Ryan Martin presents Eavor’s innovations at geothermal conference in Pisa
A presentation from Development Engineer, Ryan Martin demonstrated the technological successes of Eavor-Loop™ technology, and the benefits it offers, at the ETIP Geothermal Annual Conference in Pisa, Italy. Martin explained that the benefits of Eavor-Loop™ are multifaceted. For example, not only does it eliminate the reliance on permeable aquifers, it has a minimal surface footprint, and its inherent density-driven circulation eliminates the need for pumps, ensuring a parasitic load-free system.
INSEAD acknowledges Eavor CEO John Redfern with their sustainability award for 2023
CALGARY, Alberta, Canada and SAN FRANCISCO, California, December 21, 2023 – The Co-Founder, President and CEO of Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded the inaugural INSEAD Business Sustainability Award at the INSEAD Americas Conference of 2023. Redfern’s achievement demonstrates dedication to building more sustainable business models and solutions. This recognition assists in acknowledging efforts to meet sustainability objectives, and that clean technology is at the forefront of innovative thinking and investment opportunities.
Eavor-Lite™ Update After Four Years Of Operation
Eavor-Lite™ is a full-scale demonstration project of a multilateral closed-loop geothermal system which has been in operation since 2019. The project is located near Sylvan Lake, Alberta, Canada and consists of two 1.7 km long multilateral horizontal wellbores connecting two 2.4 km deep vertical wellbores to create a U-tube shaped closed-loop geothermal system. The horizontal wellbores are intersected using magnetic ranging technology, and sealed with a chemical completion technique, resulting in a large subsurface heat exchanger.
The European Commission Narrates The Eavor-Loop Story
In the context of rising temperatures worldwide, the EU has committed to achieving climate neutrality by 2050, and intends to transition away from carbon-based fuels to renewable energy sources. According to the Director-General for Climate Action Kurt Vandenberghe, one of the biggest challenges in achieving that goal is scalability, as the reliability of intermittent sources are susceptible to weather patterns and daylight hours.
Calgary Ranked Among the Top in the World for Cleantech Ecosystems
Eavor’s base city, Calgary, has been recognized as one of the top cleantech ecosystems in the world according to the Startup Genome report. The report, unveiled at COP28 in Dubai, identified Calgary as an ‘ecosystem to watch’ on a global scale, as it earned a spot within the Global Cleantech Top 35 ranking. Startup Genome, a San Francisco-based policy advisory and research firm, placed Calgary’s achievement alongside well-established cleantech hubs such as Silicon Valley, Los Angeles, Boston, New York City, and Vancouver, affirming Calgary’s pivotal role in shaping the future of clean technology. The report states that among the $34.6 billion global average, Calgary’s ecosystem is valued at $5.2 billion.
Transitioning From Oil and Gas To Geothermal
We wanted to know what the Eavor team had to say about their transition from Oil and Gas to Geothermal. This is their story.
US Air Force embracing future-forward solutions with Eavor-Loop™ technology
As a part of Vickers Venture Partners’ portfolio companies, Managing Director Vadim Shpak platformed Eavor’s venture to create a “groundbreaking partnership” with the US Air Force to establish energy security within the Joint Base San Antonio (JBSA). Additionally, Shpak commended the US Air Force for “embracing future-forward solutions,” as it backs Eavor’s diligence in being a leader in innovative cleantech.
“History in the Making:” Eavor’s geothermal at Joint Base San Antonio
The Eavor team recently visited the Joint Base San Antonio (JBSA) to begin a geothermal prototype project at the base; a first-of-its kind said to mark history in the making according to U.S. Air Force Brig. Gen. Russell D. Driggers, JBSA and 502nd Air Base Wing commander. Driggers emphasized the importance of forward-thinking and the exploration of diverse, resilient energy sources to mitigate emissions, bolster security, and ensure sustainable operations for the long term. The pilot project at JBSA is viewed as a potentially major stride in achieving these goals.
CBC Radio-Canada features Eavor’s John Redfern and Chris Cheng
CBC Radio-Canada recently interviewed Eavor CEO John Redfern and Development Engineering Manager Chris Cheng, platforming Eavor’s closed-loop system and how it’s poised to revolutionize the geothermal landscape. The interview, which included a visit to the Eavor-Lite™ facility near Rocky Mountain House Alta., offered a firsthand look at the practical application of the technology. At the site, Cheng detailed the operational success of Eavor-Lite™ over the past four years and emphasized its consistent delivery of the forecasted energy output.
Highlighted by Crunchbase News, Eavor has become a leader in Canada’s cleantech geothermal landscape
Eavor has become one of the recipients to some of the largest Canadian cleantech investments this year. Alongside CarbonCure Technologies and OYA Renewables, Crunchbase News allocated Eavor’s successes as evidence that Canada is “moving up the cleantech ranks” in the world. Canada’s increased funding for cleantech startups is projected to exceed last year’s record-setting totals, according to Crunchbase. Despite Canadians making up about 0.5 percent of the global population, the country ranks fifth in the world for cleantech investments between 2021 and Q3 2023.
Eavor listed in top 6 Canadian cleantech companies “to watch for”
Eavor has been listed as one of the top 6 Canadian cleantech companies that have achieved significant fundraising milestones in 2023. In a recent LinkedIn post by CS Partners CEO Simon Leich, it was highlighted that Canadian cleantech companies are making significant strides in fundraising, with a particular focus on geothermal energy, carbon capture, and utility-scale solar. This surge in investments, totaling approximately a billion USD, is propelling Canada to the forefront of the global renewable energy sector, despite the country comprising only 0.5 percent of the world’s population. Currently ranking fifth globally in cleantech investments, Canada’s commitment to a clean economy is evident, solidifying its position as a leading advocate for a sustainable future.
Alex Vetsak delves into Eavor’s innovative insulated drill pipe
Alex Vetsak, well construction advisor at Eavor, delves into Eavor’s innovative insulated drill pipe technology in an interview with the IADC Drilling Engineers Committee (DEC). Vetsak highlights the modularity of the technology, and how this insulation protects equipment when operating within the cased sections and open hole sections. He further explains that previous demonstrations have allowed Eavor to better understand the actual thermal output of this insulated drill pipe technology, which solidified better understanding of the thermal performance and mechanical integrity of the closed-loop system.
