Ignis H2 Energy develops geothermal power-producing projects across multiple high-enthalpy regions, leveraging oil-and-gas expertise and a panel of geothermal specialists. The company is technology-agnostic and focuses on opportunities that can be developed with today’s proven geothermal technologies. Ignis applies cutting-edge machine learning models to predict, locate, and explore geothermal resources more efficiently, aiming to lower drilling risk and improve outcomes. Its portfolio includes opportunities in Turkey, Alaska, California, Nevada, Italy and other global sites. The company is targeting the development of one gigawatt of documented producible geothermal reserves by 2030. Financially, Ignis announced a Series A first close of $12.5 million to advance its exploration and development pipeline.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2025