Ignis Energy has closed a $13.6M Series A funding round led by alfa8. This investment will facilitate key projects in the USA and Türkiye as the company expands its geothermal development efforts.

Jun 25, 2025•2 months ago

Amount Raised

$13.6 Million

HoustonRenewable EnergyEnergy

Investors

GeologThe Twynam GroupNabors IndustriesAlfa8

Description

Ignis H2 Energy Inc. announced the final close of its Series A funding round, securing $13.6 million from various investors, including alfa8 and Nabors Industries. This capital will enable key projects to achieve technical maturity. Ignis Energy focuses on creating a globally diversified geothermal portfolio

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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