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.
Redfern further explains the success of Eavor’s proof of concept, demonstrated through projects like Eavor-Lite™ and Eavor-Deep™, which gained support from banks and investors, and led to commercialization in Germany.
Listen to the full segment here.
