Chevron Technology Ventures (CTV), a unit of Chevron Corporation has announced an investment in Baseload Capital AB, a Sweden-based private investment company. Baseload Capital is a specialized investment entity that funds the deployment of heat power worldwide.
- Baseload Capital Company focused on development and operation of low-temperature geothermal and heat power assets.
- Chevron Technology Ventures (CTV) identifies externally developed technology with the potential to enhance the way Chevron produces and delivers affordable, reliable and ever-cleaner energy now and into the future.
- Heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.
- This investment round includes existing Baseload Capital investors Breakthrough Energy Ventures and Sweden-based investment group Gullspang Invest AB.
The prominent deals and agreements by Chevron are featured below:
August 2020: Algonquin a North American leader in the generation of renewable energy had announced an agreement with Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation to co-develop renewable power projects in the USA.
July 2020: Chevron Corporation had signed an agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble for approximately $5 billion. Noble Energy brings low-capital, cash-generating offshore assets in Israel after completion of transaction.
June 2020: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it had completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. The acquisition adds a network of more than 360 company-owned and retailer-owned service stations, a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots to Chevrons Australian portfolio.
December 2019: Chevron Corporation announced that it had sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industrys first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000 psi, also enables access to other high-pressure resource opportunities across the Gulf of Mexico for Chevron and the industry.
Chevron Corporation, headquartered in San Ramon, the USA, is one of the worlds leading integrated energy companies. The company explores, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives.