In his speech during the inauguration of Eavor’s first commercial project at Geretsried, Federal Chancellor Olaf Scholz made a speech praising Eavor’s technology, and platformed it as an asset that will help Germany to achieve its goal of becoming one of the first climate-neutral industrialized countries in the world by 2045. “It is a technical masterpiece that you have undertaken here in Geretsried with this project,” said Scholz. “If this attempt succeeds, it would not only be a great piece of engineering, but an even greater step forward for our heat transition.” Moreover, the Chancellor attributed this as a benefit because it means having geothermal energy independent of heated water, which is a resource that is challenging to find and access.

Eavor co-founder and EVP Jeanine Vany had the opportunity to meet the Minister of Environment and Protected Areas of Alberta, Rebecca Schulz, and provide a tour of Eavor’s Geretsried drill site. In regard to the event, Vany commented: “It was my honor to tour Minister Schulz around the drilling site at Geretsreid. In some ways having Minister Schulz present felt like coming full circle. Without the early-stage investment from the Alberta and Federal governments to drill the Eavor Lite pilot in Alberta in 2019, we would not be standing here today, in Bavaria, drilling the first commercial Eavor Loop™. Our goal to enable local clean energy autonomy everywhere is feeling closer than ever and will certainly have a transformative impact on the energy crisis in Europe as we deploy more Eavor Loops.”

The inauguration of Eavor’s first commercial project in Geretsried was the site where German Chancellor Olaf Scholz made an announcement to implement more geothermal plants tenfold, as he said that geothermal is an “obvious solution” to combating climate change. “This is ambitious, but a secure and, above all, affordable supply of renewable energy is an advantage that is crucial not only for our citizens but also for our economy. For location decisions and for investments,” said Scholz. “I wish … that Germany will be the first country in Europe where the Eavor-Loop™ works on a significant scale.”

Eavor CEO and President, John Redfern recently joined the QR Calgary radio show, Mornings with Sue & Andy for an episode entitled ‘Promise of Geothermal Energy Technology’. A Calgary based tech company is using their innovations in geothermal energy to help power Germany! This morning John Redfern, president and CEO, Eavor Technologies Inc. joined us to discuss their work and the potential of geothermal energy.

Eavor-Europe’s™ project site at Geretsried attracted a bustling crowd of government officials, engineers, geologists, policy makers, and media on Thursday, Aug. 24 to witness the inauguration of Eavor’s first commercial power plant. Some of the most notable attendees included Federal Chancellor Olaf Scholz, Bavaria’s Prime Minister Markus Söder, Research Minister Bettina Stark-Watzinger, and Alberta Minister of Environment and Protected Areas Rebecca Schulz.

Eavor’s first commercial power plant in Geretsried, Bavaria is being showcased by The World Technology Leader Award as a means to revolutionize the utilization of renewable energy. The World Technology Leader Award  is led by Diana Research Pte. Ltd., which is based in Singapore. The research and market intelligence company specializes in the identification and analyses of leaders in technology and innovation around the world. In a recent article the company wrote about Eavor, it begins by highlighting that Eavor’s technology is a sophisticated energy cycle that “metamorphoses into an underground energy storage hub, paving the way for potentially numerous similar systems to store electricity.”