Eavor successfully hosted its inaugural Partner Summit at the Geretsried site on September 11-12, bringing together current and prospective partners for an exclusive tour of Eavor’s first commercial project. The summit welcomed over 120 attendees from across the globe, including Japan, New Zealand, Taiwan, North and South America, and various European countries. With crucial support from Eavor GmbH, the event toured a diverse array of participants, from investors to vendors, government officials, business leaders, and researchers.

Eavor has become Calgary Climate Hub’s newest sponsor, helping to foster grassroots efforts for local climate action within Calgary communities. As a Calgary-based clean energy company, Eavor recognizes the importance of fostering innovation to develop practical and pragmatic strategies for the future. Additionally, the company acknowledges the impact that local communities have in driving global change.

Eavor’s closed-loop technology, featured in an article detailing the significant benefits of advanced geothermal technology, is described as an example of innovative deep drilling methods that are making geothermal energy cost-effective and accessible. Written by Danilo Onorino, the global energy portfolio manager of Dogma Capital SA, the article highlights the importance of new deep drilling technologies in overcoming the challenges associated with accessing geothermal energy. Traditional geothermal methods often struggle with the hard, abrasive rock formations found at great depths, which can slow down drilling and increase costs.

Dr. PohHui Chia, Director at Vickers Venture Partners, emphasized the firm’s mission to invest in deep tech companies that tackle critical global challenges while generating meaningful social and environmental impacts; and exemplified Eavor as a company that can help achieve those goals. The article explains Eavor’s aim to provide a clean, consistent energy source without emissions, fracking, or a significant surface footprint. Therefore, Eavor’s technology mitigates challenges traditional geothermal sources have faced in the past, the most prominent being global scalability.

The 2024 Future of Climate Tech report by Silicon Valley Bank highlights significant advancements in geothermal technology and the Department of Energy’s initiatives aimed at drastically reducing production costs, potentially establishing geothermal energy as a key baseload power source. The 2024 Future of Climate Tech report by Silicon Valley Bank highlights key trends and innovations in cleantech for the past year; notably, the Department of Energy’s (DOE) recent initiatives that could dramatically reduce geothermal production costs. Initiatives such as these could position geothermal technologies as a vital baseload power source.

An article written by Bundesverband Geothermie, aimed to promote their new municipal heat planning campaign, emphasizes the dual benefits of boosting the economy and creating climate-friendly energy solutions. This resource is believed to be especially promising for regions like Upper Rhine Graben, southern Germany, and Rhine-Ruhr. To utilize this, the article argues that municipal heat plans are crucial, placing the responsibility on cities and municipalities. Geothermal energy is said to be integral to these plans due to its significant potential for decarbonization.