Press Releases

The Past, Present and Future

Learn more about company announcements, new additions to the team, partnerships and other company news.

Eavor Technologies Commends U.S. Treasury’s Recognition of Geothermal Energy in New Clean Energy Tax Credits

CALGARY, Alberta, Canada – Eavor Technologies Inc., an advanced geothermal tech company and leader in geothermal energy solutions, commends the U.S. Department of the Treasury’s recent announcement of interim guidelines outlining the eligibility criteria for new zero-emission energy tax credits. Treasury’s recognition of geothermal, alongside wind and solar, as a qualifying technology for these crucial incentives marks an important step forward in the rulemaking process, which will seek stakeholder input to finalize the criteria and promote the expansion of geothermal energy.

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Eavor Applauds DOE’s Liftoff Report Focused on Next Generation Geothermal

CALGARY, Alberta, Canada – Eavor Technologies Inc., an advanced geothermal or closed-loop energy company, praised the Department of Energy’s (DOE) “Pathways to Commercial Liftoff: Next-Generation Geothermal Power,” which provides a roadmap for advancing next-generation geothermal power. The report is the latest installment in the “Pathways to Commercial Liftoff” series that “provide[s] public and private sector capital allocators with a perspective as to how and when various technologies could reach full-scale commercial adoption,” according to DOE.

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Japan’s Kajima Corporation Makes Direct Investment in Eavor Technologies Inc.

CALGARY, Alberta, Canada and TOKYO, Japan – February 20, 2024 – Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal energy technology, has entered into an agreement with Kajima Corporation (“Kajima”) to receive a direct investment into the company. The investment by Kajima demonstrates Eavor’s ability to attract capital from various entities and develop key partnerships with industry leaders worldwide.

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