# Richard Calleri

> Richard Calleri is the founder and CEO of Ignis H2 Energy and the owner and CEO of GEOLOG. After eleven years in investment banking, including an executive director role at Goldman Sachs in London, he moved into energy services and geothermal development. Ignis applies exploration data and a portfolio approach to geothermal projects across multiple countries.

- **Role:** Founder & CEO at ignis H2 Energy Inc.
- **Organizations:** ignis H2 Energy Inc., GEOLOG International, GeoAlaska LLC, Bardasz, Goldman Sachs, Citi, Credit Suisse
- **Education:** BSc (Hons) in Economics, City University, London, MBA, University of Chicago Booth School of Business
- **Known for:** Led GEOLOG during its 2020 acquisition of Nabors’s US mudlogging assets., Founded the geothermal exploration and development company Ignis H2 Energy., Led Ignis during its $13.6 million Series A funding round, which closed in June 2025.

## Career timeline

- **Before GEOLOG** — Spent eleven years in investment banking across mergers and acquisitions, leveraged finance and restructuring; his final banking role was Executive Director at Goldman Sachs in London.
- **2020** — As GEOLOG CEO, announced the acquisition of Nabors’s US mudlogging assets.
- **2021** — Founded Ignis H2 Energy; the company records incorporation on September 9.
- **2023** — Ignis and GeoAlaska established a cooperation agreement for Mount Augustine.
- **2025** — Ignis closed its $13.6 million Series A in June and reported successful Kaynarpınar well tests in December.
- **2026** — Bardasz announced his appointment to its board on May 1; he also serves as GeoAlaska board chairman.

## Achievements

- Led GEOLOG during its 2020 acquisition of Nabors’s US mudlogging assets.
- Founded the geothermal exploration and development company Ignis H2 Energy.
- Led Ignis during its $13.6 million Series A funding round, which closed in June 2025.
- Appointed to the Bardasz board, announced in May 2026.

## Latest updates

- **2026-06** — Clean Energy Alliance announced a letter of intent involving Ignis’s Weepah Hills project in Nevada.
- **2026-05** — Bardasz announced Calleri as one of its newly appointed board directors.
- **2026-03** — CERAWeek listed Calleri and Marcus Oesterberg for a March 25 session on reducing geothermal development risk through data and disciplined investment.
- **2025-12** — Ignis reported successful YDS-1 tests: 80°C wellhead temperature and 85°C at 740 meters, with artesian flow.

## Links

- Website: https://ignisenergy.com/
- LinkedIn: https://www.linkedin.com/in/richardcalleri/

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Profile page: https://yespress.io/richard-calleri
Published by YesPress — https://yespress.io
Last updated: 2026-10-14