Success at Eavor’s New Mexico project triggers follow-on strategic investments
CALGARY, Alberta, Canada – January 30th, 2023 – Eavor Technologies Inc. (“Eavor”), a leader in globally scalable geothermal technology, is pleased to announce the successful completion of its next generation geothermal demonstration project in New Mexico, USA: Eavor-Deep™. Beginning in August and concluding in December of last year, after having drilled a two-leg multilateral well down to 18,000’ TVD and ~250°C, Eavor met its objectives, including achieving technical milestones which have drawn a follow-on investment of $10 million CAD from bp Ventures (“bp Ventures”).
Deep Energy Capital and Eavor Technologies to build 5 geothermal projects as construction gathers pace at their first European site
Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment firm, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, have agreed to develop, finance, construct and operate geothermal projects deploying Eavor’s advanced geothermal technology: Eavor-Loop™. Deep Energy will finance at least five projects, requiring up to €1 billion, from Eavor’s growing European and North American project pipeline. The projects will deliver continuous renewable power and heat and are expected to benefit from long-term feed-in-tariffs and fixed price off-take contracts underpinned by the growing value of resilient and local sources of clean energy.
Groundbreaking ceremony for the drilling site of the Eavor-Loop™ project in Geretsried
The ceremonial groundbreaking of the drilling site in Geretsried today marks the official start of construction for the world’s first commercial geothermal project using Eavor-Loop™ technology
Eavor is proud to announce that Yuta Kano joining our board of directors
Yuta Kano of Chubu Electric Power Co., Inc. will be joining the Eavor Board of Directors to aid in the navigation of Eavor’s continued growth and global expansion into 2023 and beyond.
Chubu Electric Power Acquires Strategic Stake in Eavor Technologies Inc.
Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce that Chubu Electric Power Co., Inc. (“CHUBU”) has entered an agreement to make a direct investment in Eavor and support the commercialization of Eavor-Loop™ technology.
KCA Deutag & Eavor GmbH Sign Contract to Drill Revolutionary Geothermal Power Project
DÜSSELDORF, Germany – Leading drilling, engineering and technology company KCA Deutag has announced that it has signed a contract with EAVOR ERDWÄRME GERETSRIED GmbH (“Eavor”) to provide two drilling rigs for the construction of Eavor’s first commercial Eavor-Loop™ system.
Eavor to drill the deepest and hottest directional geothermal well in history: Eavor-Deep™
Eavor Technologies Inc. (“Eavor”) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep™).
Eavor selects Turboden as supplier for development of power plant to be deployed with closed-loop geothermal system in Germany
Eavor, the leader in scalable geothermal energy, has selected Turboden S.p.A. (“Turboden”) for the development of their project in the South of Germany in Geretsried (Bavaria). This investment in Turboden’s Organic Rankine Cycle (“ORC”) system will be used in the first commercial Eavor-Loop™ project harnessing heat from the Earth to deliver electricity to the local market.
Deep Energy Capital and Eavor Technologies announce collaboration to transform global heat and power generation markets with clean, non-intermittent and flexible energy
Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment house, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, announce their cooperation to deploy advanced geothermal technology, Eavor-Loop™, a new source of clean, baseload and flexible heat and power.
Eavor is Excited to Welcome Dr. Jesse Jenkins to the Advisory Board
Eavor would like to welcome Jesse Jenkins as the newest member of its Advisory Board! Mr. Jenkins is a macro-scale energy systems engineer with a focus on the rapidly evolving electricity sector, including the transition to zero-carbon resources, the proliferation of distributed energy resources, and the role of electricity in economy-wide decarbonization. We are looking forward to working with such a distinguished individual.
Eavor Would Like to Welcome Two New Members to its Advisory Board
17 February 2021, Calgary: Eavor would like to welcome two new members to its Advisory Board! Dr. Malcolm Ross, a renowned Black Swan Detector, and Dr. Eric van Oort, a Closed-Loop Geothermal enthusiast, will be joining Eavor’s advisory team. We look forward to working with these distinguished members of the clean energy community. Dr. Malcolm […]
Global energy majors lead pivot to Eavor’s geothermal solution with USD$40 million investment
Eavor’s solution is the world’s first truly scalable form of clean dispatchable power This investment will support Eavor’s aim to power the equivalent of 10 million homes by 2030 Investors in this round Include: bp Ventures, Chevron Technology Ventures, Temasek, BDC Capital, Eversource and Vickers Venture Partners 16 February 2021, Calgary: Eavor Technologies Inc., the […]
