Energy technology giant Baker Hughes praised the role of Baseload Capital in bringing together leaders within geothermal and demonstrating greater industry unity.
While geothermal energy isn’t new, the sector has experienced growing traction over the last couple of years. This revived interest is ushering in what some call the golden decade of geothermal. Greater alignment within the industry is the linchpin for effectively transitioning to renewable energy. More and more, we see leading players working together and speaking in one voice to raise awareness and visibility of geothermal on social and political platforms. The end goal? To escalate geothermal energy as an essential ingredient for a low-carbon global economy.
Baseload Capital as an agent of industry alignment
Baseload Capital announces that its subsidiary, Baseload Power Japan has officially begun its fourth geothermal power operation.
The operation represents the second phase in the development of Sansui Geothermal Power Plant, in partnership with Furusato Power generation and hot spring inn Sansui.
The two operations combined will produce 700 MWh annually, equivalent to the annual power consumption of roughly 200 households.
As with Baseload’s recently completed geothermal plant, this fourth power plant utilizes Climeon as its supplier.