As the keynote speaker at the Energi Gala in Banff, AB, Eavor co-founder Jeanine Vany shared the company’s journey in commercializing energy security.
Drawing on her 15 years of experience in oil and gas, Vany highlighted how the Eavor team has roots in leveraging expertise from the petroleum sector to develop scalable geothermal systems.
Vany also underscored the critical role of partnerships with academia and industry in advancing geothermal technology, including Eavor’s. She called for collaboration to solve key challenges, such as making geothermal economically viable.
“Heat is ubiquitous. Heat is everywhere,” Vany said. “If we can figure out how to unlock geothermal economically at average gradients, we can solve energy problems worldwide.”
Noting Eavor’s mission to enable local energy autonomy everywhere, Vany explained that the growing demand for clean, baseload power is reshaping energy markets, particularly as AI applications increase the strain on electricity grids.
“There’s about 16 GW of geothermal electricity globally on the grid, spanning about 32 countries. That means we have a lot of work to do because that’s less than half a percent of the total energy supply. Geothermal is too valuable to be kept in the ground.”
Since its founding in 2017, Eavor has achieved notable milestones. The company’s pilot project in Alberta, operational since 2019, demonstrated the feasibility of the Eavor-Loop™. Currently, Eavor is constructing its first commercial project in Germany, a facility that will offset 44,000 tons of CO₂ annually and deliver district heating and power to the local grid. The project has garnered significant international attention, including a €91.6 million grant from the European Union Innovation Fund.
With a strong foundation and a growing pipeline of projects, Eavor is set to make geothermal energy a scalable and transformative solution for the global energy landscape.
