Eavor has been featured in INNOVATE™ Alberta, with Eavor-Loop™ being showcased as ground-breaking technology that is set to revolutionize the clean energy industry. The piece articulates that geothermal energy is at “a moment of reckoning,” and that Eavor is at the forefront of this transition because it harnesses energy from the largest clean energy resource we have: the Earth itself. In other words, Eavor extracts heat directly from hot rock, which is heated continuously by the Earth’s core. The Eavor-Loop™, conceived by co-founder Paul Cairns and helmed by CEO John Redfern, overcomes traditional geothermal constraints through its innovative closed-loop system. As indicated by Eavor Chief Technology Officer Matt Toews, such a configuration would “not only eliminate the parasitic pump load but would, in fact, pump itself due to the thermosiphon effect.”

Eavor’s closed-loop systems have recently been featured in a BloombergNEF article about the exponential momentum that geothermal energy is gaining worldwide. According to the article, utility-scale commercial projects are increasingly adopting next-generation geothermal technologies, and countries around the globe are embracing this renewable energy source to achieve their net-zero targets. BloombergNEF stated that the allure of next-generation geothermal energy lies in its ability to tap into previously untapped resources. By leveraging advanced technologies, these projects can harness geothermal energy in areas where traditional methods were not viable.

In a recent article published by Spectra, editor and journalist Ewan Thompson describes how Eavor is unlocking vast potential for geothermal energy in Bavaria. The article highlighted how Geretsried will soon be able to harness heat from deep within the earth to provide its population with reliable baseload energy. A closed-loop system will be able to achieve this because it bypasses the need to search for hot underground aquifers, which costs millions of dollars without the guarantee of discovery. Rather than investing time and money into locating an aquifer, all an Eavor-Loop™ needs is access to hot rock, which is anywhere on the planet. Drilling approximately 4.5 kilometres deep, Eavor will network 260 kilometres of wellbore into a closed-loop system that will act as a reverse radiator, extracting heat from bedrock and circulating it up to the power plant.

The Italy-Kenya Business and Investment Forum on Geothermal took place on March 27, 2023, with the aim to boost collaboration between Italian and Kenyan businesses in the geothermal energy sector. The forum was organized by the Italian Investment and Technology Promotion Office of the United Nations Industrial Development Organization, with collaboration from the Ministry of Energy and Petroleum of Kenya, the Geothermal Association of Kenya (GAK) and Unione Geotermica Italiana (UGI). The event brought together key players from the Italian and Kenyan geothermal industries, and the participants engaged in discussions on investment opportunities and strategies, with a focus on advancing geothermal energy development in Kenya. Italian companies that have expertise in drilling, power plant construction, and project financing, are projected to help the Kenyan labour force.

Eavor’s technology and potential in Japan have been gaining momentum in capturing the attention of Japanese newspapers and media outlets. Recently, an article from Japanese online publication Energy Frontline interviewed Representative of Eavor Japan James Heatherington, and discussed the viability of Eavor’s technology in a country that has “high potential for geothermal power generation and high expectations for development using this technology.” Additionally, major Japanese newspaper Chunichi Shimbun features both the EUIF investment into Eavor’s Geretsried project and Chubu Electric Power Co. major investment in Eavor Technologies. The article comments: “The geothermal startup company that Chubu Electric Power has invested in has been granted 91.6 million Euro from the EUIF for its first commercial project in Germany, for which Chubu Electric Power has acknowledged the importance of. Electric production is expected to start in the latter half of 2024. This is a new type of renewable energy with high expectations.”

Energy CFO, business controller, and board advisor Paula Waggoner-Aguilar published a feature article demonstrating that in the last decade, there has been an increase of women pursuing careers in the energy sector. Data has shown that since the COVID-19 pandemic, the number of women finding jobs at energy companies is increasing, especially in renewables. Women working in affiliation with renewable energy make up 32 percent of positions globally. Of this percentage, 45 percent work in administration jobs over STEM related roles. In comparison, women represented 19 percent of the oil and gas workforce in 2021, which is a four percent improvement since its last study in 2018. In 2022, the Center for American Progress found that women represented 25 percent of the total energy workforce, an approximately 17.2 percent increase from PWC’s findings a little over a decade before.