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Geothermal Potential Could Surpass Nuclear

Geothermal energy is undergoing a significant transformation akin to the technological boom of the shale revolution, according to an article in The Economist, and this shift could potentially enable geothermal to outperform nuclear generation. Geothermal has traditionally been limited to regions with naturally occurring underground reservoirs. However, the article states that innovative techniques are now making it possible to extract geothermal energy by drilling kilometres deep into hot rock, which can be done virtually anywhere across the planet.

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UNITE 2024 Energy Disruptors Panel: Canada Should Focus on Consistency and Innovation During a Global Energy Transition

Implementing new energy solutions was a key topic at the UNITE 2024 Energy Disruptors Summit, where panelists tackled some of the most pressing challenges Canada is facing in the energy transition. John Redfern, Eavor founder and CEO, joined this panel to emphasize the difficulties of scaling up technologies, establishing nationwide regulations, and the crucial role of innovation in maintaining Canada’s global leadership. Redfern stressed that amidst the rise of extreme weather events, resilience in energy infrastructure is more critical than ever. He argued that these factors are undervalued in today’s market, and consistency will support future stability.

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Geologists Uncovering Areas in the UK with the Greatest Geothermal Potential

The past year has seen greater geothermal development in the UK, including the construction of the first geothermal plant, the launch of the UK’s First National Centre, and promising geological data being collected across central and southern England. Dr. Timothy Kearsey and his team at the British Geological Survey (BGS) have mapped Early Carboniferous limestones (ECLs) in this area, located approximately 4km deep. Kearsey’s research indicates that ECLs have the potential to become an important energy resource, as they offer substantial opportunities for deep geothermal energy. The article also states that energy from these formations has been successfully harnessed in Belgium and the Netherlands for heating networks. However, Kearsey emphasized that while these findings are promising, further research is needed for successful geothermal infrastructure development in the UK.

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Resounding positivity for Eavor’s first-ever Partner Summit

Eavor successfully hosted its inaugural Partner Summit at the Geretsried site on September 11-12, bringing together current and prospective partners for an exclusive tour of Eavor’s first commercial project. The summit welcomed over 120 attendees from across the globe, including Japan, New Zealand, Taiwan, North and South America, and various European countries. With crucial support from Eavor GmbH, the event toured a diverse array of participants, from investors to vendors, government officials, business leaders, and researchers.

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Eavor to support local grassroots efforts for sustainable solutions

Eavor has become Calgary Climate Hub’s newest sponsor, helping to foster grassroots efforts for local climate action within Calgary communities. As a Calgary-based clean energy company, Eavor recognizes the importance of fostering innovation to develop practical and pragmatic strategies for the future. Additionally, the company acknowledges the impact that local communities have in driving global change.

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Immense potential for geothermal energy to revolutionize generated electricity

Eavor’s closed-loop technology, featured in an article detailing the significant benefits of advanced geothermal technology, is described as an example of innovative deep drilling methods that are making geothermal energy cost-effective and accessible. Written by Danilo Onorino, the global energy portfolio manager of Dogma Capital SA, the article highlights the importance of new deep drilling technologies in overcoming the challenges associated with accessing geothermal energy. Traditional geothermal methods often struggle with the hard, abrasive rock formations found at great depths, which can slow down drilling and increase costs.

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