Icelandic project aims to drill into a volcano to access unprecedented geothermal power
The hottest temperatures ever reached by a geothermal project could happen as early as 2026 in Iceland, where the Krafla Magma Testbed (KMT) aims to tap into the Krafla volcano’s magma chamber to access super-hot fumes. If successful, the article states that this project could promise immense geothermal energy at an unprecedented scale for Iceland’s population, at least ten times more power than conventional geothermal plants.
Research Into Methods of Utilizing Energy From Superheated Rock Took Center Stage at the 2023 Geothermal Rising Conference
An article published on SciTechDaily emphasized that the ability to extract energy from superhot rock has the potential to “change everything” in the renewable energy landscape. The article, written by Quaise Energy’s Elizabeth Thompson, highlighted that tapping into heated rock several miles into earth’s subsurface was a major topic at the Geothermal Rising Conference of 2023, as showcased in 18 individual papers.
Eavor Featured in Colliers’ Canadian Tech Occupiers Guide
Eavor’s pivotal role in Calgary’s cleantech expansion has garnered recognition from both Nate Glubish, the Minister of Technology and Innovation at the Government of Alberta, and has been highlighted in a comprehensive report by Colliers. This acknowledgment signifies Eavor’s leading contribution to Calgary being the fastest-growing digital innovation hub in Canada. As a result, the city is witnessing heightened interest from investors.
Robert Winsloe Delves Into Eavor’s Growing Pursuit for Global Success
In an article published in Newsweek, Eavor Executive VP Origination Robert Winsloe describes Eavor’s evolving global viability and widespread appeal. Winsloe explains that rather than relying on hot aquifers, which accounts for about 5 percent of the world’s surface, Eavor’s approach is to harness heat that is accessible across the planet; heat from hot subterranean rock. This makes Eavor’s technology globally scalable, with the possibility to implement local energy autonomy almost anywhere in the world.
msn.com amplifies Eavor’s strive to solve the “geothermal puzzle”
InsideHook delves into Eavor’s mission to revolutionize the energy landscape in a feature article published on http://msn.com , detailing the company’s co-founders’ strategic approach to overcoming geothermal energy limitations and scaling it globally.
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.
