Eavor becomes the #1 geothermal energy startup company in the world
A new update from energystartups.org places Eavor as the top geothermal energy startup in the world, a monumental achievement underlined by $365.3 million in accumulative funding. Eavor has garnered generous investments from global energy investors, developers, and venture capital funds since its inception, including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, OMV, the Canada Growth Fund (CGF), and Microsoft.
Eavor CEO John Redfern was interviewed by QR Calgary’s The Drive.
Redfern described how Eavor’s origins are rooted in repurposing abandoned oil wells in Alberta, and how the company leveraged oil and gas expertise to galvanize the success of closed-loop geothermal. Global underutilization of geothermal prompted Eavor’s team to challenge notions of high costs and risks associated within the sector, aiming to demonstrate how geothermal technology can be scaled globally.
