{"id":21647,"date":"2025-04-17T18:36:57","date_gmt":"2025-04-17T11:36:57","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=21647"},"modified":"2025-04-17T18:36:57","modified_gmt":"2025-04-17T11:36:57","slug":"major-step-for-geothermal-energy-in-asia-baseload-capital-and-google-forge-corporate-ppa","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=21647","title":{"rendered":"Major step for geothermal energy in Asia – Baseload Capital and Google forge corporate PPA"},"content":{"rendered":"

Long-term partnership to supply Google’s operations in Taiwan<\/span> with clean, firm geothermal energy-setting a new standard for the tech industry.<\/b><\/p>\n

STOCKHOLM<\/span><\/span>, April 17, 2025<\/span><\/span> \/PRNewswire\/ — 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<\/span>.<\/p>\n

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.\u00a0<\/p>\n

Geothermal is the world’s largest untapped energy resource\u2013clean, reliable, and available 24\/7. Through its innovative strategy and global portfolio, Baseload Capital de-risks investments and accelerates geothermal development.<\/p>\n

The partnership’s initial projects will add 10 MW of clean energy to the grid, doubling Taiwan’s<\/span> current geothermal capacity in commercial operation. Once operational in 2029, the projects will supply capacity to help power local data center operations and offices.<\/p>\n

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.<\/p>\n

Beyond the CPPA, the partnership includes an equity investment by Google in Baseload Capital to support the company’s efforts to scale geothermal energy.<\/p>\n

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.<\/p>\n

“We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of\u2013and demand for\u201324\/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth,”<\/i>\u00a0said Alexander Helling<\/span>, CEO of Baseload Capital.<\/p>\n

“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<\/span> and globally. We hope this first corporate agreement for geothermal in Taiwan<\/span> will help to scale corporate procurement for geothermal projects across the region and worldwide,” <\/i>said Michael Terrell<\/span>, Sr. Director of Clean Energy and Carbon Reduction at Google.<\/p>\n

CONTACT: <\/b><\/p>\n

For more information, please contact:<\/b>
Kristina Hagstr\u00f6m-Ilievska<\/i> CMO, Baseload Capital
kristina.hagstrom.ilievska@baseloadcap.com<\/a>
Tel: +46 (0) 732330039<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

https:\/\/news.cision.com\/baseload-capital-sweden-ab\/r\/major-step-for-geothermal-energy-in-asia—baseload-capital-and-google-forge-corporate-ppa,c4135939<\/a><\/p>\n

The following files are available for download:<\/p>\n

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https:\/\/news.cision.com\/baseload-capital-sweden-ab\/i\/baseloadgoogle-press-final,c3399302<\/a><\/span><\/p>\n<\/td>\n

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BaseloadGoogle press final<\/span><\/p>\n<\/td>\n<\/tr>\n

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https:\/\/mb.cision.com\/Public\/17753\/4135939\/8c53d00ecd8168e3.docx<\/a><\/span><\/p>\n<\/td>\n

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Press release- Japanese version Baseload Capital and Google forge corporate PPA<\/span><\/p>\n<\/td>\n<\/tr>\n

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https:\/\/mb.cision.com\/Public\/17753\/4135939\/a3f71de1cb640179.docx<\/a><\/span><\/p>\n<\/td>\n

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Press release Baseload Capital and Google forge corporate PPA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Long-term partnership to supply Google’s operations in Taiwan<\/span> with clean, firm geothermal energy-setting a new standard for the tech industry.<\/b><\/p>\n

STOCKHOLM<\/span><\/span>, April 17, 2025<\/span><\/span> \/PRNewswire\/ — 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<\/span>.<\/p>\n

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.\u00a0<\/p>\n

Geothermal is the world’s largest untapped energy resource\u2013clean, reliable, and available 24\/7. Through its innovative strategy and global portfolio, Baseload Capital de-risks investments and accelerates geothermal development.<\/p>\n

The partnership’s initial projects will add 10 MW of clean energy to the grid, doubling Taiwan’s<\/span> current geothermal capacity in commercial operation. Once operational in 2029, the projects will supply capacity to help power local data center operations and offices.<\/p>\n

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.<\/p>\n

Beyond the CPPA, the partnership includes an equity investment by Google in Baseload Capital to support the company’s efforts to scale geothermal energy.<\/p>\n

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.<\/p>\n

“We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of\u2013and demand for\u201324\/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth,”<\/i>\u00a0said Alexander Helling<\/span>, CEO of Baseload Capital.<\/p>\n

“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<\/span> and globally. We hope this first corporate agreement for geothermal in Taiwan<\/span> will help to scale corporate procurement for geothermal projects across the region and worldwide,” <\/i>said Michael Terrell<\/span>, Sr. Director of Clean Energy and Carbon Reduction at Google.<\/p>\n

CONTACT: <\/b><\/p>\n

For more information, please contact:<\/b>
Kristina Hagstr\u00f6m-Ilievska<\/i> CMO, Baseload Capital
kristina.hagstrom.ilievska@baseloadcap.com<\/a>
Tel: +46 (0) 732330039<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

https:\/\/news.cision.com\/baseload-capital-sweden-ab\/r\/major-step-for-geothermal-energy-in-asia—baseload-capital-and-google-forge-corporate-ppa,c4135939<\/a><\/p>\n

The following files are available for download:<\/p>\n

\n\n\n\n\n\n
\n

https:\/\/news.cision.com\/baseload-capital-sweden-ab\/i\/baseloadgoogle-press-final,c3399302<\/a><\/span><\/p>\n<\/td>\n

\n

BaseloadGoogle press final<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

https:\/\/mb.cision.com\/Public\/17753\/4135939\/8c53d00ecd8168e3.docx<\/a><\/span><\/p>\n<\/td>\n

\n

Press release- Japanese version Baseload Capital and Google forge corporate PPA<\/span><\/p>\n<\/td>\n<\/tr>\n

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https:\/\/mb.cision.com\/Public\/17753\/4135939\/a3f71de1cb640179.docx<\/a><\/span><\/p>\n<\/td>\n

\n

Press release Baseload Capital and Google forge corporate PPA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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