The European Commission Narrates The Eavor-Loop Story
In the context of rising temperatures worldwide, the EU has committed to achieving climate neutrality by 2050, and intends to transition away from carbon-based fuels to renewable energy sources. According to the Director-General for Climate Action Kurt Vandenberghe, one of the biggest challenges in achieving that goal is scalability, as the reliability of intermittent sources are susceptible to weather patterns and daylight hours.
Calgary Ranked Among the Top in the World for Cleantech Ecosystems
Eavor’s base city, Calgary, has been recognized as one of the top cleantech ecosystems in the world according to the Startup Genome report. The report, unveiled at COP28 in Dubai, identified Calgary as an ‘ecosystem to watch’ on a global scale, as it earned a spot within the Global Cleantech Top 35 ranking. Startup Genome, a San Francisco-based policy advisory and research firm, placed Calgary’s achievement alongside well-established cleantech hubs such as Silicon Valley, Los Angeles, Boston, New York City, and Vancouver, affirming Calgary’s pivotal role in shaping the future of clean technology. The report states that among the $34.6 billion global average, Calgary’s ecosystem is valued at $5.2 billion.
