{"id":35627,"date":"2025-04-15T03:00:00","date_gmt":"2025-04-15T03:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4664892_AE64892_0"},"modified":"2025-04-15T03:00:00","modified_gmt":"2025-04-15T03:00:00","slug":"major-step-for-geothermal-energy-in-asia-baseload-capital-and-google-forge-corporate-ppa","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=35627","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 15, 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. <\/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> said 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

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,c4135953<\/a><\/p>\n

The following files are available for download:<\/p>\n","protected":false},"excerpt":{"rendered":"

Long-term partnership to supply Google’s operations in Taiwan with clean, firm geothermal energy-setting a new standard for the tech industry. STOCKHOLM, April 15, 2025 \/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. As AI and hyperscale data […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-35627","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nMajor step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=35627\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA - My Blog\" \/>\n<meta property=\"og:description\" content=\"Long-term partnership to supply Google’s operations in Taiwan with clean, firm geothermal energy-setting a new standard for the tech industry. 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