The Global Impact of Eavor’s Technology Highlighted on a Newly Launched OMV Podcast
Dr. Carsten Reinhold, a geoscientist and feasibility manager at Eavor GmbH, recently shared insights on the benefits of Eavor’s technology as a guest on OMV’s podcast. In this episode that summarizes geothermal’s potential, host and journalist Steve Chaid introduces geothermal as the “very important last link that is connecting an infinite renewable resource with population centers around the world.”
Eavor-Loop™ technology could be instrumental in propelling Japan toward its target of achieving carbon neutrality
Eavor-Loop™ technology could be instrumental in propelling Japan towards its target of achieving carbon neutrality in a recent dialogue with Japan External Trade Organization (JETRO) and James Heatherington, VP and Representative of Eavor Japan. The decision to enter the Japanese market was fueled by strategic partnerships, notably with Chubu Electric Power Company, a prominent utility player in Japan. Through direct investments and collaborative ventures in Geretsried, Chubu Electric has not only provided financial support but also bolstered Eavor’s credibility within the Japanese energy sector.
Eavor CEO John Redfern listed among 2024’s top 100 influential people in Canada
Eavor founder and CEO John Redfern was listed within The Power List 2024 curated by Maclean’s Magazine, earning a place among the top 10 influential individuals in Canada championing climate-friendly solutions. Maclean’s described Eavor’s closed-loop technology as the solution that “cracked the code” to globally scaling geothermal, providing sustainable clean energy while simultaneously expanding a once-niche industry.
Eavor’s projects spotlighted in The Guardian as model technology for the U.S.
The Guardian recently published an article discussing how the U.S. is “cracking the code” on how to scale geothermal energy nationwide, and it showcases Eavor as a model for harnessing near-inexhaustible baseload energy suitable for replacing oil and gas. The article explains that geothermal energy has been historically constrained to specific geographic regions; however, it is now gaining traction as a viable option for providing zero-emissions power. According to Amanda Kolker, geothermal laboratory program manager at the National Renewable Energy Laboratory (NREL), geothermal presents a promising solution to meet continuous energy demands. Furthermore, it acts as complimentary technology to intermittent energy sources like solar and wind.
Eavor-Loop™ in Geretsried described as a ‘blueprint’ for a project in Weilheim
German publication Merkur recently published articles highlighting Eavor’s presentation to the Weilheim City Council, located southwest of Munich and directly east of Geretsried, to begin a feasibility study in the surrounding area. Having secured mining permission for geothermal exploration in the region encompassing Ammersee, Starnberger See, and Polling, Eavor showcased its ongoing project in Geretsried to provide a framework for a similar venture near the town of Weilheim in Oberbayern.
Google, Microsoft, and Nucor announced a new initiative to significantly scale clean and reliable technologies
In a recent press release, Google, Microsoft, and Nucor announced that the companies will collaborate to aggregate demand in the market to scale advanced clean electricity technologies. This effort focuses on leveraging technologies such as advanced nuclear, Next-Generation Geothermal, and long-duration energy storage. These technologies have great potential to deliver firm, dispatchable power, bridging the gaps in renewable energy production and facilitating the decarbonization of the grid, according to the International Energy Agency (IEA).
Eavor begins collaboration with Bavarian district Neu-Ulm to implement local energy autonomy
Eavor GmbH recently announced a partnership with SWU Stadtwerke Ulm/Neu-Ulm GmbH, a municipal utility company that supplies the region with electricity, gas, water, heat, to explore implementing Eavor-Loop™ technology in the region and pave the way for Neu-Ulm and Senden to achieve local energy autonomy. This collaboration aligns with Neu-Ulm’s ambitious goal to decarbonize by 2040, a commitment emphasized by Mayor Katrin Albsteiger, who urges immediate action to achieve it.
Interview with Bailey Schwarz on Eavor’s work culture at the SPE International Drilling Conference
Eavor’s Executive Vice President for North America Bailey Schwarz presented at the Diversity and Inclusion Session during the IADC/SPE International Drilling Conference 2024 in Galveston, Texas. An essential part of Eavor’s work culture is harnessing innovative ideas and working with the “best brains” in the industry. During an interview with Drilling Contractor Magazine, Schwarz explains Eavor’s dedication to looking beyond a narrow labour pool to create a diverse workplace with the skillsets that Eavor needs. Success and growth in a company, she elaborates, involves introspection and considering personal biases.
IMIR data predicts remarkable growth for geothermal electric power generation
The geothermal electric power generation market is predicted to experience significant growth in the next decade, according to Intellectual Market Insights Research (IMIR). As per the report, the market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.9 percent, surpassing $16,293.14 million by 2032. Investments in new technologies are underway to enhance the accessibility of geothermal energy for electricity generation and other heating purposes. However, geothermal energy extraction is primarily feasible in regions with easy access to highly heated water sources.
Next-Generation Geothermal Power is Setting the Table for Commercial Lift Off in the United States by 2030
The latest report titled Pathways to Commercialization Report from the U.S. Department of Energy (DOE) focuses on Next-Gen Geothermal as a clean energy source poised for tremendous growth. This report will be featured at the DOE’s virtual fireside chat and webinar next month. The report positions Next-Gen Geothermal as a key contributor to establishing secure, domestic, decarbonized power generation in the United States. Leveraging advancements that borrow from the oil and gas sector, these approaches engineer human-made reservoirs from abundant hot rock resources, eliminating the need to rely solely on naturally occurring reservoirs in niche geologies.
Michael Holmes discusses Eavor’s Next-Gen Geothermal technology with IGNITE magazine
Scovan’s IGNITE magazine recently interviewed Michael Holmes, Eavor’s VP of systems engineering and strategy, to inquire about the company’s mission to enable local energy autonomy worldwide. As of August 2023, Eavor has inaugurated its first commercial project, Eavor-Europe™, in Geretsried, Germany. Holmes explains that this project is a “culmination of Eavor’s dedication and hard work” to innovate technology that scales reliable clean energy, and the journey to this commercial venture has been very fulfilling.
Neil Ethier discusses disruptive Eavor-Loop™ technology with North America Outlook
Eavor Vice President of Origination, Neil Ethier spoke with North America Outlook Magazine to shed light on Eavor-Loop™ technology and how this innovation is scaling clean baseload energy to global markets. This technology relies on the conductive method of heat transfer rather than the convective means that traditional geothermal and EGS systems utilize. This design means that Eavor does not require fracking techniques, has minimal water use, and is not associated with induced seismicity or discovery risk. Due to these factors, Ethier explains that Eavor’s technology has the potential to disrupt the global energy landscape profoundly. With a highly predictable output and dispatchable capacity, Eavor-Loop™ technology can be financed and scaled using standardized manufacturing approaches akin to wind or solar energy.
