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 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.

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 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.

A collaborative investigation between Clean Air Task Force, geo-data modelling company Seequent, and the University of Twente have mapped depths up to 450°C temperature in Canadian subsurfaces. An in-depth research paper presented at Geoconvention 2023 showed new models about “Earth’s lithosphere and the geodynamic environment thermal anomalies occur.” The intent behind these investigations is to harness a better understanding of where future next-generation geothermal operations could be most promising. According to the abstract, “…geothermal energy has seen an intensification of interest because it may provide cost-competitive, carbon-free, always available renewable energy, while requiring significantly less land than other energy sources. Increased exploration of geothermal resources is occurring along with a boom in technological innovations, with an eye towards exploration of deeper and hotter geothermal resources.”

An opinion piece written by Andrew Howell and Karine Kleinhaus urges oil and gas companies, who have cut back on their reduction ambitions in the last year, to leverage their drilling expertise and expand into Geoenergy. “Large oil and gas operators can also play an important role in Geoenergy development, bringing technological expertise, a skilled workforce, and access to capital. There are signs that the industry is starting to wake up to the opportunity,” said Howell and Kleinhaus. The article highlights that venture capital leaders bp and Chevron have a combined investment of $40 million in Eavor, which is helping to expand a renewable energy source that is “always on” and occupies up to 88 percent less land per KWh than other sources of clean energy.