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.
The Eavor-Loop™ labelled as revolutionary technology that’s going to “turn the tide” in renewable energy sector
Eavor’s first commercial power plant in Geretsried, Bavaria is being showcased by The World Technology Leader Award as a means to revolutionize the utilization of renewable energy. The World Technology Leader Award is led by Diana Research Pte. Ltd., which is based in Singapore. The research and market intelligence company specializes in the identification and analyses of leaders in technology and innovation around the world. In a recent article the company wrote about Eavor, it begins by highlighting that Eavor’s technology is a sophisticated energy cycle that “metamorphoses into an underground energy storage hub, paving the way for potentially numerous similar systems to store electricity.”
Eavor has the potential to play a major role in solving Germany’s heating difficulties
Described as an under utilized yet nearly endless source of clean baseload energy, the WirtschaftsWoche’s article written by Stefan Hajek describes Eavor’s closed-loop system as the means to break away from niche technology that’s only been used in minimal regions. The article sets the scene at the Geretsried drilling site. Following Fabricio Cesário, project manager of the construction site, insights are given into the intense labour that goes into drilling more than 4500 meters deep into the foothills of the Alps. Penetrating limestone rock, 280 kilometres of horizontal wellbores are connected together to form a massive subsurface heating system. With drilling beginning in August, the two vertical wells could potentially be connected as early as November.
Advanced notice about Chancellor Olaf Scholz learning more about Eavor
On August 24, 2023, German Chancellor Olaf Scholz is to learn more about Eavor’s operations, technology, and construction site in Geretsried, Bavaria. He will be joined by Bavaria’s Prime Minister Markus Söder, Federal Minister of Education and Research Bettina Stark-Watzinger, an assortment of political decision-makers, Canadian government politicians, and other invited guests. Scholz has been expressing great interest in transitioning Germany’s energy landscape in order to distance the country from its reliance on fossil fuels, which was exacerbated by the Russian invasion of Ukraine.
The Global Cleantech Top 100 has listed Eavor as one of the top global companies that are “fighting the good fight against worldwide carbon emissions
Eavor’s achievements have been recognized by the world-renowned CleanTech Group, and has made the Global Cleantech Top 100 list of 2023. As one of the twelve Canadian companies to make the list, the Government of Canada’s Innovation, Science and Economic Development Canada (ISED) department has stated in a LinkedIn post that it “backs Eavor’s efforts to make reliable geothermal power more available. The company is helping advance Canada on the path to net zero by 2050.”
Eavor’s Neil Ethier featured on Norton Rose Fulbright’s Currents podcast to discuss Eavor-Loop as disruptive technology
Eavor VP of business development Neil Ethier was featured in an episode of the Currents podcast to discuss Eavor’s innovative and cost-competitive approach to globally scaling clean energy. Ethier was interviewed by host Todd Alexander to introduce Eavor’s approach to extracting energy, what is being done to make Eavor-Loop™ technology more accessible worldwide, and why greater interest is being generated for geothermal than ever before. Eavor-Loop™ technology is gaining more attention as Eavor’s first commercial power plant drills its wellbores. The country has been impacted by the energy crisis sparked by geopolitical tensions, and German municipalities are now more inclined to invest money in clean tech start-ups. While initial investments may be high, the more power plants Eavor distributes, the more likely it is that the cost will come down– much like how it did for wind and solar.
Calgary has been chosen to host World Geothermal Congress 2026
The World Geothermal Congress’ tender committee has chosen Calgary as the host city for the World Geothermal Congress 2026 (WGC2026). Held every three years, the WGC is a global event organized by the International Geothermal Association (IGA). It serves to bring together industry leaders, academic experts, finance professionals, government officials, NGOs, and communities to foster collaboration and devise sustainable solutions for future generations.
Eavor’s and Turboden’s closed-loop technologies move forward in Geretsried
Eavor and Turboden have a Joint Development Agreement (JDA) that allows the companies to optimally couple their technology systems for cost-effective energy distribution. This agreement is an integral part of Eavor’s endeavour to scale its technology and to reduce manufacturing costs. The first stage of the JDA created an integrated Eavor-Loop™ and Turboden ORC techno-economic optimization workflow for baseload power. Last July, Turboden was announced as the supplier for Eavor’s power plant in Geretsried, Bavaria, Germany. This commercial agreement has Turboden building a heat-to-power facility, transforming energy extracted from the Earth into electricity for local energy distribution.
