A recent article by Climate Insider discussed the benefits and long-term impacts of the federal government’s new investment tax credits on the Canadian cleantech sector. These credits are designed to encourage pro-environmental behavior change and scale the adoption of clean technology. The targeted areas for these credits include Clean Technology, Clean Technology Manufacturing, Carbon Capture, Utilization, and Storage (CCUS), and Clean Hydrogen. The article argues that these initiatives are pivotal in Canada’s strategy to achieve net-zero emissions by 2050.

An article published by Contrary delves into how geothermal energy stands as a near-inexhaustible resource and how Eavor is playing a key role in developing sophisticated geothermal technologies. The Earth’s core has been releasing energy since the planet’s formation 4.6 billion years ago, reaching a temperature of nearly 6000°C. This indicates that the potential of geothermal technologies is vast, and multiple Next-Generation Geothermal companies, including Eavor, are developing systems to utilize this power.

The geothermal industry is transforming from a once-risky investment to a promising sector, according to an article written in Hart Energy. A key reason for this can be attributed to techniques borrowed from oil and gas companies, such as horizontal drilling and multi-well pads. The article detailed how Next-Generation Geothermal leverages advanced oil and gas technologies to extract heat from deeper and hotter rock, which requires more sophisticated engineering to access compared to conventional geothermal sources.

IDEA 2024 invited global energy professionals to discuss emerging innovations in the energy sector, with Ryan Martin, a development engineer at Eavor, presenting the benefits of Eavor-Loop™ technology for decarbonizing district energy networks. Some key challenges highlighted at the conference were the barriers to expanding existing electrical infrastructure and limited power availability to support full electrification across cities. To address this, cities are exploring creative methods to establish cleaner district energy networks that are less reliant on electrical energy sources.

Next-Generation Geothermal was listed among the top four innovations in Europe that could compete globally, according to Siôn Geschwindt, climate and energy reporter at The Next Web. Geschwindt stated that Europe is striving to achieve ambitious climate targets while reducing reliance on foreign technologies. A recent report by the EU Institute for Security Studies has identified four key innovations with the potential to decarbonize Europe’s economy and enhance its technological sovereignty.

Green Energy Futures featured Eavor’s systems, technology that is “innovative and elegantly simple,” in a YouTube video and online article. Jeanine Vany, VP of Corporate Affairs at Eavor, detailed the company’s use of the Organic Rankine Cycle (ORC) to harness the Earth’s heat. This process generates electricity within the power plant by using hot water to heat a working fluid with a lower boiling point than water, creating steam that drives a turbine. The video highlighted the Eavor-Lite™ project, which demonstrated Eavor’s unique ability to predict thermal output before drilling. Vany emphasized that this capability sets Eavor apart from conventional geothermal methods.