Category: Blogs

A New York Times feature article titled How To Cool Down a City is emphasizing innovative urban planning in Singapore to combat rising temperatures. According to the article, there are some areas of the metropolis that are about six degrees hotter due to a high volume of buildings and a lack of greenery. Concrete and asphalt absorbs heat and releases it into the air at night, trapping heat within the densely populated areas. One particular Singaporean district, often dubbed “air conditioner alley,” is a stark example of how numerous independently made, uncoordinated choices can collectively lead to substantial heat increase. Here, hundreds of individual air conditioning units expel hot air from various residences and commercial establishments, all converging onto a narrow street.

Andrew Bell of BNN Bloomberg’s Commodities interviewed Eavor CEO John Redfern to feature the groundbreaking strides Eavor has made in providing scalable technology. The conversation began with Bell’s statement that geothermal energy is “underfunded and marginalized.” This is despite the US government positing that geothermal energy could meet the world’s energy needs twice over. Redfern explained the nature of this discrepancy, and attributed geothermal’s low financial momentum to it’s previous lack of scalability.

A new milestone for the heat transition has been achieved in Hanover. Today, enercity and Eavor concluded the heat supply contract for the geothermal energy project in Hanover. Up to 30MW of renewable and baseload geothermal power will be available for the Hanover district heating network annually from 2026. Geothermal energy will therefore play a central role in Hanover’s climate-friendly heat supply in the future. Geothermal energy can be used to generate heat regardless of weather influences. The companies will use Eavor-Loop™ technology, which extracts heat by circulating a working fluid in a closed-loop through many kilometers of drilled pipes at a depth of approximately 3,000 metres.

Vox recently published a comprehensive feature article that provides detailed insights into the vitality and longevity of multiple geothermal technologies, including Eavor. According to the article, some engineers believe closed-loop systems have a major advantage because of its conduction-based technology. The article suggests that conventional systems could result in fluid loss within the granite rockbed during the circulation process, which could potentially induce seismic activity. The article further explains that tensions such as these have constrained the geothermal industry over the last two decades, resulting in a stagnation of federal funding for start-ups and operations in the United States. Consequently, this has led some current critics to be skeptical about geothermal’s readiness to be globally scaled.

A New York Times climate journalist Brad Plumer indicated that The United States has “enough geothermal energy to power the entire country,” and Eavor is one of the companies aiming to utilize those resources. The article explains that new excitement in geothermal energy is likely to keep generating interest from high-caliber investors, especially since many technologies (such as magnetic drilling and horizontal drilling) born from the oil and gas sector are pivotal to geothermal energy’s expansion. Geothermal Rising commented that Eavor is helping to break barriers using these tools and achievements, and that these accomplishments are fueling a “geothermal rush.”

To showcase Eavor’s status as a platinum sponsor for the Geothermal Congress in Germany (Der Geothermie Kongress, or DGK), Bundesverband Geothermie interviewed Eavor GmbH Managing Director Daniel Mölk for insights into Eavor’s innovative technology. Mölk explained that it’s Eavor’s mission to distribute its patented technology around the world. In order to prove that it’s a go-anywhere solution, drilling wells in places where conventional geothermal energy has not been successful is key.

An article published by MaRS recognizes Eavor’s achievement in ranking among the top 12 Canadian companies listed in the Global Cleantech 100 list of 2023. The article attributes the importance of Eavor’s technology to the popularization of geothermal energy, which is a reliable, nearly infinite energy source that’s “always on,” yet accounts for only a small percentage of renewable power.

Chubu Electric’s plan to acquire approximately 40 percent stake in Eavor Technologies was recently signified in an article written by Andrew Lee of Recharge News. Last year, Chubu purchased a stake of approximately 20 percent in the company, aligning itself with prominent investors such as BP and Chevron, in support of Eavor’s pioneering efforts. Chubu’s additional investment is a significant milestone in Eavor’s ambitions to produce approximately 8MW of electric power and district heating transfer rate of 64MW in the region. In a recent press release from Chubu Electric, Hiroki Sato, division CEO of global business at Chubu, said: “This is a significant milestone not only for Chubu but also the journey of climate  neutrality towards our global target on this planet. I am convinced that the Eavor-Loop™ Technology would be a true game-changer for the enhancement of renewable energy, and Chubu is very excited to be working with Eavor through the world‘s first Eavor-Loop™ commercial project at Geretsried in Germany.”

Multiple media platforms and esteemed experts have been covering the inauguration of Eavor’s first commercial Eavor-Loop™, which amplified the technology’s game-changing method of producing clean energy. In a video news report from münchen.tv, German Chancellor Olaf Scholz, Bavarian Prime Minister Markus Söder, and President of Eavor GmbH Daniel Mölk were featured being interviewed by local media and making speeches at the event. Additionally, DW Español published a news report that featured the inauguration, titled: “Could geothermal energy solve Germany’s energy crisis?”

The Geobatt Project’s hybrid renewable energy storage system, which is a combination of geothermal technology and solar panels, has been supplying the Moncloa Transit Hub for approximately six months now, and aims to increase that supply to 33 percent. The multi-level station is a major point of transit for buses and metro lines in Madrid’s city center. It experiences a substantial amount of visitor and transit traffic throughout the day, and the heat from that immense activity creates a high demand for air conditioning.