Jordkraft
Jordkraft is a Swedish company founded in 2023 that develops modular 5 MW closed-loop geothermal power plants using 5–8 km deep drilling, targeting industrial, municipal, data center, and EV charging customers in Sweden and Europe with continuous, weather-independent baseload electricity.
- Company typePrivate
- Founded2023
- HeadquartersStockholm, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Jordkraft does
Jordkraft Energy AB is a Swedish private limited company founded in 2023 by Johan Asplund (CTO), Jessica Friberg (CEO), and the late Anders Myrbäck. The company is developing modular, small-scale geothermal power plants that drill 5–8 km into Scandinavia's crystalline bedrock to reach temperatures of 300–400°C, circulate water in a sealed closed-loop system, and produce dry steam at 200 PSI to drive turbines. Each plant is designed to deliver 5 MW of baseload electricity 24/7 on a footprint of approximately 150 m², with a stated target cost of ≤25 öre/kWh and ≥95% availability. Proprietary components include heat-resistant composite tubing, a titanium diffusor, and a pressure-controlled steam well system; the company holds a patent-pending filing on the closed-loop architecture. Supporting the hardware is JordMod™, an AI-based simulation tool co-developed with Sigma Technology Insight Solutions and KTH for optimal drilling-site selection.
Jordkraft sells turnkey geothermal power plants and related engineering services to heavy industry, municipalities, data centers, and EV charging infrastructure operators, with secondary exposure to critical infrastructure via the Innovate Ukraine II consortium. Its go-to-market is enterprise direct sales supplemented by event-driven demand generation (TECHARENA, Almedalen, DI Energi, Mid Nordic Demo Day), thought-leadership publications, and academic partnerships with KTH. The company operates from Stockholm with a planned pilot project in Näs, Gotland, and has stated a long-term vision of deploying hundreds of plants across Europe.
The current operating footprint is small — six employees, including a leadership team with prior experience at Maersk Drilling, Unilever, Trygg-Hansa, and Aegis Media. No revenue, funding rounds, or customer contracts are disclosed; the company is pre-commercial, with pilot validation and the Ukraine consortium project in progress as the primary near-term milestones. Anders Wallqvist (CEO of Thinc Collective / Nowa Empower) was elected Chairman of the Board in July 2025.
Jordkraft firmographics
Firmographics- Name
- Jordkraft
- Legal name
- Jordkraft Gotland AB
- Website
- https://jordkraft.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Jordkraft is a Swedish company founded in 2023 that develops modular 5 MW closed-loop geothermal power plants using 5–8 km deep drilling, targeting industrial, municipal, data center, and EV charging customers in Sweden and Europe with continuous, weather-independent baseload electricity.
- Ownership category
- akta.pro rank
Jordkraft industry classification
Industry- Product category
- Geothermal Power Generation
- NAICS
- Geothermal Electric Power Generation (221116), Geophysical Surveying and Mapping Services (541360)
- SIC
- Drilling Oil & Gas Wells (1381), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Closed-Loop Geothermal Power Generation (Advanced Geothermal Systems) (EUACAHAE)
- akta.pro secondary industries
- Geothermal Power Plant Development & IPP (Permitting, Financing, Project Development) (EUAMAEAD), Geothermal Drilling & Well Construction (Production/Injection, Directional, Well Services) (EUAMAEAB), Geothermal Power Generation Operations & Maintenance (Plant O&M, Performance Optimization) (EUAMAEAF)
Keywords
Where Jordkraft is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Jordkraft business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Geothermal Power Plant Sales (Turnkey): Sale of complete, ready-to-operate geothermal power plants including installation, technical equipment, and training for operating personnel. Complete bundled offering targeting industrial, community, and infrastructure customers seeking energy independence.
- Electricity Generation and Sales: Direct electricity production and sale from owned/operated geothermal plants. Cost per kWh of ≤25 öre provides competitive pricing vs other renewable sources. High availability (≥95%) ensures consistent revenue generation.
- Pilot Project Development: First full-scale pilot project planned for 2025 in Näs, Gotland. Model testing and optimization to ensure and refine technology before broader commercialization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Geothermal electricity production cost ≤25 öre/kWh |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Jordkraft product offering
Product offeringCore offering
Jordkraft develops and sells small-scale, modular 5 MW geothermal power plants that generate continuous, weather-independent baseload electricity using a proprietary closed-loop deep-drilling system reaching 300–400°C at 5–8 km depth. Each plant occupies ~150 m², produces enough power for ~4,000 households, and is delivered as a turnkey solution including drilling, heat-resistant composite tubing, titanium diffusor, steam well, turbine/generator building, installation, and operational training. The offering is complemented by JordMod™, an AI-based simulation tool for drilling site and depth optimization.
Product overview
Jordkraft offers a portfolio of geothermal energy solutions centered on small-scale, modular power plants producing 5 MW each. The core offering consists of the Jordkraft Geothermal Power Plant, a turnkey system including deep borehole drilling technology (reaching 5-8 km depth where temperatures reach 300°C–400°C), heat-resistant composite tubing, titanium diffusors, steam wells, and turbine/generator installations in 150 m² buildings. Supporting this is JordMod™, an AI-based simulation tool developed with Sigma Technology and KTH that enables optimal site selection and depth calculation for drilling projects. The company also provides installation, technical equipment, and operational training as part of its complete offering. Cost per kWh is ≤25 öre with ≥95% availability.
Differentiator
Problem solved
Functional benefit
Products and services
- Jordkraft Geothermal Power Plant Small-scale, modular, turnkey 5 MW geothermal electricity generation system producing renewable, fossil-free power 24/7 independent of weather. Each plant occupies approximately 150 m² and is sufficient to power 4,000 households. Delivered with deep borehole drilling (5–8 km depth at 300–400°C), heat-resistant composite tubing, titanium diffusor, steam well, turbine/generator building, installation, and operational training. Targeted at industrial facilities, municipalities, data centers, and EV charging operators seeking energy self-sufficiency.
- JordMod™ AI Simulation Tool AI-based simulation tool for deep drilling calculations developed with Sigma Technology Insight Solutions and KTH. Identifies optimal drilling locations and computes required depths to reach target temperatures, enabling more precise and cost-effective planning of geothermal power projects. Provides predictive analytics and numerical modeling of heat transfer from deep crystalline bedrock to high-temperature closed-loop systems.
Quantifiable outcome
- 5 MW power output per plant - sufficient for 4,000 homes
- +4 more outcomes
Companies that use Jordkraft
Customer profileSegments5 records
Ideal customer profiles5 records
Jordkraft technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
Jordkraft partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered major, core and supporting.
- Thinc CollectivemajorAnders Wallqvist, Chairman of Jordkraft's board, is CEO of Thinc Collective and partner/owner of Jordkraft. Thinc Collective is a listed company (Nowa Empower parent) that represents the broader corporate network Jordkraft operates within.
- GA DrillingcoreMemorandum of Understanding combining complementary technologies for deep geothermal energy. GA Drilling develops solutions for accessing deep geothermal resources in hard rock at great depths with autonomous operation capability. Jordkraft provides modular closed-loop system for converting heat to stable, fossil-free electricity. Partnership addresses core challenge of reaching heat resources in northern Europe where geology makes access difficult and costly.
- KTH Royal Institute of TechnologycoreDeepened collaboration on geothermal electricity research and development through letter of intent covering technology development, market analysis and modeling, component design and prototype work. Includes student exchanges, thesis projects, internships, and joint funding applications. KTH conducted pre-study examining how Jordkraft's system can be built and function in practice.
- Sigma Technology Insight SolutionscoreDevelopment partnership creating JordMod™ AI-based simulation tool for deep drilling calculations. Sigma Technology contributes ML, IoT, sensor data and visualization expertise. Tool enables faster identification of suitable drilling locations and required depths for target temperatures, improving cost-effectiveness and precision of project planning.
- GetechcoreLead partner in Innovate Ukraine II consortium application led by Getech (energy resource locator) and UGV (part of Naftogaz group). Getech provides expertise in geothermal prospecting, gravimetric and magnetic data, and geoscientific analysis. Consortium includes academic and industrial partners from UK, Ukraine, Poland, and Lithuania.
- UGV (Naftogaz Group)majorPart of multinational consortium within UK government initiative Innovate Ukraine II. UGV (part of Ukrainian national oil and gas company Naftogaz) brings expertise in Ukrainian energy sector and infrastructure. Project aims to technically validate next-generation geothermal technology using existing dry hot wells in western Ukraine.
- Jernbro Industrial ServicessupportingIndustrial services partner collaborating with Jordkraft on development of geothermal electricity production. Jernbro provides industrial expertise and services supporting implementation of geothermal projects.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Jordkraft competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Jordkraft social profiles
Digital presenceJordkraft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jordkraft leadership team
Management profileNumber of profiles
Profiles9 records
Jordkraft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jordkraft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jordkraft
What does Jordkraft do?
Jordkraft develops and sells small-scale, modular 5 MW geothermal power plants that generate continuous, weather-independent baseload electricity using a proprietary closed-loop deep-drilling system reaching 300–400°C at 5–8 km depth. Each plant occupies ~150 m², produces enough power for ~4,000 households, and is delivered as a turnkey solution including drilling, heat-resistant composite tubing, titanium diffusor, steam well, turbine/generator building, installation, and operational training. The offering is complemented by JordMod™, an AI-based simulation tool for drilling site and depth optimization.
Is Jordkraft a public or private company?
Jordkraft is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Jordkraft founded?
Jordkraft was founded in 2023. It employs 1 to 10 people.
Where is Jordkraft based?
Jordkraft is headquartered in Stockholm, Sweden, in the Europe region.
How does Jordkraft make money?
Three revenue lines are on record. Geothermal Power Plant Sales (Turnkey) is the primary driver. The others are electricity Generation and Sales and pilot Project Development.
Does Jordkraft have an API?
No public API is recorded for Jordkraft.
What industry is Jordkraft in?
Jordkraft's product category is Geothermal Power Generation. Its primary akta.pro industry code is EUACAHAE, Closed-Loop Geothermal Power Generation (Advanced Geothermal Systems), with a secondary code of EUAMAEAD, Geothermal Power Plant Development & IPP (Permitting, Financing, Project Development). Its NAICS code is 221116 and its SIC code is 1381.