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Senators Mike Lee (R-UT) and Martin Heinrich (D-NM) Will Lead ENR Committee as Chair and Ranking Member
CALGARY, Alberta, Canada – Eavor Technologies Inc., an advanced geothermal technology company and global leader in geothermal energy solutions, welcomed the announcement of Senator Mike Lee (R-UT) as the new Chair and Senator Martin Heinrich (D-NM) as the new Ranking Member of the Senate Energy and Natural Resources (ENR) Committee. Both senators are leaders in supporting geothermal energy and key sponsors of the Geothermal Energy Optimization (GEO) Act of 2024, a bipartisan bill designed to streamline the permitting process and accelerate geothermal energy development.
“We are excited to see Senators Lee and Heinrich take on these pivotal leadership roles,” said Jeanine Vany, Eavor co-founder and executive vice president of corporate affairs. “As champions of geothermal innovation, their bipartisan support for geothermal legislation is vital to unlocking the full potential of geothermal energy. We look forward to working with them to continue to find ways to level the playing field for geothermal as a core component of the energy transition, grid resilience, and energy autonomy.”
The GEO Act would establish permitting parity for geothermal technologies, create a dedicated Geothermal Ombudsman to aid in project development, and increase geothermal leasing on federal lands to fast-track growth in the industry. The Energy Permitting Reform Act of 2024, introduced by Senators Joe Manchin (D-WV) and John Barrasso (R-WY), incorporates key provisions of the GEO Act.
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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.
