Transition Economist – bp and Chevron invest in geothermal startup Eavor
CEO of Canadian firm expects other majors to invest in the sector, which is benefiting from a technological renaissance.
The venture capital arms of bp and Chevron invested $40mn in mid-February in Eavor Technologies, a geothermal startup headquartered in Calgary, with a highly innovative method for monetizing heat from below the earth’s crust.
