fbpx

Eavor considered a “high-reward” contender to revolutionize geothermal energy

Emissions Reduction Alberta’s (ERA) new documentary, celebrating 15 years of funding groundbreaking clean technologies, features CEO John Redfern and highlights how ERA’s investment helped export Eavor’s Next-Generation Geothermal technology to the world. With an initial $1 million investment from ERA for testing at Eavor-Lite™, Eavor was then able to secure venture capital, gather hundreds of millions in investments, and commence a commercial project in Germany.

Eavor extracting heat that could be used to “solve the climate crisis”

The June 2024 issue of Aventine’s newsletter featured an interview with CEO John Redfern, highlighting the technological and investment breakthroughs Eavor has achieved to unlock vast energy potential. Geothermal energy has been considered a niche power source for decades; however, thanks to innovations borrowed from the oil and gas industry, Next-Generation Geothermal plants are harnessing this energy source with greater efficiency.

Get In The Loop