Eavor joins European hub for District Heating and Cooling
Eavor has recently joined the DHC+ Platform, advancing Next-Generation Geothermal energy within Europe’s district heating and cooling market. The DHC+ Platform, headquartered in Brussels, serves as Europe’s hub for research and innovation in district heating and cooling. It brings together over 60 stakeholders from academia, research, business, and industry to promote sustainable energy systems. As a leader in innovative geothermal technology, Eavor’s membership holds potential to contribute to the integration of cutting-edge clean energy technology for the continent, fostering local energy autonomy across multiple European countries.
Geothermal expanding as the “fossil-free, abundant, and weather-independent” alternative to fossil fuels
Underground Ventures (UGV), a new investment firm specializing in geothermal tech platforms, launched with a $40 million fund that will focus on early-stage geothermal technology startups over the next 3-5 years. As geothermal startups grow globally, UGV Co-founder and CEO Torsten Kolind highlighted Eavor’s success as a prime example of how geothermal energy is overcoming traditional scalability limitations.
Next-Generation Geothermal offering economic and practical benefits for Alberta
An article detailing the benefits geothermal energy has for Alberta emphasizes that despite its higher upfront costs, geothermal’s longevity and baseload capacity will yield greater returns. This not only benefits investors financially but also provides communities with reliable, clean power for generations. Mohammad Kiani, engineer and geochemist, argued that geothermal holds long-term vaiability compared to intermittent energy sources like wind and solar. These benefits include low operational and maintenence costs, reliable baseload capacity, low environmental impact, and a longer energy production lifespan.
Eavor strategic advisor calls closed-loop geothermal a Black Swan idea
Dr. Malcolm Ross, a geoscientist and lecturer at Rice University, as well as a Black Swan Detector at the University of Texas, discusses the historical hurdles that geothermal energy has faced and how closed-loop geothermal technology can overcome these challenges to achieve global scalability. Ross explains his journey through academia and the oil and gas industry, primarily how his career at Shell allowed him to utilize his geoscience expertise, such as plate tectonic modelling, and paleogeographic and paleoclimate modelling. Moreover, he explains how these skill sets benefitted him in transitioning to geothermal energy. He explains that he wanted to pursue an industry that had a positive impact while utilizing his geological skills.
John Redfern pinpoints how Canada can become a global geothermal leader
Eavor CEO John Redfern emphasized that a current “arms race” taking place in the geothermal industry could make Canada a world leader in geothermal energy production, and how the Alberta Drilling Accelerator (ADA) is key to achieving that. In an interview with DOB Energy, Redfern stressed the importance of meticulous preparation and research to advance collaboration with the ADA. He explained that extensive consultations are being conducted with interested parties, reviewing similar international initiatives, and examining various governance and economic models to ensure the project’s success.
Next-Generation Geothermal allowing more people to “take control of their energy destiny.”
Energy independence was the focal point of an article written by author James Dean, who highlighted the significant potential of Eavor’s Advanced Geothermal Systems (AGS) in achieving this goal for individuals and communities alike. The article emphasizes that pursuing energy independence by implementing innovative technologies offers multiple benefits. Geothermal energy is significantly cleaner than fossil fuels, emitting 99 percent less carbon dioxide, as geothermal plants do not utilize combustion. Rather, Eavor harnesses heat from the earth by introducing a working fluid into a closed-loop system, where the fluid extracts heat via conduction and transports the energy to the surface for district heating, cooling, and electricity.
Eavor Featured on the Tech Zero podcast – Clean energy from the Earth’s core
Eavor Co-founder Jeanine Vany was a recent guest on the Tech Zero podcast, hosted by Australian Financial Review reporter Peter Ker, to discuss the origin of Eavor and the evolving landscape of geothermal energy. Described as a “big green idea about to become a revenue-generating reality,” Eavor’s technology exemplifies the crucial role of oil and gas expertise in the future success of geothermal energy. These skills have been described as instrumental in driving geothermal into its renaissance.
Eavor Technologies and University of Colorado Boulder Partner on $700,000 State-Funded Geothermal Energy Studies
Boulder, CO — The University of Colorado Boulder (CU Boulder) has been awarded two grants totaling nearly $700,000 through the state-wide Geothermal Energy Grant Program (GEGP) to explore the feasibility of geothermal energy on campus. Governor Jared Polis announced the award recipients at a ceremony in Pueblo on Friday.
IHFC features quality score evaluations for heat flow data in 2024 report
The International Heat Flow Commission (IHFC) has published an updated set of global heat-flow data. This data, gathered from 1939 to 2024, helps scientists understand the Earth’s internal heat. The data collection is part of a global project that has been improving to ensure high-quality information since May 2021. The 2024 update includes new heat-flow measurements published since April 2023, adding to a total of 91,182 data points from 1,586 scientific publications. Most of these measurements (57 percent) come from land areas, while the rest (43 percent) are from the ocean. The IHFC explains that this comprehensive dataset is crucial for studying the Earth’s heat and contributes to our knowledge of geophysical processes.
Eavor’s substantial scaleup featured in the Narwhal List 2024
Eavor was recently ranked among the top 10 clean technology companies on the Narwhal List of 2024, a report that benchmarks Canadian scaleup companies. Among the 44 companies from Calgary featured on the list, Eavor stood out with its robust 84 percent scaleup rating, surpassing the clean technology sector’s average of 49.2 percent.
Next-Generation Geothermal called the “dark horse” of the cleantech sector
Sabine Hossenfelder, in a recent episode of her YouTube series Science News, emphasized the merits of Next-Generation Geothermal technologies, specifically spotlighting Eavor as a solution that is “so modest, you wonder why it wasn’t done a century ago.” Hossenfelder elaborated on the method of harnessing energy from hot rock, stating that it seems like “the obvious thing to do” to mitigate the effects of climate change. She cited that geoscientists estimate that the energy reserves within the upper 10 km of the Earth’s crust are sufficient to meet the world’s energy needs for several hundred million years—equivalent to 1 million billion gigawatts of energy.
John Redfern joins CERAWeek panel to delve into Eavor’s “deeper, hotter, faster, and cheaper” paradigm
Next-Generation Geothermal technology, such as the Eavor-Loop™, is creating what is dubbed a “geothermal renaissance” in the energy sector. Hosted by Andrei Utkin, associate director of Innovation Agora, Eavor CEO John Redfern joined the CERAWeek Innovation Agora 2024 panel titled “What’s New in Geothermal Technology?” alongside Chevron VP of Offsets and Emerging Barbara Harrison, Fervo Energy Co-Founder and CEO Tim Latimer, and Superhot Rock Energy Program Director Terra Rogers.
