European Economic and Social Committee presses the European Commission to amplify geothermal in energy transition
The European Economic and Social Committee (EESC) is advocating that geothermal energy should be a major component of Europe’s action plan for transitioning to cleaner energy. In an opinion statement published by committee members Zsolt Kükedi and Thomas Kattnig, it was stated the European Commission should “move immediately” in supporting the development of this largely underutilized resource.
Eavor sets example for navigating early-stage funding challenges
The National Bank of Canada demonstrated Eavor’s journey as an example of navigating the toughest phase for cleantech startups—the notorious “valley of death.” Published as an article in the Globe and Mail, National Bank’s Michael Denham, head of commercial and private banking, and Sophie McCormack, managing director in the Private Capital Solutions practice of the Investment Banking division, attribute the “valley of death” as a gap between early-stage venture capital and larger-scale growth equity.
John Redfern explains how Eavor is redefining geothermal energy
John Redfern, President and CEO of Eavor, joined the Prospector Podcast to discuss how Eavor is redefining geothermal energy and addressing global energy challenges. Unlike traditional geothermal methods that rely on aquifers, Eavor’s closed-loop system removes the impact of geological constraints, making its performance and production highly predictable.
Geothermal initiatives in Ukraine strive for energy independence
The push for energy autonomy in Ukraine is gaining momentum as Geothermal Ukraine, an organization that has strong incentives to utilize geothermal energy, commits to expanding geothermal development and garnering collaboration with international professionals.
Geothermal power gains greater favour among German utility companies
Germany’s utility companies are increasingly backing geothermal energy as a key resource in the country’s renewable transition, with industry leaders like Stadtwerke München (SWM) and Deutsche ErdWärme expressing support for the proposed Geothermal Energy Acceleration Act (GeoWG).
Federal support for Eavor could unlock vast geothermal potential in U.S.
Matt Mailloux from ClearPath, a nonprofit dedicated to advancing clean energy innovation, is spotlighting Eavor’s closed-loop technology as a promising solution to enhance U.S. energy capacity by providing reliable, 24/7 power.
Eavor strengthens role in geothermal innovation as Diamond Sponsor of WGC2026
Eavor has been announced as a Diamond Sponsor in the Innovation category for the World Geothermal Congress 2026 (WGC2026). According to the IGA press release, the congress will present a unique platform for Eavor to engage not only within the geothermal industry but across related sectors like oil & gas, mining, technology, and renewable energy.
Next-Generation Geothermal innovations exciting policymakers
Next-generation geothermal energy is undergoing a resurgence that is addressing significant challenges that have hindered it in the past, which is capturing the heightened interest from policymakers. According to Canary Media, geothermal deal counts increased significantly between 2021 and 2024, leading to a cumulative capital raise of $250 million. These developments offer a solution to the urgent need for carbon-free energy sources capable of supplying 24/7 power to industries, cities, and data centers.
Geothermal opportunities in the Pacific Rim could fuel major institutions
Geothermal energy could provide value to U.S. institutions in the Indo-Pacific region, according to an article by Foreign Policy, as it offers stable power that can boost energy security and geoeconomic interests. The article highlights that “all modern energy systems need baseload power,” and that de-risking geothermal technology is essential in driving large-scale development of this always-on energy source.
Geothermal Potential Could Surpass Nuclear
Geothermal energy is undergoing a significant transformation akin to the technological boom of the shale revolution, according to an article in The Economist, and this shift could potentially enable geothermal to outperform nuclear generation. Geothermal has traditionally been limited to regions with naturally occurring underground reservoirs. However, the article states that innovative techniques are now making it possible to extract geothermal energy by drilling kilometres deep into hot rock, which can be done virtually anywhere across the planet.
Geretsried Project Amplifying “Geothermal Anywhere” Solutions
Eavor’s project in Geretsried was featured in a detailed Anthropocene Magazine article as a prime example of the “new generation of geothermal anywhere efforts.” The project exemplifies modern innovation that harnesses heat radiating from the Earth’s 5,000°C molten core. Since the average temperature rises 30°C every kilometre drilled into the earth, this energy can be […]
UNITE 2024 Energy Disruptors Panel: Canada Should Focus on Consistency and Innovation During a Global Energy Transition
Implementing new energy solutions was a key topic at the UNITE 2024 Energy Disruptors Summit, where panelists tackled some of the most pressing challenges Canada is facing in the energy transition. John Redfern, Eavor founder and CEO, joined this panel to emphasize the difficulties of scaling up technologies, establishing nationwide regulations, and the crucial role of innovation in maintaining Canada’s global leadership. Redfern stressed that amidst the rise of extreme weather events, resilience in energy infrastructure is more critical than ever. He argued that these factors are undervalued in today’s market, and consistency will support future stability.
