Jeanine Vany Announces the Emerging Innovators Challenge Alongside Minister Schulz
On October 17, 2023, the Minister of Environment and Protected Areas, Rebecca Schulz, announced the Emerging Innovators Challenge (EIC) in conjunction with Emissions Reduction Alberta (ERA) CEO Justin Riemer. The EIC will administer $40 million to support small and medium-sized enterprises (SMEs) as well as Indigenous communities scale-up, pilot, and demonstrate first-of-a-kind projects that enhance emissions reduction. Previous ERA funding mechanisms akin to the EIC, which Eavor successfully applied for, played an imperative role in commercialization, catalyzing the Eavor-Lite™ prototype near Rocky Mountain House. Jeanine Vany, Eavor’s Executive Vice President of Corporate Affairs, was pleased to validate the importance of this initiative and lend endorsement to the Government of Alberta and ERA.
SustainablEarth Power boasts that AGS technology has “disruptive” and “transformative” power
SustainablEarth Power Youtube channel broadcasted Eavor’s closed-loop technology in a new video, advocating how Advanced Geothermal Systems (AGS) are a disruptive and transformative technology that has the potential to become a “globally significant solution for clean electricity.” AGS has many advantages over traditional geothermal technologies. Its technology mitigates many challenges and risks associated with drilling systems that traditional geothermal and oil and gas companies use, such as exploratory risk and induced seismicity. Being a form of AGS, this gives Eavor-Loop™ technology the means to be implemented almost anywhere on the planet, as there is a nearly endless supply of heat in the Earth’s mantle continuously heating the bedrock beneath our feet.
Collaborative research between Eavor and Sinton Lab reveals how phase change slurries can optimize closed-loop technology
Published in the Renewable Energy journal, Eavor’s Matt Toews, Michael Holmes, and Vlad Zatonski’s collaborative research with Sinton Lab has unearthed new knowledge about phase change slurries (PCS), proving the fluid’s vitality to enhance closed-loop systems. The publication was showcased in a LinkedIn post by Vikram Soni, where the article titled “Performance Analysis of Phase Change Slurries for Closed-Loop Geothermal System” introduced results of the joint research, which could provide opportunity to utilize this new knowledge in a way that benefits future Geoenergy systems.
Italian publication lists Eavor-Loop technology as a viable example of clean, reliable Geoenergy for EU’s transition to clean power
Italian publication Yahoo Finanzas wrote an article calling for greater attention to be paid to underutilized geothermal resources in Tuscany. Furthermore, the article proposed that Eavor-Loop™ technology could be a viable asset in overcoming investment risk associated with geothermal energy. Situated in Larderello, the world’s most ancient geothermal power site, Enel Green Power harnesses the earth’s heat to generate approximately 5 percent of Italy’s clean energy. This is a model that can be expedited to other European nations, as only about 1GW of renewable electricity capacity is currently being provided by geothermal in the EU as of 2022.
Calgary.tech platforms Eavor’s recent achievements and financial support at Geretsried
Eavor’s Geoenergy technology was featured in an article published by calgary.tech, noting the company’s accomplishments in creating local jobs and enhancing energy security across the globe. The Alberta Government’s $2 million funds to assist Eavor’s first commercial power plant in Geretsried, Germany, was highlighted alongside Rebecca Schulz’s compliments for Eavor’s innovations. Schulz, among various policy makers and politicians, including German Chancellor Olaf Scholz, attended the inauguration of the Geretsried power plant last month, and described Eavor as a “made-in-Alberta success story.”
Germany aims to amp up geothermal energy as a means to sever dependency on fossil fuels
A euronews news article encompasses Germany’s overarching goal to invest exponentially more in clean energy while simultaneously cutting off dependance on Russian natural gas. In the wake of Russia’s invasion of Ukraine, Berlin is actively exploring strategies to reduce its reliance, one project being the repurposing of a disused airport and remaking it into a geothermal site. This increased push for geothermal production will also align with Germany’s objective to enhance energy independence and sustainability.
New Mexico Senator showcases Eavor-Deep™ at the Advanced Energy Tech Conference
Senator Martin Heinrich of New Mexico recently presented Eavor as an innovative cleantech company during his presentation at the Advanced Energy Tech Conference. In showcasing Eavor-Loop™ technology and the successful demonstration of Eavor-Deep™, he presented Eavor’s actions as a pivotal part in New Mexico’s strive for further deployment of geothermal technology.
Singapore aiming to increase innovative technology to cool its city
A New York Times feature article titled How To Cool Down a City is emphasizing innovative urban planning in Singapore to combat rising temperatures. According to the article, there are some areas of the metropolis that are about six degrees hotter due to a high volume of buildings and a lack of greenery. Concrete and asphalt absorbs heat and releases it into the air at night, trapping heat within the densely populated areas. One particular Singaporean district, often dubbed “air conditioner alley,” is a stark example of how numerous independently made, uncoordinated choices can collectively lead to substantial heat increase. Here, hundreds of individual air conditioning units expel hot air from various residences and commercial establishments, all converging onto a narrow street.
BNN Bloomberg – Geothermal energy battles for its place in the sun
Andrew Bell of BNN Bloomberg’s Commodities interviewed Eavor CEO John Redfern to feature the groundbreaking strides Eavor has made in providing scalable technology. The conversation began with Bell’s statement that geothermal energy is “underfunded and marginalized.” This is despite the US government positing that geothermal energy could meet the world’s energy needs twice over. Redfern explained the nature of this discrepancy, and attributed geothermal’s low financial momentum to it’s previous lack of scalability.
CO2-free deep geothermal energy in Hanover: enercity and Eavor conclude heat supply agreement
A new milestone for the heat transition has been achieved in Hanover. Today, enercity and Eavor concluded the heat supply contract for the geothermal energy project in Hanover. Up to 30MW of renewable and baseload geothermal power will be available for the Hanover district heating network annually from 2026. Geothermal energy will therefore play a central role in Hanover’s climate-friendly heat supply in the future. Geothermal energy can be used to generate heat regardless of weather influences. The companies will use Eavor-Loop™ technology, which extracts heat by circulating a working fluid in a closed-loop through many kilometers of drilled pipes at a depth of approximately 3,000 metres.
Vox article highlights optimism about Eavor-Loop™ technology because it eliminates earthquake risk
Vox recently published a comprehensive feature article that provides detailed insights into the vitality and longevity of multiple geothermal technologies, including Eavor. According to the article, some engineers believe closed-loop systems have a major advantage because of its conduction-based technology. The article suggests that conventional systems could result in fluid loss within the granite rockbed during the circulation process, which could potentially induce seismic activity. The article further explains that tensions such as these have constrained the geothermal industry over the last two decades, resulting in a stagnation of federal funding for start-ups and operations in the United States. Consequently, this has led some current critics to be skeptical about geothermal’s readiness to be globally scaled.
New York Times article cites Eavor as a company that is getting investors excited about geothermal
A New York Times climate journalist Brad Plumer indicated that The United States has “enough geothermal energy to power the entire country,” and Eavor is one of the companies aiming to utilize those resources. The article explains that new excitement in geothermal energy is likely to keep generating interest from high-caliber investors, especially since many technologies (such as magnetic drilling and horizontal drilling) born from the oil and gas sector are pivotal to geothermal energy’s expansion. Geothermal Rising commented that Eavor is helping to break barriers using these tools and achievements, and that these accomplishments are fueling a “geothermal rush.”
