Baseload Capital

A new 2026 study from Stanford delivers a critical insight for the energy transition: Adding just 10% Enhanced Geothermal Systems (EGS) can fundamentally improve how renewable energy systems perform. For years, the dominant build-out strategy has focused on solar, wind, and batteries. While these technologies are indispensable, scaling them introduces growing pressures on land use, grid stability, and storage economics. The Stanford University research reframes the discussion by showing that EGS is not simply another clean energy source, it is a system-level optimizer. By integrating just 10% EGS into the energy mix we see improvements such as: 🔸 Infrastructure Savings: That 10% share of geothermal can slash battery storage requirements by a staggering 28%. 🔸 Land Efficiency: It reduces the total land footprint needed for energy by nearly 16%, a game-changer for densely populated regions. ��� Cost Stability: Unlike intermittent sources that require expensive "firming," EGS provides 24/7 power at a competitive cost, replacing the role of coal and nuclear without the legacy risks. This finding shifts the narrative from a technology debate to a system design conversation. As electricity demand accelerates, driven by electrification, industrial growth, and data center expansion, reliability is becoming the defining constraint. Firm, always-available clean power is no longer optional infrastructure; it is foundational. The future grid is not just renewable. It must also be reliable. #Geothermal #GeothermalEnergy #EnergyTransition #EnergySecurity #BaseloadCapital

Taiwan 🤝 geothermal This week, our team has been on the ground at the Taiwan International Geothermal Conference 2026 - sharing, learning, and connecting across borders. Geothermal doesn’t develop in isolation. It’s built on experience, iteration, and knowledge transfer. That’s exactly what this week has been about. On stage, our team contributed with: 🔸 Kristín Vala Matthíasdóttir bringing a “sister island” perspective - sharing lessons from Iceland and the Philippines, and what they mean for Taiwan. As she put it: “We have done all the mistakes. It’s called experience.” 🔸 Francis Bayon presenting real-world drilling experiences from Taiwan 🔸 Kristín also joined the panel on exploration and development in complex geothermal systems Beyond the sessions, we’ve had the chance to meet partners, policymakers, and industry peers - and to continue the conversations that actually move projects forward. We also handed out copies of Our Hidden Powers. Seeing them in the hands of participants across the conference was a highlight. We hope they lead to many good conversations. On site from Baseload: Magnus Brandberg, Oscar Lundqvist, Mattias Mörnesten, Malin Glas, Jonathan Verlander, Simon Westerlund, Jessie Su, CH (as known as English) Hsieh, Yu-Hsuan (Eva) YIN, Meng-Ju(David) Tsai and Umut Baris Ulgen. We're grateful to be part of a growing geothermal community in Taiwan. #Geothermal #GeothermalEnergy #BaseloadCapital #Taiwan

Thank you to everyone who joined us for the launch of Our Hidden Powers II: The Big Switch last week. We’re grateful for the strong engagement and for being part of an evening focused on one of the most important transitions of our time. A special thank you to Mondial for supporting the publication, and to everyone involved in bringing this project to life. Our Hidden Powers II: The Big Switch is now available. This book is developed not only to educate and spark conversation with the next generation, but also to include their perspectives, highlighting the importance of engaging future decision-makers in today’s energy transition. The energy system we build today will shape the world of tomorrow. That makes education, collaboration, and long-term thinking more important than ever. Sometimes big discussions need small stories. #OurHiddenPowers #BookLaunch #Mondial #BaseloadCapital #Geothermal #GeothermalEnergy

Germany is accelerating geothermal, but why does it matter now? In this new episode of GeoTV, we break down Germany’s new Geothermal Acceleration Act and what it could mean for the future of the industry. For years, geothermal in Germany has faced the same challenges seen across many markets: slow permitting, complex regulations, and high development risk. This new legislation aims to change that, putting geothermal in overriding public interest, speeding up approvals, and simplifying processes. But we’ve heard this before… so what makes this time different? Together with new financial support, including low-interest loans and exploration insurance covering 30–70% of drilling risk - the conditions for scaling geothermal are starting to shift. We spoke with Florian Stanko from the Bundesverband Geothermie e.V. (German Geothermal Association) to understand what’s really changing, and what this could unlock. Among other things, here’s what’s changing: 🔸 Geothermal projects prioritized over competing interests 🔸 Year-round seismic exploration 🔸 Simplified access to private land 🔸 Extended project timelines (up to 8 years) 🔸 Faster permitting decisions It won’t solve everything overnight, but it’s a clear signal: geothermal is no longer a side conversation in Germany. When policy aligns with projects, and ambition aligns with execution, things start to move. Is this the turning point for geothermal in Germany? Watch the full GeoTV episode to hear what this could mean for Germany, and the industry. Sponsored by Baker Hughes, Ormat Technologies, Inc. and Exergy ORC. #Geothermal #GeothermalEnergy #BaseloadCapital #GeothermalGermany

Stories can help us understand complex things. Even something as big as the energy transition. That’s why we’re launching the second book in our children’s series Our Hidden Powers. “Our Hidden Powers: The Big Switch” introduces a new character to the classroom: Fossi. At first, the other energy sources keep their distance. They say he smells. But as the story unfolds, the class discovers that Fossi carries something valuable. The book explores an important idea: understanding the role fossil fuels have played in shaping modern society, while showing how knowledge, technology, and experience from the fossil fuel sector can support the growth of renewable energy. And that includes geothermal energy. Through storytelling, the book introduces younger audiences to the idea that the energy transition isn’t just about replacing one source with another. It's about learning from each other and collaborating to build tomorrow's energy system. While the primary audience is children, the goal is also to spark conversations across the broader energy sector. Because sometimes the best way to start a serious conversation… is with a story. You can explore the book here: https://hubs.la/Q047hlSJ0 #Geothermal #GeothermalEnergy #BaseloadCapital #OurHiddenPowers

2026 isn’t about more climate capital. It’s about moving it faster. For investors in energy infrastructure, the question is no longer whether climate solutions will scale. It’s how efficiently capital can be deployed at scale. In 2026, digital financial infrastructure is reducing some of the structural frictions that have historically slowed energy investment, particularly in capital-intensive, long-lived assets. Climate fintech matters to investors for four reasons. 1️⃣ First, it reduces uncertainty. Real-time performance, emissions, and operational data improve visibility into how assets behave over time. Better data means better risk pricing, and fewer surprises. 2️⃣ Second, it enables portfolio thinking. Standardised data, reporting, and underwriting frameworks make it possible to assess and manage energy assets as portfolios rather than one-off projects. That shift is critical for institutional scale. 3️⃣ Third, it accelerates capital deployment. When due diligence, monitoring, and reporting are partially automated and digitised, capital moves faster, from commitment to construction to operation. 4️⃣ And finally, it makes energy assets more comparable and investable. Projects that can demonstrate performance and impact in consistent, verifiable ways become easier to benchmark, finance, and replicate across markets. This is why 2026 feels different. Climate fintech doesn’t replace engineering, execution, or long-term partnerships. But it does provide the financial infrastructure that allows serious capital to move with more confidence, and at greater scale. What role do you see digital financial infrastructure playing in how energy portfolios are built over the next few years? #Geothermal #GeothermalEnergy #BaseloadCapital #ClimateFintech #EnergyInvestment #EnergyInfrastructure

Congratulations Gudjon! Our Director of Resource Management and Strategy, Gudjon Helgi Eggertsson, PhD, recently received special recognition from KPMG Ísland at Gulleggið, Iceland’s renowned startup competition hosted by KLAK - Icelandic Startups. His project, E-Lísa, was selected among the top 10 ideas from more than 80 submissions and received the KPMG Ísland special prize for its potential to reduce risk in geothermal development and help ensure that wells deliver reliable and predictable performance. At Baseload Capital, Gudjon provides strategic leadership for our geoscience efforts globally, guiding exploration, resource monitoring, reservoir management, and field development across multiple markets. Before joining Baseload Capital, Gudjon worked in geothermal research and held senior roles across Iceland’s geothermal industry with Landsvirkjun and HS Orka. We're proud to have him on the team! Picture from KLAK - Icelandic Startups. #BaseloadCapital #Geothermal #GeothermalEnergy #GeothermalIceland

EGS costs could fall toward ~$100/MWh by 2035. That’s the conclusion highlighted in the recent 2025 U.S. Geothermal Market Report referenced by pv magazine USA, pointing to new modelling from the National Laboratory of the Rockies. At the same time, McKinsey's latest analysis signals that next-generation geothermal technologies are increasingly viewed as a serious contender in the future clean, firm power mix. Encouraging signals, and not just for technology watchers. But cost projections alone rarely determine real-world competitiveness. In project development, outcomes are shaped by several interconnected factors: 🔸 Drilling performance and execution risk 🔸 Permitting timelines and regulatory frameworks 🔸 Access to suitable subsurface conditions 🔸 Capital efficiency and financing structures Lower modelled LCOEs matter. Yet deployment at scale ultimately depends on how effectively the industry manages geological, operational, and financial realities. For investors, this distinction is critical. Understanding the gap between modelled projections and bankable projects remains central when evaluating geothermal opportunities. At Baseload Capital, our focus stays the same: translating geothermal potential into investable, scalable developments, grounded in operational reality rather than assumptions alone. #Geothermal #GeothermalEnergy #BaseloadCapital #EnergyTransition #CleanEnergy

🇪🇺 Europe’s security and sovereignty hinge on building a more competitive and resilient economy, moving away from volatile fossil imports towards clean energy. Today, Baseload Capital joined 103 other companies and investors across Europe in signing an open letter calling on EU leaders to maintain a strong and credible Emissions Trading System (ETS). For two decades, the ETS has helped drive billions of euros into clean technologies, rewarding early movers and creating market demand for European innovation, from clean steel and cement to hydrogen, electrification and next generation energy solutions. Weakening it now would risk undermining investment certainty precisely when Europe needs it most. Instead, the upcoming ETS revision offers an opportunity to strengthen Europe’s industrial future by: 💶 Strategically deploying ETS revenues to support industrial electrification and long term clean power purchase agreements (PPAs). ⚡ Expanding access to abundant, affordable clean power for industry. 🛡️ Ensuring the Carbon Border Adjustment Mechanism functions effectively. 📈 Providing clear long term investment signals for breakthrough technologies. As global competition intensifies, policy clarity and regulatory stability are essential to attract capital and scale the industries that will power Europe’s clean and competitive future. 🔗 Read the open letter coordinated by Business for CBAM Coalition, Corporate Leaders Groups Europe, Cleantech for Europe and We Mean Business Coalition: https://hubs.la/Q046k2LS0 #EUIndustry #ETS #EnergySecurity Christian Stocker, Bart De Wever, Andrej Plenkovic, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis, Giorgia Meloni, Evika Silina, Gitanas Nausėda, Luc Frieden, Rob Jetten, Pedro Sánchez

"Heat from the Earth - the next big energy source" Baseload Capital is featured in Dagens industri, highlighting what we see every day across markets: Geothermal energy is moving from potential - to deployment. As Baseload Capital's Chair Magnus Brandberg notes in the article: “New drilling methods and digitalisation can make the heat from the Earth's interior a key source of baseload power in the future energy system.” Three forces are accelerating this shift: 🔸 Decarbonisation targets driving demand for firm, clean power 🔸 Technological advances improving project economics 🔸 Energy-intensive sectors, including AI and data centers, requiring reliable renewable energy The article identifies geothermal as one of the sectors to watch for major breakthroughs in 2026. Read more here: https://hubs.la/Q045wsdF0 #Geothermal #GeothermalEnergy #BaseloadCapital #EnergyTransition #CleanEnergy