Ignis Energy Announced Final Close of $13.6M Series A Round To Advance Global Geothermal Exploration Portfolio

HOUSTON, June 26, 2025 (GLOBE NEWSWIRE) -- Ignis H2 Energy Inc. ("Ignis Energy"), a geothermal exploration and development company, announced the final close of its Series A funding round, securing $13.6 million from a global consortium of investors. This milestone builds on the initial close announced in February, which was led by sustainable energy investor alfa8 and included drilling contractor Nabors Industries, climate technology investor The Twynam Group, GEOLOG, and several private investors and family offices.

Ignis Energy is building a globally diversified, risk-balanced geothermal portfolio focused on near-term viability and long-term growth. The company specializes in locating, de-risking, and delivering commercially viable geothermal power. The capital secured in this round enables key projects to reach technical maturity and prepare for capital-intensive development phases.

"In a market chasing breakthrough headlines, Ignis Energy brings the spotlight back to the geology," said Richard Calleri, CEO, Ignis Energy. "Without proven heat in the ground, there's nothing to scale. Ignis finds it, proves it, and produces it."

"Ignis has demonstrated strong execution on its strategy and is already moving rapidly onto the next milestones," said Guillermo Sierra, VP, Strategic Initiatives, Nabors Industries. "Their commercial focus and speed stand out, and we look forward ...