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Baseload Capital launches new geothermal power plant in Japan, expanding its presence in the country’s untapped geothermal sector

Bill Gates-backed Baseload Capital has commissioned its second geothermal power plant in Japan, marking further expansion into a market with significant untapped geothermal resources. By : Robert Buluma   Image :  Kazuyuki Akaishi, manager at Furusato Netsuden and Anders Helling, CEO at Baseload Capital. Press photo ., Credit :  Imapct loop The Waita Model: How a Swedish-Backed Startup Just Cracked Japan's Geothermal Code KUMAMOTO / STOCKHOLM — In the misty highlands of Kumamoto Prefecture, on the southern island of Kyushu, a quiet revolution in renewable energy has just switched on. On June 4, 2026, Stockholm-based  Baseload Capital officially commissioned its second geothermal power plant in Japan: Waita No. 2. While a 4.995 MW facility might seem modest compared to a nuclear reactor or an offshore wind farm, the financial and political ramifications of this event are seismic. For decades, Japan has been described as the "Saudi Arabia of geothermal." The archipel...

Strandeiland’s Silent Breakthrough: SCAN’s Successful Geothermal Research Drilling in Amsterdam

The SCAN Geothermal Research Well That Could Redraw Amsterdam’s Heat Future

For most people walking across Strandeiland in Amsterdam today, nothing looks unusual. No drilling rig. No heavy machinery. No fenced-off work zone. No signs of an industrial operation that recently took place.

And yet beneath that calm surface, something major has happened.

A geothermal research drilling campaign, carried out under the SCAN programme, has been successfully completed , and it may quietly become one of the most important steps in determining whether the Amsterdam–Diemen–Almere region can unlock aardwarmte (geothermal heat) as a cornerstone of its clean heating future.

The Rig is Gone , But the Data Remains

The SCAN research drilling site on Strandeiland has now been fully dismantled, with the land returned to its original state. SCAN reports the operation as a success, praising the smooth collaboration with the Municipality of Amsterdam and other regional partners.

This is the kind of geothermal progress that doesn’t create headlines with steam clouds and power plant inaugurations , but in reality, it is the foundation work that makes future geothermal investments possible.

Because in geothermal development, data is everything.

You don’t drill a multi-million-euro production well based on hope. You drill it based on confirmed subsurface knowledge ,temperatures, permeability, reservoir thickness, and geological structure. That’s exactly what SCAN set out to collect at Strandeiland.

Why This SCAN Well Matters

Unlike commercial geothermal projects that aim to immediately produce heat, the SCAN drilling was strictly an exploratory scientific and technical operation.

Its purpose is to answer one big question:

Does this region have subsurface conditions suitable for economically viable geothermal heat development?

This matters hugely because the Netherlands especially dense urban areas like Amsterdam faces a difficult energy challenge:

Heating demand is enormous
Electrifying all heating is costly and grid-intensive
Natural gas reduction is urgent
District heating requires reliable baseload sources

That is where geothermal heat becomes a strategic option: stable, local, clean, and capable of feeding heat networks for decades.

But geothermal is not guesswork. It must be proven.

And Strandeiland is now a proven data point.

Public Data Release: A Major Win for the Sector

One of the most powerful announcements in SCAN’s update is that all research outcomes will be made publicly accessible within the next six months, hosted on NLOG.nl.

This is extremely important.

Public subsurface datasets reduce risk, increase investor confidence, and accelerate geothermal adoption because:

municipalities can plan district heating with stronger evidence
provinces can map geothermal potential more accurately
developers can identify prospects with less uncertainty
the industry avoids repeating expensive early-stage exploration

In short: open geothermal data is a catalyst for heat transition speed.

SCAN Will Not Develop Projects , And That’s the Point

SCAN clearly states that it will not initiate geothermal projects itself.

This is not a limitation , it’s a design advantage.

SCAN’s role is to de-risk geothermal development by building the knowledge base. Once the subsurface potential is better understood, it becomes easier for:

municipalities
provincial authorities
district heating companies
private developers
energy utilities

…to take the next step: feasibility studies, project structuring, permitting, and eventually production drilling.

However, SCAN also emphasizes an important reality:

Further research is needed to determine economic feasibility.

Geothermal can be technically possible but economically difficult , depending on drilling depth, reservoir productivity, temperature, and local heat market conditions.

So while this successful drilling is a breakthrough, it is also a beginning.

Financing and Delivery: Strong Institutions Behind the Work

The SCAN programme is financed by the Ministry of Climate and Green Growth, with execution led by two heavyweight institutions:

EBN (Energie Beheer Nederland)
TNO (Netherlands Organisation for Applied Scientific Research)

This combination matters. It signals that geothermal in the Netherlands is being treated as a serious national energy strategy , not a niche experiment.

A Quiet Turning Point for Amsterdam’s Heat Transition

If geothermal potential in this region is confirmed and economically viable, Strandeiland could become remembered as the place where Amsterdam’s geothermal future moved from concept to evidence.

It’s easy to underestimate these research drillings because they don’t immediately produce heat. But geothermal is not like solar or wind ,where you can deploy quickly on the surface.

Geothermal is deep, expensive, and unforgiving.

That is why each successful research drilling is not merely a technical milestone , it is a risk-reduction victory, and risk reduction is what unlocks capital.

The Bigger Picture: A Blueprint for Urban Geothermal Development

Strandeiland also demonstrates a model that many cities worldwide will need to replicate:

1. Conduct research drilling in a targeted search area
2. Collect high-quality geological and reservoir data
3. Publish results publicly to strengthen planning
4. Allow public and private actors to develop projects based on evidence
5. Scale geothermal heat into district heating networks

This is how geothermal becomes urban infrastructure.

Not by hype, but by disciplined subsurface intelligence.


Final Thought

Today Strandeiland looks quiet.

But beneath the silence, the Netherlands is building something powerful: the data foundation for a geothermal heating future — one that could reduce fossil dependence, stabilize heating prices, and support Amsterdam’s long-term sustainability goals.

The rig is gone.

But the heat transition just drilled deeper.


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