Eavor Partners with the Government of Alberta to Launch the Alberta Drilling Accelerator
On April 30, Eavor was joined by Rebecca Schulz, the Minister of Environment & Protected Areas, the Canadian Association of Energy Contractors, the Canadian Geothermal Energy Association, the Rural Municipalities Association, and Brazeau County to commence the planning and development of the Alberta Drilling Accelerator.
Led by the Government of Alberta, Eavor, and other stakeholders, the Alberta Drilling Accelerator (ADA) will represent a technology-agnostic, market-driven geothermal test site available for use by any geothermal company to enable novel drilling techniques and off-site technology development. The test bed will be the first of its kind in Canada, firmly establishing Alberta as a global leader in geothermal technology commercialization and exports. Additionally, the ADA will help ensure the province keeps pace with other government-supported geothermal test sites, such as Utah FORGE in the United States, the Continental Deep Drilling Programme in Germany, the Deep Drilling Project in Iceland, and China’s recently announced drilling program as geothermal technologies gain prominence across the globe.
“Alberta has been a global energy leader for more than a century, renowned for our skilled workforce, innovation and one of the largest oil and gas reserves on the planet. The proposed Alberta Drilling Accelerator presents enormous potential to help our province lead the next wave of energy projects here at home and around the world that reduce emissions, create jobs and enhance energy security.”
- The Honourable Rebecca Schulz, Minister of Environment & Protected Areas
The ADA reflects the Government of Alberta’s commitment to establish Alberta as a global geothermal hub promoting technology development and adoption to augment net-zero 2050 ambitions and energy security, per the Emissions Reduction & Energy Development Plan. Alberta’s oil and gas sector positions the province as the ideal jurisdiction to scale innovative geothermal drilling methods and technologies by leveraging an unparalleled labour pool and drilling assets to advance geothermal applications.
“With cumulative geothermal investment poised to reach $1 trillion by 2050, a geothermal arms race is very much underway to commercialize novel drilling techniques that accelerate geothermal development – exhibited by testing facilities in the United States, China and Iceland. As Canada’s first geothermal test bed, the Alberta Drilling Accelerator will help bring geothermal technologies to scale, supporting companies like Eavor. We commend the Government of Alberta for this bold initiative.”
- John Redfern, President & CEO, Eavor Technologies
Eavor applauds the Government of Alberta’s decision to advance the ADA and looks forward to continued collaboration in establishing the province as a world-class destination for geothermal innovation.
About Eavor Technologies Inc.
Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible heat and power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Temasek, BHP Ventures, OMV, the Canada Growth Fund, Kajima Corporation, and Microsoft Climate Innovation Fund. info@eavor.com – Eavor.com
