Eavor’s first commercial power plant took the spotlight in a Modern Power Systems magazine feature article, detailing how Eavor is propelling geothermal energy in “attracting growing interest worldwide.” Eavor’s inaugural commercial power plant in Geretsried is slated to commence partial operations by October 2024 and reach full functionality with four Eavor-Loops™ by August 2026. This is aimed to generate 64MWt for district heating and 8.2 MWe of power, and according to the magazine, it is also putting Eavor at the forefront of a “geothermal resurgence.”

The Defense Post and RechargeNews recently posted articles about Eavor’s contract with the US Air Force to supply clean energy to the Joint Base San Antonio (JBSA) in Texas. Eavor’s innovative Geoenergy solution is being platformed as a game-changer, with the Defense Post article emphasizing how it is “enabling energy independence.” Furthermore, RechargeNews dubs it “Holy Grail” technology for harnessing nearly boundless energy from the Earth’s core.

An opinion piece by Susan Rohac, Managing Partner of the Climate Tech Fund at BDC Capital, listed Eavor as a company Canada can look to for inspiration on drastically reducing CO2 emissions and achieving net-zero goals. After Canada soared to second place on the Global Cleantech Innovation Index in 2021, 12 of the top 100 spots on the Cleantech Group’s 2022 Global Cleantech 100 were Canadian companies, Eavor being one of them. The article attributes this as an impressive achievement considering that Canada only produces 1.4 percent of the world’s GDP.

Energy Stream’s livestream featured Geothermal Rising Executive Director Bryant Jones in an insightful discussion about why oil and gas collaboration with geothermal projects is critical to the future of cleantech. In the discussion, Jones listed Eavor as one of the companies that is showing the world that geothermal is a mature, proven, “now and anywhere” solution that is ready to be deployed.

Eavor made HolonIQ’s North America Climate Tech 200 list of most promising startups that work in new energy, the environment, and sustainability. HolonIQ, a leading global data and insight platform, serves as a global hub of data and insights to inform decisions and actions across international platforms, including NGOs, universities, multinational corporations, and technology and finance companies.

The Calgary Herald and The Globe and Mail recently published articles pertaining to Eavor’s press conference, highlighting the milestone first investment from the Canada Growth Fund (CGF) into Eavor. A $90m fund into Eavor represents approximately half of its $182m Series B funding round. This fund will allow the company to scale up its business, retain autonomy over intellectual property, and keep its headquarters in Calgary. Furthermore, it will amplify opportunities for local professionals to find careers with Eavor and its networks.