Geothermal prospects in Turkey are heating up
Geothermal exploration activities are scheduled to commence in the Adana and Sivas provinces of Turkey. The General Directorate of Mineral Research and Exploration (MTA) has obtained the AR:18 License for an extensive area covering 4,983.5 hectares in the Adana province. As part of this license, the MTA intends to drill a well in the Kuzgun Village of Karaisali District, with an estimated project cost of approximately 10 million TL (equivalent to around USD 503,000). The planned borehole will reach a depth of 2,000 meters. In addition, the MTA has also planned geothermal exploration in the Yildizeli district of Sivas Province, which encompasses an area of 5,400 square meters within the larger 4,999-hectare territory covered by the AR:28 License. The drilling of proposed boreholes, expected to be 600 (+100) meters deep, will provide valuable information about the geothermal potential in the region.
Jesse Jenkins urges that huge changes to the electrical grid are needed to make the transition to clean energy
The American Federal Government is currently investing billions of dollars to expedite a transition to clean energy, and Professor at Princeton University and Eavor Advisor, Jesse Jenkins urges that huge changes to the electrical grid are needed to make that transition successful. Reporter Scott Patterson of the Wall Street Journal wrote an article detailing the importance of Jenkins and his team’s research at ZERO lab. This research contributed valuable insights towards climate laws and legislation that will efficiently reduce carbon emissions in the US. Jenkins attributed that he and his team’s main objective was to assist the government in achieving a climate law that “helped Senate staff target their most bang-for-the-buck provisions.” The article highlights that Jenkins and his team secured nearly $6 million in funds from nonprofit foundations, federal agencies, Bill Gates’s Breakthrough Energy, Google, and General Electric, which helped construct components of President Biden’s Build Back Better act. The act did not accumulate enough votes to be passed through the Senate; however, Jenkins’ research warned that if a bill wasn’t passed to incentivize a transition to a renewable power grid, emissions from the power sector would worsen by 2030.
Eavor’s Chris Cheng spoke at a panel dedicated to discussing sustainable solutions to increasing global energy demands
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.
Drilling commences with bit dedication ceremony for the world’s first commercial Eavor-Loop™ in Geretsried
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 pushes for more investments to fund further geothermal research
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.
How Rock-Pipe™ Works – With Vlad & Mo
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.
Great interest is generating around Eavor’s landmark partnership with OMV and the commercialization of Eavor-Loop™ technology
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.
Governor Polis of Colorado signed a new bill that will allow geothermal energy to become more prominent in the state
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.
Eavor’s presence at the Global Energy Show showcases ambitions to drive a revolution for renewable energy
Eavor’s EVP Corporate Affairs and co-founder Jeanine Vany had proactive discussions about the future of renewable energy at the Global Energy Show 2023. The Global Energy Show hosts exhibitions, panelists, conferences, and awards that bring a multitude of companies from across the petroleum and renewable energy sectors. Companies have the opportunity to showcase their technology and share innovative ideas on how to reduce Canada’s carbon footprint. Furthermore, experts were invited to stimulate conversations about how Canada can be a world leader in clean technologies. Organized by Young Women in Energy (YWE)’s Katie Smith-Parent, Vany was joined by panelists Vittoria Bellissimo, Laura Kennett, Vilasini P Pillay, and Nicole Boisvert to discuss renewable energy development in Alberta.
Children’s storybook highlights the important role that geothermal energy plays in achieving a sustainable future
Published last April, “Our Hidden Powers” is a light-hearted children’s book that illustrates a story about the importance of geothermal energy. Main character, Ignis, and her friends embark on a journey of self-discovery, and how geothermal power, as well as other forms of renewable energy, can help the planet. ThinkGeo recently interviewed the authors of the book, Kristina Hagström-Ilievska and Gabriella Skog, to learn more about the motivation behind the book’s creation. According to Hagström-Ilievska, inspiration came when trying to explain how geothermal energy works to her son. “Our Hidden Powers” was then created as a fun way to introduce geothermal energy to children, and teach the youngest generation how it can be utilized to help the planet.
Segment Director of Seequent demonstrates how geo-mapping software is assisting the acceleration of geothermal projects
ThinkGeo conducted an interview with Segment Director Jeremy O’Brien to discuss how Seequent has been adapting to shifting needs of the geothermal industry over the last decade. Seequent provides software that enables subsurface professionals to gain maximum value from their geological, geophysical, geochemical, reservoir engineering, and geotechnical data. Since 2012, the New Zealand-based software has been assisting the global industry in multiple ways, such as planning where to drill wells, understanding geothermal resources better, and using downstream tools to simulate reservoirs and assess their performance. According to O’Brien, approximately 65 percent of all current geothermal power generated globally is “supported by Seequent technology in one way or another.” He also stated that this technology is going to be a great asset as many countries aim for Net Zero in future decades.
Eavor is Excited to Welcome Stephan Hannke of OMV to our Board of Directors
Eavor is excited to welcome Stephan Hannke of OMV to our Board of Directors. Stephan Hannke is a Senior Advisor with OMV, a global oil, gas and chemicals group with headquarters in Vienna, Austria. Stephan works in the Low Carbon Business area of the Energy division, and together with his team, they are leading business growth in geothermal closed-loop technology (EAVOR) in selected European countries. His goal is to support the decarbonization of cities and industry, through identifying, enabling and delivering clean heat production using EAVOR geothermal closed-loop technology.
