May 6, 2021
Power Technology - A $40m investment: could Eavor help geothermal realize its potential?
A great article featuring Eavor written by JP Casey was recently published in Power Technology.
*"Geothermal power is one of the world’s most high-potential, yet rarely delivered energy sources. Could a new $40m investment from industry majors such as bp and Chevron help Canadian firm Eavor develop a solution to realize geothermal’s great potential?"*
There were some excellent quotes from Eavor’s board member and managing director at bp Ventures, Chad Bown.
*“It doesn’t rely on specific geological structures and the technology can theoretically be deployed anywhere.”*
*“I believe Eavor’s technology will lead to an increase in geothermal power usage.”*
*“The funding will also help Eavor scale its already extensive project pipeline and deliver on its ambition – to power the equivalent of 10 million homes by 2030.”*