Growth Capital • Renewable Energy

Kerogen Capital Invests In Geothermal Energy

On May 20, 2021, private equity firm Kerogen Capital invested in renewable energy company Geothermal Energy

Investment Context
  • This is Kerogen Capital’s 2nd transaction in the Renewable Energy sector.
  • This is Kerogen Capital’s 2nd transaction in Norway.

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Investment Summary

Date May 20, 2021
Target Geothermal Energy
Sector Renewable Energy
Investor(s) Kerogen Capital
Deal Type Growth Capital

Target Company

Geothermal Energy

Lysaker, Norway
Geothermal Energy develops and operates renewable heat projects for both commercial and residential customers from deep energy wells, using a proven and cost-competitive concept of circulating water in closed-loop single well systems. Geothermal Energy is based in Lysaker, Norway.
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Investor Overview 1

Investor

Kerogen Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Kerogen Capital is a provider of growth and development capital to small and medium-sized oil and gas companies. Kerogen primarily focuses on the upstream oil and gas sector serving demand from Asia. Geographic areas of focus predominantly span South East Asia, Central Asia, and select countries in the Middle East and Africa. Kerogen Capital has offices in Hong Kong and London.


Deal Context for Investor #
Overall 11 of 14
Sector: Renewable Energy 2 of 2
Type: Growth Capital 8 of 11
Country: Norway 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Yeager Energy

Leiden, Netherlands

Yeager Energy is focused on developing and operating conventional geothermal producer-injector doublet systems and district heating networks for application in residential, industrial, and greenhouse horticulture sectors. Yeager Energy was founded in 2018 and is based in Leiden, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 EcoCeres

Hong Kong, China

EcoCeres is a biomass utilization company operates in the businesses of Bio-Grease Utilization and Agricultural Waste Utilization. EcoCeres is based in Hong Kong, China.

Buy -