The next-generation of business professionals are exalting Eavor as one of the top 5 most promising Canadian firms in energy storage innovation. A post made by Re_Generation on LinkedIn indicated that long-duration energy storage is anticipated to be the “Holy Grail” in transitioning to a cleaner electrical grid. Intermittent sources of energy, such as wind and solar, on their own make having a renewable-dominated grid challenging because they are non-dispatchable. This is where Eavor-Loop™ provides an astronomical advantage. The closed-loop system mitigates challenges that intermittent energy sources face because it is not vulnerable to seasonal changes or weather patterns. It’s a reliable source of energy that can be dispatched 24/7 365 days a year.

The Nuremberg Press recently published a detailed article promoting Eavor’s project in Geretsried in hopes that narrating the success might inspire similar future projects in Nuremberg. The article opened by explaining the current state of geothermal energy in Germany, which is limited to conventional residential buildings and only goes to a depth of 100 metres. In comparison, Eavor’s system drills 4,500 meters down, and it networks 60 kilometres of wellbore into a single closed-loop system, where as a total project could be around 260 kilometres. With the anticipated completion by mid-2024, this technology will supply districts within Bad Tölz-Wolfratshausen with clean heat and clean electricity.

Eavor has teamed up with social enterprise Mindfulicity to continue building a healthy work culture that inspires productivity and innovation. Mindfulicity’s core values were born from support systems and counseling expertise within YWCA Calgary. They believe the skill sets needed to build and maintain healthy relationships – at home, in the community and in our workplaces are crucial. “We’re experts in the field of relationship building, and we’ve just taken those skills and repackaged them in a different way,” said Manager Mairi Serpas.

ThinkGeo writer Carlo Cariaga recently published an article highlighting the new cooperation agreement between Eavor and Sonoma Clean Power (SCP). This agreement was born from an initiative to expand geothermal development in Sonoma and Mendocino counties orchestrated by California’s Geothermal Opportunity Zone (GeoZone).

GeoZone seeks to promote environmental protection while increasing quality of life and high-quality jobs for locals. Their aim is to build 600 MW of incremental local geothermal capacity across multiple projects to achieve these objectives.

Eavor, along with Cyrq Energy and Chevron New Energies, are SCP’s partners in these projects. In expanding their geothermal projects, the company expects 40% of its energy to come from geothermal resources by 2038.

Eavor’s Chief Technology Officer, Matt Towes recently joined Dave Borlace on the ‘Just Have A Think’ YouTube channel for an excellent video on how geothermal is going global! ”Geothermal energy has the potential to provide all our human energy requirements for millions of years. The trouble is we just can’t easily get at it other than in areas of volcanic activity or along fault lines in the earth’s tectonic plates. So geothermal energy has always remained a niche energy source – accounting for just 1% of global energy. Now a Canadian company has developed a system that can work profitably anywhere in the world, regardless of geological conditions. This one could be a winner!!”

America is dialing up the national thermostat on geothermal research and development with new policies and funding from the Biden administration. In the spring of 2022, both sides of American congress agreed to allocate $84 million USD for the development of four demonstrative geothermal projects under the Bipartisan Infrastructure Law. The Inflation Reduction Act followed shortly after, providing companies with incentives of up to 40% tax credits for investments in geothermal projects. Businesses that meet livable wage standards and bankroll geothermal ventures will be eligible for a tax credit of 30%. An additional 10% is available for development projects in communities currently or previously reliant on the energy industry, such as those with large fossil fuel sectors or retired coal mines. Politico.com quoted Geothermal Rising board of directors president Kelly Blake in their reporting on the policies, saying the geothermal industry hasn’t received this much interest in over 50 years.