, 2025 /PRNewswire/ -- Baseload Power U.S. (BPUS) is pleased to announce that Jesper Jolma has been named President of the company. He will be responsible for leading BPUS's work to expand development geothermal resources in the western United States. Jesper has been a key member of Baseload Capital since 2018, where he played a key role in establishing Baseload Power Taiwan in 2019 and BPUS in 2020. He most recently served as Investment Manager for the U.S. at Baseload Capital, during which time he was instrumental in closing Baseload's Series B funding round. With a strong educational background and a breadth of experience in geothermal energy investment and project development, Jesper is dedicated to advancing innovative renewable energy solutions and scaling up geothermal projects globally. Jesper Jolma holds an Executive MBA-equivalent from Harvard Business School and a Master of Science in Industrial Engineering and Management. Jesper commented "I am thrilled to continue my career with Baseload and to move into this new role at Baseload Power U.S. Our strategy of developing geothermal projects through partnerships and collaboration is a great fit for the constantly evolving geothermal ecosystem in the U.S. I am looking forward to working with colleagues here and abroad to push projects forward and advance the geothermal industry." Baseload Capital COO Pernilla Wihlborg noted "It has been a privilege to watch Jesper grow into a leader through his tenure at Baseload Capital. We are confident in his continued success in developing our U.S. and global business." Baseload Capital CEO Alexander Helling added "Jesper has been integral to the development of Baseload Capital thus far and we are thrilled that he will continue to contribute to our mission of scaling geothermal energy worldwide by leading Baseload Power US." CONTACT: For more information, please contact: Kristina Hagström-Ilievska CMO, Baseload Capital Tel: +46 (0) 732330039 This information was brought to you by Cision The following files are available for download: jesper pressrelease3 jesper pressrelease1 Cision View original content: SOURCE Baseload Capital Sweden AB
Yahoo
15-04-2025
- Business
- Yahoo
Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA
STOCKHOLM, Sweden, April 15, 2025 /PRNewswire/ -- Long-term partnership to supply Google's operations in Taiwan with clean, firm geothermal energy-setting a new standard for the tech industry. Global geothermal developer Baseload Capital and Google today announced the signing of the first corporate power purchase agreement (CPPA) for carbon-free geothermal energy in Taiwan. As AI and hyperscale data centers expand, so does the need for a reliable, always-on energy supply. Baseload's geothermal solutions provide the stability needed to meet future energy demand, ensuring that digital innovation is powered by clean, firm, and sustainable energy. Geothermal is the world's largest untapped energy resource–clean, reliable, and available 24/7. Through its innovative strategy and global portfolio, Baseload Capital de-risks investments and accelerates geothermal development. The partnership's initial projects will add 10 MW of clean energy to the grid, doubling Taiwan's current geothermal capacity in commercial operation. Once operational in 2029, the projects will supply capacity to help power local data center operations and offices. By integrating geothermal power into its energy portfolio, Google is not only reducing its own carbon footprint but also paving the way for a broader industry shift toward firm, clean energy. This CPPA ensures a steady supply of clean power, reducing reliance on fossil fuels and strengthening energy security. Beyond the CPPA, the partnership includes an equity investment by Google in Baseload Capital to support the company's efforts to scale geothermal energy. Together, Baseload and Google are advancing the path to 24/7 carbon-free energy, by accelerating another critical resource for reliably meeting the tech industry's electricity demand. "We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of–and demand for–24/7 clean, firm energy. Our partnership highlights how Baseload's mission aligns with Google's portfolio, creating powerful synergies for sustainable tech growth," said Alexander Helling, CEO of Baseload Capital. "Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally. We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide," said Michael Terrell, Sr. Director of Clean Energy and Carbon Reduction at Google. For more information, please contact:Kristina Hagström-Ilievska CMO, Baseload +46 (0) 732330039 This information was brought to you by Cision The following files are available for download: BaseloadGoogle press final View original content: SOURCE Baseload Capital Sweden AB Sign in to access your portfolio
