Chris Cheng, Manager, Development Engineering at Eavor, was invited to attend an event titled “Let’s Talk About… The Grid” as a panelist to discuss clean energy and human impact at the Calgary Central Library. Cheng was joined by Richard Harrison (poet, essayist, and editor), Eveline Kolijn (printmaker and Installation artist), Kelly Edzerza-Bapty (architect and industrial designer), and Maggie Hanna (geologist, scientist, and communicator) to share ideas about human ambition and the utilization of clean energy. The panel was a supplement and basis for the presentation of a new art installation called “The Electromagnetic Field,” made by artists Allora and Calzadilla.

Construction work for the world’s first commercial Eavor-Loop™ in Geretsried is entering an important phase. Following the traditional drilling bit dedication ceremony, drilling operations will begin on Drill Site A. Drilling operations are also scheduled to start on the second drill site in a few weeks. Two of the largest drilling rigs in Europe will be used. They will be used in parallel to construct an underground heat exchanger using Eavor-Loop™ technology at a depth of 4,500 meters, which will produce reliable energy for municipal heating and power supply without hydrothermal deposits.

Hawaii State Senator Glenn Wakai has proposed bills that would provide additional funding for the Hawaii Groundwater and Geothermal Resources Center (HGGRC), which is located at the University of Hawaii. Senate Bill 458: Relating to Geothermal Royalties, was proposed earlier this year by the state to cap royalties collected by the state of Hawaii, and redistribute more of those royalties to Hawaiian counties. The purpose of this redistribution is to fund geothermal research projects, specifically to further discovery and development of geothermal resources.

Have you ever wondered how we seal the open wellbore in the lower sections of the Eavor-Loop™? Well, grab your number 2 pencils and put on your lab coat, let’s learn about Rock-Pipe™. Watch our NEW Video – How Rock-Pipe™ Works – With Vlad & Mo.

Eavor’s Series B funding led by OMV commenced the commercialization of Eavor-Loop™ technology in multiple countries across Europe, and the news is quickly gaining attention from multiple publications. Some of these include ThinkGeo, The Tech Factor, Venture Capital Journal, FinSMEs, Renewables Now, and Market Screener. OMV, a leading energy company based in Austria, has secured a significant investment to expedite the commercialization of Eavor’s game-changing Eavor-Loop™ technology. This funding solidifies OMV as the primary investor in Eavor’s Series B equity round, with follow-up investments from bp Ventures, EverSource Energy, and Vickers Ventures Partners.

Colorado Governor Jared Polis recently signed a new law called SB23-285, also known as the Energy and Carbon Management Regulation. This law will allow expansion of geothermal power production; therefore, play an integral role in helping Colorado achieve its goal to have 100 percent renewable energy by 2040. Originally named the Oil and Gas Conservation Commission, the bill will be known as the Energy and Carbon Management Commission starting July 2023. The purpose is to give the law more regulatory authority, allowing it to oversee a wider range of energy and carbon management areas beyond oil and gas. Section 8 of the bill grants the commission the exclusive authority to regulate deep geothermal operations and explore allocated geothermal resources, including ones deeper than 762 metres. Additionally, it grants the state engineer exclusive authority to manage shallow geothermal operations. The bill also allows the commission to conduct studies, prepare reports summarizing the findings of the studies, and submit the reports to the general assembly.