Press and Updates
The Past, Present and Future
- June 10 2019
Eavor selected as a Creative Destruction Lab Finalist
- April 25 2019
Government of Canada Announces Unique Geothermal Project in Alberta
- March 13 2019
Eavor announces Shell collaboration on demonstration of disruptive geothermal technology
- October 15 2018
Eavor Technologies announces new funding and partnerships
- June 20 2018
Hot Commodity: Geothermal electricity in Alberta
- May 10 2018
Eavor at Energy Disruptors 2018
- April 20 2018
Jeanine Vany joins Eavor as Executive Vice President of Geosciences
- March 15 2018
Matt Toews joins Eavor as Chief Technology Officer
June 10 2019
Eavor selected as a Creative Destruction Lab Finalist
Eavor Technologies Inc. will participate in the “Super Session” in Toronto this week as a finalist in the 2018/2019 Creative Destruction Lab process.
The Creative Destructive Lab (CDL) was founded at the Rotman School of Management at the University of Toronto seven years ago to support massively scalable, science and technology-based startups. Since then, it has grown from a single cohort of 25 science-based startups to 15 cohorts in six cities, representing 375 companies. More than 450 mentors guide the next generation of innovators through the nine-month program, bringing a depth of expertise in science, technology, business and investment.
“CDL provides a framework for us to not only challenge each other, but also makes us accountable to each other, driving us to elevate our own views on what is possible,” says CDL Fellow Sally Daub, who is the Founder and Managing Partner of Pool Global Partners.
At the end of its 2018/2019 year, the CDL program is graduating 150 high potential start-ups, and gearing up to expand its global footprint by launching the program at the Saïd Business School at the University of Oxford. On June 12 and 13, these graduating ventures from across the CDL network will be joined by CDL mentors, investors, world-class scientists, policy makers, business leaders and students.
CDL Super Session is where a global community of ambitious, imaginative people striving to transform the way research is commercialized converge. At Super Session, ventures will showcase advancements made during the program, finalize early-stage financing, and reveal technological breakthroughs to an international audience. It’s also an opportunity to hear from the brightest minds in deep-science and technology.
Speakers at Super Session include some of the world’s most innovative entrepreneurs and investors. A year after the launch of the CDL Space stream, participants will hear from Colonel Chris Hadfield and the first female private space traveller and CEO of XPRIZE, Anousheh Ansari. In his keynote, visionary entrepreneur, investor, and philanthropist John Risley will describe the vast opportunities in one of CDL’s newest streams — Oceans. Attendees will also hear from prolific investor Vinod Khosla, physician-turned-tech entrepreneur Alexandra Greenhill and award-winning author Ramez Naam.
Super Session will also host talks by:
- His Royal Highness Prince Constantijn of The Netherlands, Special Envoy for StartupDelta
- Alan Aspuru-Guzik – Professor, University of Toronto | Faculty Member, Vector Institute | CIFAR Senior Fellow | Canada 150 Research Chair in Theoretical Chemistry
- Piraye Beim – Founder and CEO, Celmatix
- Sally Daub – Founder and Managing Partner, Pool Global Partners
- Stephen Lake – Co-founder and CEO, North
- Barney Pell – Founder, Vice Chairman | Chief Strategy Officer, Moon Express
- Patrick Pichette – General Partner, iNovia Capital | Former CFO, Google
- Peter Tertzakian – Executive Director, ARC Energy Research Institute
- Ted Livingston – Founder and CEO, Kik
- David Tisch – Managing Partner, BoxGroup
Ultimately, Super Session is where CDL’s global community celebrates the impact of a program designed to transform science projects into massively scalable and financeable businesses.
About the Creative Destruction Lab
The Creative Destruction Lab is a seed-stage program for massively scalable, science-based companies. Its nine-month program pairs founders with experienced entrepreneurs and investors to set focused, measurable objectives with the goal of maximizing equity-value creation. Founded in 2012 by Professor Ajay Agrawal at the Rotman School of Management at the University of Toronto, the program has now expanded with locations in Vancouver, Calgary, Montreal, Halifax, and Oxford.
Since its inception in 2012, companies that have participated in the CDL program have created over $3.8 billion (CAD) in equity value. CDL Alumni include North (Waterloo), Atomwise (San Francisco), Deep Genomics (Toronto), Automat (Montreal), Kyndi (Palo Alto), and Heuritech (Paris).
Learn more about the CDL Super Session here.
For more information about the Creative Destruction Lab, please contact:
Marketing, Creative Destruction Lab
April 25, 2019
The Government of Canada is taking steps to protect the environment and grow the economy while creating good, middle-class jobs and more opportunities for Canadians.
The Honourable Amarjeet Sohi, Minister of Natural Resources, today announced $6.7 million in federal funding to support Eavor Technologies Inc.’s novel approach for the next generation of geothermal engineering.
Eavor Technologies Inc., a Calgary-based company dedicated to creating a cleaner energy future, is developing an innovative prototype for a closed-loop geothermal system that will create renewable energy using the earth’s natural heat.
The federal funding, provided by Natural Resources Canada’s Clean Growth Program and Sustainable Development Technology Canada, will go toward construction of a demonstration facility for this technology — the Eavor-Lite facility, a collaborative effort with Precision Drilling, Shell New Energies and a number of other key partners — near Rocky Mountain House, Alberta. The successful implementation of Eavor-Lite will unlock identified commercial opportunities, and the facility will support ongoing research and development for this unique technology.
Through Canada’s national energy dialogue, Generation Energy, Canadians made it clear that reliable, affordable clean energy solutions are not a luxury but a necessity for Canada’s low-carbon future. We will continue to support clean energy initiatives that create jobs, support investment and industry competitiveness, advance our clean future and help realize our global climate change goals.
“This innovative project demonstrates that we can build upon, and transfer, expertise from the oil and gas sector to supply cleaner forms of energy, leading to potential new export markets for Canada. The Government of Canada will continue to make smart investments in research and innovation to develop new clean energy technologies, meet our climate goals and create economic growth that benefits everyone.”
Canada’s Minister of Natural Resources
“Innovative projects like the one developed by Eavor Technologies Inc. demonstrate how a strong economy and a clean environment go hand in hand. Today’s investment will not only help develop the next generation of geothermal engineering but will also help create and maintain jobs in the energy industry.”
Canada’s Minister of Innovation, Science and Economic Development
“We look forward to the construction and completion of the demonstration facility right here in Alberta this summer. The demonstration of our technology and solution will provide the validation needed to unlock Eavor’s already-identified commercial opportunities at home and around the world.”
President and CEO, Eavor Technologies Inc.
“Eavor is developing a competitive geothermal solution that will be able to produce green electricity and heat on demand to thousands of homes. SDTC’s investments in companies, like Eavor, help to develop new environmental technologies in Canada that will be adopted around the world.”
President and CEO, Sustainable Development Technology Canada (SDTC)
“Alberta Innovates develops and invests in research, technology and innovation to help technology developers and industry clients accelerate technology development and deployment, grow their businesses and enhance the competitiveness of the resource sector. We collaborate with industry partners to find innovative solutions to solve challenges and meet emerging opportunities. Partnering with Eavor Technologies to demonstrate their new approach to geothermal energy development creates a potential source of clean power and the opportunity to put Alberta’s significant drilling expertise to use in advanced clean energy projects.”
Vice President, Clean Energy, Alberta Innovates
“While Precision’s primary customer base is made up of oil and gas companies, we are also strong supporters of all energy sources necessary to meet growing global energy demand. The Eavor demonstration project brings to us an exciting opportunity to work with leading edge companies like Eavor and Shell in the development of new, scalable forms of advanced geothermal energy.”
President and CEO, Precision Drilling Corporation
“In searching for the next breakthrough in geothermal energy, we at Shell came up with our top-ten list of what was holding geothermal energy back. We recognized that Eavor-Loop™ and its unique conduction-only closed-loop design had the potential to address many of these concerns. That is why we’re supporting Eavor and their Eavor-Lite™ demonstration project.”
Geothermal Focus Leader, Shell New Energies
- Eavor’s disruptive new solution, Eavor-Loop, will be the world’s first truly scalable form of green baseload power. Eavor achieves this by mitigating or eliminating many of the issues that have hindered the expansion of traditional geothermal solutions.
- Project partners include: Precision Drilling (www.precisiondrilling.com); Shell New Energies (www.shell.com); Shear Fluids (www.shearfluids.com); the University of Alberta; Codeco-Vanoco Engineering (www.vanococonsulting.com); the University of Toronto; Rangeland Engineering Canada (www.rangelandeng.com); Certus Oil and Gas (www.certusoil.com); Enlighten Geoscience Ltd. (www.enlightengeoscience.com); Petrel Robertson Consulting (www.petrelrob.com); and GLJ (www.gljpc.com).
- Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada to promote sustainable development and support projects that develop and demonstrate new technologies to address issues related to climate change, air quality and clean water and soil. SDTC invests in Canadian companies that, through their innovative technologies, contribute positively to Canada by creating quality jobs, driving economic growth and protecting the environment.
- Natural Resources Canada’s Clean Growth Program (CGP) is a $155-million investment fund that helps advance emerging clean technologies toward commercial readiness so that natural resource operations can further reduce their impacts on air, land and water, while enhancing competitiveness and creating jobs.
- Canada is a world leader in the production and use of energy from renewable resources, with 66 percent of its electricity production generated from renewable sources.
Natural Resources Canada
Office of the Minister of Natural Resources
Eavor Technologies Inc.
President and CEO
Follow us on Twitter: @NRCan (http://twitter.com/nrcan)
March 13 2019
Calgary, Alberta, Canada – March 13, 2019
Eavor Technologies Inc. (“Eavor”) is pleased to announce Shell International Exploration and Production, via its New Energies Research & Technology program, has signed an agreement to join a field trial of Eavor’s disruptive new closed-loop conduction-only geothermal energy solution (“Eavor-LoopTM”). As part of the agreement Shell will provide technical expertise towards the design of the drilling, completion, and facility construction of Eavor’s demonstration project (“Eavor-LiteTM”), as well as a follow-on commercial implementation.
Eavor-LiteTM Demonstration Facility
The ten million-dollar ($10M CAD) demonstration project, Eavor-Lite, is designed to showcase all of Eavor’s unique and proprietary design elements at scale. The site, located near Rocky Mountain House, Alberta, will also be used as an ongoing test facility for advanced operating fluids being developed under Eavor’s ongoing R&D program. Drilling is to commence on Eavor-LiteTM in Q3 2019.
Eavor-LoopTM Full Scale Commercial Facility
Following successful completion of the demonstration facility, work will commence towards a commercial Eavor-LoopTM installation. While Eavor has a growing pipeline of such commercial power, heat, and combined heat+power opportunities from around the world, the first commercial Eavor-Loop project is expected to be a 65M EUR heat-only project in the Netherlands.
Why we’re working with Eavor
Malcolm Ross, the geothermal focus leader in the Shell New Energies Research & Technology team, explained the relevance of Eavor and its demonstration project. “In searching for the next breakthrough in geothermal energy, we at Shell came up with our top ten list of what was holding geothermal energy back. We recognized that Eavor-LoopTM, and its unique conduction-only closed-loop design had the potential to address many of these concerns. That is why we’re supporting Eavor and their Eavor-LiteTM demonstration project.”
Why we’re working with Shell
“Working with Malcolm and his colleagues at Shell’s New Energies Research & Technology team, has been extremely helpful”, said John Redfern, President & CEO of Eavor. “We appreciate Shell’s ability to look beyond conventional geothermal paradigms and see the potential of this completely new scalable form of geothermal energy. Eavor continues to seek out and work with progressive companies like Shell to leverage this technology on a global scale. Our goal is to convert the energy equivalent of ten million homes in ten years to the Eavor-LoopTM solution.”
About Eavor Technologies Inc.
Eavor’s solution (Eavor-Loop™) is designed to be the world’s first truly scalable form of green baseload energy. It’s a disruptive technology that eliminates or mitigates many of the issues with traditional geothermal. As a completely closed-loop system, there is no fracking, no GHG emissions (unlike some geothermal projects), no earthquake risk, no water use, no produced brine or solids, and no aquifer contamination. Eavor’s system circulates a benign working fluid which is isolated from the environment in a closed loop, much like a massive subsurface version of a traditional radiator. It simply collects heat from the natural geothermal gradient of the Earth, at geologically common rock temperatures. Unlike other green power solutions (e.g. wind and solar), Eavor-Loop™ is not intermittent, but instead produces much needed reliable baseload power. Unlike traditional geothermal, it isn’t reliant on volcanic-like temperatures in combination with highly permeable aquifers. Eavor™ makes geothermal truly scalable and eliminates the major sources of exploratory cost and risk. For further information go to www.eavor.com and https://vimeo.com/301259525
Eavor Technologies Inc.
President & CEO
Innovative geothermal company to build technology demonstration site in Alberta.
Eavor Technologies is pleased to announce the awarding of new grants and partnerships that will serve to further advance their unique and innovative geothermal technology. The ten million-dollar ($10M CAD) demonstration site, Eavor-Lite, is designed to showcase all of Eavor’s unique and proprietary design elements at scale. The site, located not far from Rocky Mountain House Alberta, will also be used as an ongoing test facility for advanced operating fluids being developed under Eavor’s ongoing R&D program. Drilling is to commence on Eavor-LiteTM in Q3 2019.
Eavor’s solution (Eavor-Loop™) is designed to be the World’s first truly scalable form of green baseload energy. It’s a disruptive technology that eliminates or mitigates many of the issues with traditional geothermal. As a completely closed-loop system, there is no fracking, no GHG emissions (unlike some geothermal projects), no earthquake risk, no water use, no produced brine or solids, and no aquifer contamination. Eavor’s system circulates a benign working fluid which is isolated from the environment in a closed loop, much like a massive subsurface version of a traditional radiator. It simply collects heat from the natural geothermal gradient of the earth, at geologically common rock temperatures. Unlike other green power solutions (e.g. wind and solar), Eavor-Loop™ is not intermittent, but instead produces much needed reliable baseload power. Unlike traditional geothermal it isn’t reliant on volcanic-like temperatures in combination with highly permeable aquifers. As such Eavor™ makes geothermal truly scalable and eliminates the major sources of exploratory cost and risk.
Following successful completion of the demonstration facility, work will commence towards a commercial Eavor-LoopTM installation. While Eavor has a growing pipeline of such commercial power, heat, and combined heat+power opportunities from around the World, the first commercial Eavor-Loop project is expected to be a 65M EUR heat-only project in the Netherlands.
Eavor is currently working with Creative Destruction Lab (CDL) for the next year. This exciting program is focused on the development of massively scalable, science-based companies. CDL has programs with Universities and strategic investors in Toronto, Vancouver, Calgary, Montreal and Halifax as well as New York.
June 20 2018
April 20 2018
Jeanine Vany is an APEGA registered professional geologist with a career spanning over 15 years in the oil and gas industry. Her experience ranges from reservoir characterization, drilling and operations to full field delineation strategies, asset management, and acquisition. Vany has spent her career at foremost E&P companies such as EnCana, Devon and Total. She joined GLJ Petroleum Consultants in 2012, where she led the geoscience aspects of in-situ reserves and resource evaluations in addition to working deep basin unconventional plays. Prior to joining Eavor™, Vany managed geoscience at Castle Rock, a consultancy firm specializing in the geothermal space as it relates to oil and gas.
Jeanine holds an Honours B.Sc degree in Geology and Environmental Studies from Saint Mary’s University and a Business Essentials Certificate from the Haskayne School of Business, University of Calgary.
March 15 2018
Matt Toews is a professional engineer with over a decade of experience in production and operations with a focus on management and technology development. Fueled by a passion for new ventures and developing projects from the ground up, Toews has produced an extensive portfolio of pilot projects with a successful track record of creating value through technology commercialization. During his tenure at Cenovus Energy, Toews led a team accountable for wellbore design and optimization at Cenovus’ thermal assets – the largest such assets in the world which produce an aggregate 370,000 bbl/d. He has also managed the commercialization of solvent-assisted SAGD technology for these assets.
Toews graduated with Distinction from the University of Calgary Oil and Gas Engineering, and is a member of APEGA and SPE. He has authored and co-authored several papers and currently has multiple patents pending.