In an article published in Newsweek, Eavor Executive VP Origination Robert Winsloe describes Eavor’s evolving global viability and widespread appeal. Winsloe explains that rather than relying on hot aquifers, which accounts for about 5 percent of the world’s surface, Eavor’s approach is to harness heat that is accessible across the planet; heat from hot subterranean rock. This makes Eavor’s technology globally scalable, with the possibility to implement local energy autonomy almost anywhere in the world.

InsideHook delves into Eavor’s mission to revolutionize the energy landscape in a feature article published on http://msn.com , detailing the company’s co-founders’ strategic approach to overcoming geothermal energy limitations and scaling it globally.

A presentation from Development Engineer, Ryan Martin demonstrated the technological successes of Eavor-Loop™ technology, and the benefits it offers, at the ETIP Geothermal Annual Conference in Pisa, Italy. Martin explained that the benefits of Eavor-Loop™ are multifaceted. For example, not only does it eliminate the reliance on permeable aquifers, it has a minimal surface footprint, and its inherent density-driven circulation eliminates the need for pumps, ensuring a parasitic load-free system.

In the context of rising temperatures worldwide, the EU has committed to achieving climate neutrality by 2050, and intends to transition away from carbon-based fuels to renewable energy sources. According to the Director-General for Climate Action Kurt Vandenberghe, one of the biggest challenges in achieving that goal is scalability, as the reliability of intermittent sources are susceptible to weather patterns and daylight hours.

Eavor’s base city, Calgary, has been recognized as one of the top cleantech ecosystems in the world according to the Startup Genome report. The report, unveiled at COP28 in Dubai, identified Calgary as an ‘ecosystem to watch’ on a global scale, as it earned a spot within the Global Cleantech Top 35 ranking. Startup Genome, a San Francisco-based policy advisory and research firm, placed Calgary’s achievement alongside well-established cleantech hubs such as Silicon Valley, Los Angeles, Boston, New York City, and Vancouver, affirming Calgary’s pivotal role in shaping the future of clean technology. The report states that among the $34.6 billion global average, Calgary’s ecosystem is valued at $5.2 billion.

We wanted to know what the Eavor team had to say about their transition from Oil and Gas to Geothermal. This is their story.