Our first investment opportunity will be a geothermal power plant in Iceland that engages several partners. Climeon, a Swedish-based energy company, makes turbine units that can generate and store power produced from heat and steam. Its investors include Breakthrough Energy Ventures, backed by Bill Gates. Richard Branson, and Jeff Bezos.
RO2 will provide financing for the purchase of Climeon units and project implementation costs. Varmaorka will oversee compliance and permits for the power plant, construction and ongoing maintenance. RO2 will offer on its financial platform units of that investment (broken down into kWh) to companies and individuals.