The European Economic and Social Committee (EESC) is advocating that geothermal energy should be a major component of Europe’s action plan for transitioning to cleaner energy. In an opinion statement published by committee members Zsolt Kükedi and Thomas Kattnig, it was stated the European Commission should “move immediately” in supporting the development of this largely underutilized resource.

The National Bank of Canada demonstrated Eavor’s journey as an example of navigating the toughest phase for cleantech startups—the notorious “valley of death.” Published as an article in the Globe and Mail, National Bank’s Michael Denham, head of commercial and private banking, and Sophie McCormack, managing director in the Private Capital Solutions practice of the Investment Banking division, attribute the “valley of death” as a gap between early-stage venture capital and larger-scale growth equity.

John Redfern, President and CEO of Eavor, joined the Prospector Podcast to discuss how Eavor is redefining geothermal energy and addressing global energy challenges. Unlike traditional geothermal methods that rely on aquifers, Eavor’s closed-loop system removes the impact of geological constraints, making its performance and production highly predictable.

The push for energy autonomy in Ukraine is gaining momentum as Geothermal Ukraine, an organization that has strong incentives to utilize geothermal energy, commits to expanding geothermal development and garnering collaboration with international professionals.

Germany’s utility companies are increasingly backing geothermal energy as a key resource in the country’s renewable transition, with industry leaders like Stadtwerke München (SWM) and Deutsche ErdWärme expressing support for the proposed Geothermal Energy Acceleration Act (GeoWG).

Matt Mailloux from ClearPath, a nonprofit dedicated to advancing clean energy innovation, is spotlighting Eavor’s closed-loop technology as a promising solution to enhance U.S. energy capacity by providing reliable, 24/7 power.