close
Menu
close
Menu
close
Menu
close
Menu
close
close

WE ARE CHANGEMAKERS

Rolling out renewable, baseload electricity worldwide.

We are a team of RESILIENT, INNOVATIVE AND VISIONARY PIONEERS.

Join our team 

If you’re like us, you want to play a role in changing the energy mix. But let’s get personal for a minute because goals aren’t the only thing that matters. We’re looking for people who also share our values: resilience, innovation and the desire to be visionary pioneers. If geothermal venture capital resonates with you, please get in touch.

OUR STORY

In 2017, most of us at Baseload were working for the technology company, Climeon. Climeon had developed a way to efficiently convert low-temperature hot water into electricity. Their first customers were in the steel industry and in shipping, where utilizing waste heat could yield efficiency gains and a reduced carbon footprint. But many of us at the company had always suspected that there was great potential in a geothermal application. Then we went to Iceland, where we discovered that most of the wells contained the perfect temperature water for Climeon’s technology. The country was in need of power and we had a great local partner, but there was no capital to be found. That’s when a handful of us left Climeon to found the geothermal venture capital firm, Baseload Capital.

We knew that if we could find likeminded investors to help us fund heat power projects worldwide, we could unleash the planet’s largest renewable energy source. In 2018, we began searching for project developers in markets with significant geothermal heat power potential. The idea was to support developers with knowledge about new technologies in order to speed up project funding and implementation, add value and reduce costs, leading to more profitable projects. But we quickly realized that there were no candidates in our key markets. We had a choice: to give up on those opportunities or invest geothermal venture capital to set up our own local power companies. We decided on the latter. The opportunities and the potential of a scalable solution to provide green baseload power was simply too great to wait for someone else to step in.

By that autumn, the first Baseload Power company was formed, with the mission to develop and operate sustainable power plants. We now have power companies operating in four countries: Japan, Taiwan and the U.S., as well as Varmaorka in Iceland. With great local teams on the ground, they have managed to get several plants up and running, and there are more in the pipeline. We are already starting to think in new ways, to incorporate entire ecosystems around our plants, and we’re forging new partnerships to add various forms of expertise. We are fast on our way to disrupting the energy sector, working as hard as we can toward our vision of a planet in balance. 
“As geothermal venture capital investors, we have to support entrepreneurs who do not hope or fear without reason, and who are filled with hope and conviction that progress is possible!

MAGNUS BRANDBERG

Chairman of the board

TEAM MEMBERS

ALEXANDER HELLING

As CEO, Alexander is in charge of Baseload Capital’s investments and overall portfolio performance. He has extensive experience in international project finance as well as operating and running companies.

PERNILLA WIHLBORG

Pernilla is in charge of Baseload’s overall operations and of building up the local Baseload Power companies. She has 14 years of experience in business and corporate development, general management and strategy as well as building and leading teams.

MANON STÖVER

For more than a decade, Manon has been involved in geothermal project development – from exploration to power plant. At Baseload she is a senior advisor for the development of geothermal projects.

TONY ENGMAN

Tony is in charge of Baseload’s financials and governance. He is an expert in working capital management, as well as finance and performance management, and has published literature on these subjects.

MATTIAS MÖRNESTEN

Mattias is a Chief Investment Officer at Baseload Capital. He has more than 15 years of experience as VP for several infrastructure companies in the Nordic countries.

KRISTINA HAGSTRÖM-ILIEVSKA

Kristina is in charge of Baseload’s marketing and communications. She has more than 10 years of experience in strategic marketing and communications as well as in sales and change management.

SIMON WESTERLUND

Simon identifies and evaluates new market opportunities for Baseload. He has more than 10 years’ experience from working in Asia, specializing in establishing and growing businesses.

GABRIELLA SKOG

Gabriella conducts research and prospect mapping for Baseload’s geothermal operations. She has a BSc degree in Geoscience and previous experience working at Climeon as a geothermal advisor.

JESPER JOLMA

Jesper evaluates new potential projects in various markets. He has previous experience in sales and marketing at Climeon and has a Master’s degree in Industrial Engineering and Management.

MALIN GLAS

Malin works with financial controls, payments and follow-up of financial flow. She also produces statistics for monthly reports and financial statements.

RYOKO KONDO

Ryoko is in charge of financing execution for Baseload as well as the identification and evaluation of new project opportunities. She has more than 10 years’ experience in investment banking and private equity, and another 10 years’ experience from a Japanese trading company.

WANT TO KNOW MORE?

We’re passionate about what we do, and happy to tell you all about it.  
menu