We are currently active in four countries: Iceland, Taiwan, Japan and the U.S.
In each of these markets, we have formed power companies to develop and operate the heat power plants.
We are currently active in four countries: Iceland, Taiwan, Japan and the U.S. In each of these markets, we have formed
power companies to develop and operate the heat power plants.
Our markets are located in regions where we can access low-temperature heat without drilling to extraordinary depths, or work with the waste heat from existing power plants. Today they are: Iceland, Japan, Taiwan, the U.S. and New Zealand.
It’s no coincidence that our first market was Iceland, the Nordic country with the most mature geothermal energy market. In January 2018, Baseload Capital acquired a stake in the local heat power developer Varmaorka, to support the construction of additional plants.
Varmaorka currently oversees 10 to 15 established district heating facilities in Iceland that are used to heat homes and greenhouses. Most of these facilities have been active for over 30 years and have a stable operational history in terms of water flows and temperatures. At each installation, a heat power plant will be connected to the existing infrastructure between the heat source and the district heating system. Each existing district heating system has the capacity for five to ten Climeon Heat Power modules, depending on the size and water temperature.
TAKE A TOUR
Grab a VR headset and join us in Flúðir, Iceland for an interactive tour of our first power plant.