An opinion piece by Susan Rohac, Managing Partner of the Climate Tech Fund at BDC Capital, listed Eavor as a company Canada can look to for inspiration on drastically reducing CO2 emissions and achieving net-zero goals.
After Canada soared to second place on the Global Cleantech Innovation Index in 2021, 12 of the top 100 spots on the Cleantech Group’s 2022 Global Cleantech 100 were Canadian companies, Eavor being one of them. The article attributes this as an impressive achievement considering that Canada only produces 1.4 percent of the world’s GDP.
While eight nations have already achieved net-zero carbon emissions, primarily due to their expansive forests acting as carbon sinks, the movement toward carbon neutrality extends beyond government efforts. In fact, 622 of the world’s largest publicly traded companies have pledged to reach net-zero. Furthermore, a group of 700 of the world’s largest institutional investors are collectively overseeing assets valued at $68 trillion.
According to the article, many companies need to provide a reliable and predictable path towards profitability in order to accumulate interest from big global investors. The path from laboratory innovation to full-scale commercialization is marked by substantial time and financial requirements. Moreover, regulatory, policy, and market barriers can make this path to profitability unpredictable.
In addressing these challenges, Rohac offered insights into a list of Canadian cleantech companies that are successfully navigating through these hurdles, and Eavor is at the top of that list.
Eavor’s commercial success hinges on its groundbreaking Eavor-Loop™ technology, which represents an innovative approach to Geoenergy generation. By mitigating the unpredictability and geological limitations that often challenge cleantech companies, Eavor’s technology has proven to be reliable and globally scalable. This has garnered generous support from several global energy producers, investors, developers, and venture capital funds for Eavor’s projects.
By addressing key hurdles and offering a reliable path to profitability, Eavor exemplifies how innovative cleantech companies can capture global interest and propel sustainable solutions to the forefront of the energy sector.
