ignis H2 Energy completed $13.6 million Series A Round funding
Sector:
Energy
06/25/2025
Houston, TX USA
ignis H2 Energy
completed $13.6 million Series A Round funding. Investors include
alfa8 (lead), Twynam.
Ignis Energy is building a globally diversified, risk-balanced geothermal portfolio focused on near-term viability and long-term growth. The company specializes in locating, de-risking, and delivering commercially viable geothermal power. The capital secured in this round enables key projects to reach technical maturity and prepare for capital-intensive development phases. “In a market chasing breakthrough headlines, Ignis Energy brings the spotlight back to the geology,” said Richard Calleri, CEO, Ignis Energy. “Without proven heat in the ground, there’s nothing to scale. Ignis finds it, proves it, and produces it.”
About
Unlike other start-ups in the geothermal industry, we do not focus on a single technology or opportunity but rather manage a risk balanced portfolio of different power producing opportunities around the globe in high enthalpy environments. This provides a broader diversification while applying proven technology and allowing shared learnings from our esteemed panel of geothermal experts across the portfolio.
“We are striving to provide a cleaner future that commits us to develop affordable, reliable, and sustainable baseload geothermal energy.”
“We leverage our vast experience from the Oil & Gas industry to augment the geothermal development chain from exploration to exploitation.”
“We are connecting with the right ideas, proven technologies and market leading companies to build a risk balanced portfolio, to increase reliability and efficiency in geothermal energy delivery while remaining technology agnostic.”
Ignis H2 Energy is advancing a portfolio around the globe of 1GW of documented producible geothermal reserves by 2030. A rigorous opportunity review process leads to a risk balanced portfolio that is
• Geographically diverse
• Geologically diverse
• Geopolitically diverse
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