Japan: More Climeon Geothermal Heat Power Modules Ordered

Climeon wins new order within geothermal in Japan (News Release)

The animation above illustrates the simplified cycle of a Climeon Heat Power module.

Climeon has received a new order for geothermal heat power in Japan. Baseload Capital Sweden is purchasing additional Heat Power modules on the behalf of a newly started Heat Power operator. The order value amounts to SEK 19.5 million, excluding service fees and software licenses.

In July 2018, Baseload Capital Sweden placed an order for Heat Power modules worth SEK 19.5 million. Baseload Capital has now placed an additional order amounting to SEK 19.5 million. All Heat Power modules have been purchased on the behalf of a local Heat Power operator, which will be jointly owned by a number of Japanese stakeholders and Baseload Capital Sweden.

The modules are to be delivered during 2019. Climeon is the supplier of modules, and at the same time a minority shareholder of Baseload Capital Sweden (19.9%), which was formed to finance investments in geothermal heat power.

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From the Global Geothermal News archives:

• Thursday, July 5, 2018 - Japan: Swedish Company To Provide 4 Heat Power Modules
• Monday, May 14, 2018 - Japan: Swedish Company Sees Growth in Japanese Geothermal
• Wednesday, January 10, 2018 - Sweden: Geothermal Energy Firm Creates Project Financing Company