U.S. Defense Department Awards Eavor Contract to Power Military Base through Advanced Geothermal System
CALGARY, Alberta, Canada and SAN ANTONIO, Texas – Oct. 3, 2023 – Eavor Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded a contract with the U.S. Air Force to provide Eavor-Loop™ generated geothermal energy to the Joint Base San Antonio facility in Texas. Eavor will assume a leadership role in contract execution, guided by the oversight of the Air Force Office of Energy Assurance, and partner with Chesapeake Energy (NASDAQ:CHK) providing its technical and operational expertise.
Managing Director Daniel Mölk featured to demonstrate Eavor’s pivotal role in the geothermal sector
To showcase Eavor’s status as a platinum sponsor for the Geothermal Congress in Germany (Der Geothermie Kongress, or DGK), Bundesverband Geothermie interviewed Eavor GmbH Managing Director Daniel Mölk for insights into Eavor’s innovative technology. Mölk explained that it’s Eavor’s mission to distribute its patented technology around the world. In order to prove that it’s a go-anywhere solution, drilling wells in places where conventional geothermal energy has not been successful is key.
Eavor described as a Canadian venture that’s providing “the world’s most exciting clean tech”
An article published by MaRS recognizes Eavor’s achievement in ranking among the top 12 Canadian companies listed in the Global Cleantech 100 list of 2023. The article attributes the importance of Eavor’s technology to the popularization of geothermal energy, which is a reliable, nearly infinite energy source that’s “always on,” yet accounts for only a small percentage of renewable power.
Chubu Electric backing to Eavor’s first commercial power plant is stated to “boost limitless green energy from Earth’s core
Chubu Electric’s plan to acquire approximately 40 percent stake in Eavor Technologies was recently signified in an article written by Andrew Lee of Recharge News. Last year, Chubu purchased a stake of approximately 20 percent in the company, aligning itself with prominent investors such as BP and Chevron, in support of Eavor’s pioneering efforts. Chubu’s additional investment is a significant milestone in Eavor’s ambitions to produce approximately 8MW of electric power and district heating transfer rate of 64MW in the region. In a recent press release from Chubu Electric, Hiroki Sato, division CEO of global business at Chubu, said: “This is a significant milestone not only for Chubu but also the journey of climate neutrality towards our global target on this planet. I am convinced that the Eavor-Loop™ Technology would be a true game-changer for the enhancement of renewable energy, and Chubu is very excited to be working with Eavor through the world‘s first Eavor-Loop™ commercial project at Geretsried in Germany.”
News and social media coverage of the inauguration of Eavor’s first commercial power plant is platforming Eavor’s “groundbreaking” technology
Multiple media platforms and esteemed experts have been covering the inauguration of Eavor’s first commercial Eavor-Loop™, which amplified the technology’s game-changing method of producing clean energy. In a video news report from münchen.tv, German Chancellor Olaf Scholz, Bavarian Prime Minister Markus Söder, and President of Eavor GmbH Daniel Mölk were featured being interviewed by local media and making speeches at the event. Additionally, DW Español published a news report that featured the inauguration, titled: “Could geothermal energy solve Germany’s energy crisis?”
A combined geothermal and solar energy project is to amp up production for a major transportation hub in Spain’s capital.
The Geobatt Project’s hybrid renewable energy storage system, which is a combination of geothermal technology and solar panels, has been supplying the Moncloa Transit Hub for approximately six months now, and aims to increase that supply to 33 percent. The multi-level station is a major point of transit for buses and metro lines in Madrid’s city center. It experiences a substantial amount of visitor and transit traffic throughout the day, and the heat from that immense activity creates a high demand for air conditioning.
Eavor’s Yuta Kano and James Heatherington presented Eavor-Loop™ technology as an industry game-changer
In Plug and Play’s most recent collaborative event about innovative technologies, Yuta Kano and James Heatherington had the opportunity to present Eavor’s technology as an “unconventional geothermal revolution” during the platform’s Climate Tech Innovation showcase. “I believe that Eavor is the true game-changer for the future of energy,” said Mr. Kano during the presentation. Mr. Kano is the general manager at the Clean Energy Solution Unit at Chubu Electric power, which is a part of the company’s global business division. He is also a board member of Eavor Technologies and the Managing Director of the Geretsried project.
German Chancellor Olaf Scholz Praises Eavor’s Technology
In his speech during the inauguration of Eavor’s first commercial project at Geretsried, Federal Chancellor Olaf Scholz made a speech praising Eavor’s technology, and platformed it as an asset that will help Germany to achieve its goal of becoming one of the first climate-neutral industrialized countries in the world by 2045. “It is a technical masterpiece that you have undertaken here in Geretsried with this project,” said Scholz. “If this attempt succeeds, it would not only be a great piece of engineering, but an even greater step forward for our heat transition.” Moreover, the Chancellor attributed this as a benefit because it means having geothermal energy independent of heated water, which is a resource that is challenging to find and access.
Alberta Minister of Environment and Protected Areas Rebecca Schulz promotes Eavor-Loop™ technology in Germany
Eavor co-founder and EVP Jeanine Vany had the opportunity to meet the Minister of Environment and Protected Areas of Alberta, Rebecca Schulz, and provide a tour of Eavor’s Geretsried drill site. In regard to the event, Vany commented: “It was my honor to tour Minister Schulz around the drilling site at Geretsreid. In some ways having Minister Schulz present felt like coming full circle. Without the early-stage investment from the Alberta and Federal governments to drill the Eavor Lite pilot in Alberta in 2019, we would not be standing here today, in Bavaria, drilling the first commercial Eavor Loop™. Our goal to enable local clean energy autonomy everywhere is feeling closer than ever and will certainly have a transformative impact on the energy crisis in Europe as we deploy more Eavor Loops.”
The German Chancellor announces his wish for Eavor-Loop™ technology to succeed in Germany on a “significant scale.”
The inauguration of Eavor’s first commercial project in Geretsried was the site where German Chancellor Olaf Scholz made an announcement to implement more geothermal plants tenfold, as he said that geothermal is an “obvious solution” to combating climate change. “This is ambitious, but a secure and, above all, affordable supply of renewable energy is an advantage that is crucial not only for our citizens but also for our economy. For location decisions and for investments,” said Scholz. “I wish … that Germany will be the first country in Europe where the Eavor-Loop™ works on a significant scale.”
QR Calgary – Mornings with Sue & Andy featuring Eavor’s President & CEO, John Redfern
Eavor CEO and President, John Redfern recently joined the QR Calgary radio show, Mornings with Sue & Andy for an episode entitled ‘Promise of Geothermal Energy Technology’. A Calgary based tech company is using their innovations in geothermal energy to help power Germany! This morning John Redfern, president and CEO, Eavor Technologies Inc. joined us to discuss their work and the potential of geothermal energy.
Excitement ignites in Germany over Eavor-Loop™ technology following Eavor’s inauguration event in Geretsried
Eavor-Europe’s™ project site at Geretsried attracted a bustling crowd of government officials, engineers, geologists, policy makers, and media on Thursday, Aug. 24 to witness the inauguration of Eavor’s first commercial power plant. Some of the most notable attendees included Federal Chancellor Olaf Scholz, Bavaria’s Prime Minister Markus Söder, Research Minister Bettina Stark-Watzinger, and Alberta Minister of Environment and Protected Areas Rebecca Schulz.
