Alberta Innovates recently published an article on Eavor’s advantage in geothermal cleantech. Alberta Innovates supports research, the growth of business and helps start-ups build new technology. They supported Eavor with funding to help solve the problem of scalability and speed up the development of geothermal solutions.
“Eavor is building on Alberta’s expertise in energy, drilling, and engineering to grow clean geothermal technology in the province. Since Eavor-Lite™ is the only operating asset of its type, it provides Eavor with some important advantages in the geothermal industry. New approaches, engineering changes, and trials can be tested in real operating conditions.”
The article suggests the Eavor-Lite™ Demonstration Facility is Eavor’s most effective negotiator. It provides the opportunity to tour potential investors and buyers through the facility to show geothermal solutions in the real world, as opposed to on paper.
The initial investment and validation from Alberta Innovates is said to have “opened the doors to the private sector and federal participation.” As mentioned in the article, “Now, Eavor-Lite™ is a tangible advantage in the geothermal industry, helping to advance engineering solutions, create jobs, and securing sales in Alberta’s growing clean-tech industry.”