What does Ignis Energy do?
Ignis Energy is a geothermal exploration and development firm that creates commercially viable geothermal projects in the U.S., Türkiye, Indonesia, and Italy using a region-first, technology-flexible model that enables early de-risking and smarter project development.
How much did they raise?
The company raised $13.6M in a Series A round led by alfa8, with participation from Nabors Industries, The Twynam Group, GEOLOG, and several private investors and family offices.
What are their plans for the money?
Ignis Energy plans to use the funds to expand its operations and extend its business reach, which could accelerate the development of high-priority geothermal assets in the U.S. and Türkiye, enhancing its market position and impact in the renewable energy sector.
What have they achieved so far?
The funding follows an initial close in February that set a strong foundation, showcasing early progress with key partnerships and demonstrating promising developments in their geothermal projects.