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Ignis H2 Energy raised $12.5M in a Series A funding round led by alfa8 to advance its risk-balanced geothermal portfolio.

PRIVATEFeb 19, 2025over 1 year ago

Amount Raised

$12.5 Million

Round Type

series a

HoustonEnergyRenewable Energy

Investors

Nabors IndustriesAlfa8

Description

Ignis H2 Energy has successfully completed the first close of its Series A funding round, securing $12.5 million from various investors. This funding will support the company's commitment to sustainable geothermal energy projects worldwide.

Company Information

Company

Ignis Energy

Location

Houston, Texas, United States

About

Ignis H2 Energy Inc. is also known as Ignis Energy. Ignis Energy is a geothermal exploration and development startup focused on providing affordable and sustainable baseload geothermal energy. The company manages a risk-balanced portfolio of geothermal opportunities globally, leveraging proven technologies and expertise from the oil and gas sector. Ignis Energy is pioneering the use of advanced machine learning models to enhance the efficiency of geothermal resource exploration. Their goal is to develop one gigawatt of geothermal reserves by 2030.

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