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Eavor’s CBO Paul Cairns demonstrates investment potential of Eavor’s technology

An opinion piece written by Eavor’s Chief Business Development Officer Paul Cairns was recently published in The Future Economy, highlighting the vast potential of investing in Eavor’s technology. In the context of a growing energy demand worldwide, the International Energy Agency stated that the world requires an excess of C$20 trillion of investment in energy supply to meet this pressing demand. Furthermore, BlackRock has stated that the Sustainable Development Goals are calling for an increase in renewable energy investment by the end of this decade to address this issue.

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Eavor-Europe™ paving a path for geothermal’s increased global competitiveness

Eavor EVP – Corporate Affairs Jeanine Vany and Chief Technology Officer Matt Toews draw parallels between Bavaria and Alberta to demonstrate insights about learning curves and setting regulatory foundations. In an article written for the Daily Oil Bulletin, Vany explains Eavor’s learning-by-doing process that has been central to developing projects, one that the oil and gas industry has used for decades. She emphasized the wealth of subsurface data in Germany which ultimately allowed for Geretsreid well planning and execution and described the significance of leveraging real time drilling data to make future drilling cheaper and more efficient on a project times scale.

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Eavor at the World Economic Forum 2024

CEO John Redfern and Executive VP Origination Robert Winsloe attended the World Economic Forum (WEF) 2024 in Davos, where they were invited to participate at the first ever geothermal roundtable. Alongside the roundtable, Redfern and Winsloe engaged with an array of influential entities such as Bloomberg, bp, INSEAD, and were invited to attend the Sustainable Development Goals forum. These discussions help Eavor to foster insightful exchanges with key stakeholders and share Eavor’s perspective with prominent organizations.

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Eavor becomes the #1 geothermal energy startup company in the world

A new update from energystartups.org places Eavor as the top geothermal energy startup in the world, a monumental achievement underlined by $365.3 million in accumulative funding. Eavor has garnered generous investments from global energy investors, developers, and venture capital funds since its inception, including Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, OMV, the Canada Growth Fund (CGF), and Microsoft.

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Eavor CEO John Redfern was interviewed by QR Calgary’s The Drive.

Redfern described how Eavor’s origins are rooted in repurposing abandoned oil wells in Alberta, and how the company leveraged oil and gas expertise to galvanize the success of closed-loop geothermal. Global underutilization of geothermal prompted Eavor’s team to challenge notions of high costs and risks associated within the sector, aiming to demonstrate how geothermal technology can be scaled globally.

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Boosting Next-Generation Geothermal in the United States

An article written by the Federation of American Scientists delves into how the United States has vast potential to utilize next-generation geothermal technologies, and proposes how to navigate challenges that are limiting the financial feasibility of geothermal. According to the article, the U.S. power grid is undergoing a transformative shift towards cleaner energy, mostly by increasing integration of wind and solar. However, to achieve full-scale decarbonization, it’s necessary to implement geothermal energy into the new energy ecosystem.

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