Spectra article features Eavor-Loops in Geretsried as a game-changer in clean energy
In a recent article published by Spectra, editor and journalist Ewan Thompson describes how Eavor is unlocking vast potential for geothermal energy in Bavaria. The article highlighted how Geretsried will soon be able to harness heat from deep within the earth to provide its population with reliable baseload energy. A closed-loop system will be able to achieve this because it bypasses the need to search for hot underground aquifers, which costs millions of dollars without the guarantee of discovery. Rather than investing time and money into locating an aquifer, all an Eavor-Loop™ needs is access to hot rock, which is anywhere on the planet. Drilling approximately 4.5 kilometres deep, Eavor will network 260 kilometres of wellbore into a closed-loop system that will act as a reverse radiator, extracting heat from bedrock and circulating it up to the power plant.
Italy-Kenya Business and Investment Forum on Geothermal Concludes
The Italy-Kenya Business and Investment Forum on Geothermal took place on March 27, 2023, with the aim to boost collaboration between Italian and Kenyan businesses in the geothermal energy sector. The forum was organized by the Italian Investment and Technology Promotion Office of the United Nations Industrial Development Organization, with collaboration from the Ministry of Energy and Petroleum of Kenya, the Geothermal Association of Kenya (GAK) and Unione Geotermica Italiana (UGI). The event brought together key players from the Italian and Kenyan geothermal industries, and the participants engaged in discussions on investment opportunities and strategies, with a focus on advancing geothermal energy development in Kenya. Italian companies that have expertise in drilling, power plant construction, and project financing, are projected to help the Kenyan labour force.
Eavor’s Presence in Japan Strengthens as Japanese Media Embrace the Merits of Closed-Loop Systems
Eavor’s technology and potential in Japan have been gaining momentum in capturing the attention of Japanese newspapers and media outlets. Recently, an article from Japanese online publication Energy Frontline interviewed Representative of Eavor Japan James Heatherington, and discussed the viability of Eavor’s technology in a country that has “high potential for geothermal power generation and high expectations for development using this technology.” Additionally, major Japanese newspaper Chunichi Shimbun features both the EUIF investment into Eavor’s Geretsried project and Chubu Electric Power Co. major investment in Eavor Technologies. The article comments: “The geothermal startup company that Chubu Electric Power has invested in has been granted 91.6 million Euro from the EUIF for its first commercial project in Germany, for which Chubu Electric Power has acknowledged the importance of. Electric production is expected to start in the latter half of 2024. This is a new type of renewable energy with high expectations.”
Statistics are showing an increase of professional women entering the energy sector
Energy CFO, business controller, and board advisor Paula Waggoner-Aguilar published a feature article demonstrating that in the last decade, there has been an increase of women pursuing careers in the energy sector. Data has shown that since the COVID-19 pandemic, the number of women finding jobs at energy companies is increasing, especially in renewables. Women working in affiliation with renewable energy make up 32 percent of positions globally. Of this percentage, 45 percent work in administration jobs over STEM related roles. In comparison, women represented 19 percent of the oil and gas workforce in 2021, which is a four percent improvement since its last study in 2018. In 2022, the Center for American Progress found that women represented 25 percent of the total energy workforce, an approximately 17.2 percent increase from PWC’s findings a little over a decade before.
Two Billion Euros to be Invested in future geothermal projects in the Netherlands
The Dutch geothermal sector is to receive a grant of 2 billion Euros, which will be made available for at least 18 new geothermal projects in the near future. Currently, the total number of realized and well-advanced geothermal energy projects in the Netherlands is 50. These projects are estimated to provide direct heating to roughly 7 percent of Dutch households, and that number is projected to rise to 25 percent in the coming years. Hans Bolscher, chairman of Geothermie Nederland commented: “You cannot heat the whole of the Netherlands sustainably with electricity. Fortunately, we are now seeing a clear change when it comes to attention for large-scale sustainable heat production.”
University of Calgary’s geothermal research centre was granted 3 million dollars in funding
Researchers at the Schulich School of Engineering recently received funding that will support investigative work into optimizing geothermal energy systems. The funds will support a four-year $3 million project conducted by the Energi Simulation Centre for Geothermal Systems Research, where Dr. Apostolos Kantzas serves as the associate director and Dr. Roman Shor serves as the Energi Simulation Industrial Research Chair in Geothermal Systems. This funding comes from the Natural Science and Engineering Research Council of Canada (NSERC) and Mitacs, in collaboration with Ashaw Energy, ConocoPhillips, KALiNA Distributed Power, Suncor, Telsec and Terrador Energy, and in partnership with the Alberta Energy Regulator, Alberta Geological Survey, and the Geological Survey of Canada.
Geothermal potential in Austria: Industrie 4.0 sees benefits in Eavor-Loops™ after talks with Daniel Mölk
Technological trail-blazer Industrie 4.0 has featured Eavor in an online article, highlighting many advantages Eavor has in the renewable energy sector and how Advanced Geothermal Systems (AGS) can expedite Austria’s energy self-sufficiency goals. Unlike traditional geothermal and Enhanced Geothermal Systems (EGS), AGS does not rely on access to natural or man-made underground aquifers; therefore, it bypasses the need for in depth exploration or fracking. Using conduction-based technology, Eavor-Loops™ are versatile and scalable because they harvests energy from hot rock rather than aquifers. Geothermal energy and AGS were recently subjects in the “Sustainability Insights” panel, where Industrie 4.0 talked to Executive Vice President Europe Operations Daniel Mölk, discussing his insights on the development and costs of geothermal systems and its future potential for district heating.
Re_Generation lists Eavor as a leading Canadian firm in an energy storage revolution
The next-generation of business professionals are exalting Eavor as one of the top 5 most promising Canadian firms in energy storage innovation. A post made by Re_Generation on LinkedIn indicated that long-duration energy storage is anticipated to be the “Holy Grail” in transitioning to a cleaner electrical grid. Intermittent sources of energy, such as wind and solar, on their own make having a renewable-dominated grid challenging because they are non-dispatchable. This is where Eavor-Loop™ provides an astronomical advantage. The closed-loop system mitigates challenges that intermittent energy sources face because it is not vulnerable to seasonal changes or weather patterns. It’s a reliable source of energy that can be dispatched 24/7 365 days a year.
Bavaria’s Nuremberg Press features Eavor’s success in Geretsried
The Nuremberg Press recently published a detailed article promoting Eavor’s project in Geretsried in hopes that narrating the success might inspire similar future projects in Nuremberg. The article opened by explaining the current state of geothermal energy in Germany, which is limited to conventional residential buildings and only goes to a depth of 100 metres. In comparison, Eavor’s system drills 4,500 meters down, and it networks 60 kilometres of wellbore into a single closed-loop system, where as a total project could be around 260 kilometres. With the anticipated completion by mid-2024, this technology will supply districts within Bad Tölz-Wolfratshausen with clean heat and clean electricity.
Mindfulicity’s Mairi Serpas on Eavor: implementing tools for stronger wellbeing in the workplace
Eavor has teamed up with social enterprise Mindfulicity to continue building a healthy work culture that inspires productivity and innovation. Mindfulicity’s core values were born from support systems and counseling expertise within YWCA Calgary. They believe the skill sets needed to build and maintain healthy relationships – at home, in the community and in our workplaces are crucial. “We’re experts in the field of relationship building, and we’ve just taken those skills and repackaged them in a different way,” said Manager Mairi Serpas.
ThinkGeo Energy Features Eavor’s Cooperation Agreement with Sonoma Clean Energy
ThinkGeo writer Carlo Cariaga recently published an article highlighting the new cooperation agreement between Eavor and Sonoma Clean Power (SCP). This agreement was born from an initiative to expand geothermal development in Sonoma and Mendocino counties orchestrated by California’s Geothermal Opportunity Zone (GeoZone).
GeoZone seeks to promote environmental protection while increasing quality of life and high-quality jobs for locals. Their aim is to build 600 MW of incremental local geothermal capacity across multiple projects to achieve these objectives.
Eavor, along with Cyrq Energy and Chevron New Energies, are SCP’s partners in these projects. In expanding their geothermal projects, the company expects 40% of its energy to come from geothermal resources by 2038.
Eavor Featured in ‘Just Have A Think Video – Geothermal is going global!
Eavor’s Chief Technology Officer, Matt Towes recently joined Dave Borlace on the ‘Just Have A Think’ YouTube channel for an excellent video on how geothermal is going global! ”Geothermal energy has the potential to provide all our human energy requirements for millions of years. The trouble is we just can’t easily get at it other than in areas of volcanic activity or along fault lines in the earth’s tectonic plates. So geothermal energy has always remained a niche energy source – accounting for just 1% of global energy. Now a Canadian company has developed a system that can work profitably anywhere in the world, regardless of geological conditions. This one could be a winner!!”
