The Eavor-Loop™ labelled as revolutionary technology that’s going to “turn the tide” in renewable energy sector
Eavor’s first commercial power plant in Geretsried, Bavaria is being showcased by The World Technology Leader Award as a means to revolutionize the utilization of renewable energy. The World Technology Leader Award is led by Diana Research Pte. Ltd., which is based in Singapore. The research and market intelligence company specializes in the identification and analyses of leaders in technology and innovation around the world. In a recent article the company wrote about Eavor, it begins by highlighting that Eavor’s technology is a sophisticated energy cycle that “metamorphoses into an underground energy storage hub, paving the way for potentially numerous similar systems to store electricity.”
Eavor has the potential to play a major role in solving Germany’s heating difficulties
Described as an under utilized yet nearly endless source of clean baseload energy, the WirtschaftsWoche’s article written by Stefan Hajek describes Eavor’s closed-loop system as the means to break away from niche technology that’s only been used in minimal regions. The article sets the scene at the Geretsried drilling site. Following Fabricio Cesário, project manager of the construction site, insights are given into the intense labour that goes into drilling more than 4500 meters deep into the foothills of the Alps. Penetrating limestone rock, 280 kilometres of horizontal wellbores are connected together to form a massive subsurface heating system. With drilling beginning in August, the two vertical wells could potentially be connected as early as November.
Advanced notice about Chancellor Olaf Scholz learning more about Eavor
On August 24, 2023, German Chancellor Olaf Scholz is to learn more about Eavor’s operations, technology, and construction site in Geretsried, Bavaria. He will be joined by Bavaria’s Prime Minister Markus Söder, Federal Minister of Education and Research Bettina Stark-Watzinger, an assortment of political decision-makers, Canadian government politicians, and other invited guests. Scholz has been expressing great interest in transitioning Germany’s energy landscape in order to distance the country from its reliance on fossil fuels, which was exacerbated by the Russian invasion of Ukraine.
