September 23rd 2019

Vickers Venture Partners Invests in Cleantech Startup Eavor

Investment is part of Eavor’s $15 million Series A funding round and marks Vickers Venture Partners’ first investment in Canada

SINGAPORE, September 23rd, 2019 – Vickers Venture Partners today announced their investment in Eavor, a disruptive solution provider in the geothermal energy space. The investment is Vickers’ first ever in a Canadian startup and closes Eavor’s CAD$15 million Series A investment round. The funds will be used to pursue Eavor’s growing pipeline of commercial opportunities around the world.

Eavor is the world’s first viable form of green, scalable, baseload power, and aims to be a significant global energy source without the intermittency issues of traditional renewable power systems. Eavor-Loop, the company’s solution, is a new means of extracting power from the Earth’s natural geological temperature gradient. Eavor-Loop makes a traditional niche energy source, geothermal energy, scalable by removing the need for volcanic-type temperature and permeable aquifers.

A 2019 U.S. Department of Energy research paper predicted that geothermal energy, once scalable, has the potential to provide between 8 to 16% of U.S. electricity generation by 2050, becoming a significant source of energy. The company aims to use Eavor-Loop globally to transfer 10 million homes over the next 10 years onto heat or power from Eavor’s distributed green baseload solution.

Vickers Venture Partners’ Chairman, Dr. Finian Tan, said, “We have been working with Eavor for six months on this and are convinced that Eavor can change the energy industry as we know it. Eavor can achieve this by ending the traditional energy balancing act between scalable baseload solutions and intermittent green solutions. Eavor instead delivers what the world truly needs; scalable, green, baseload energy.”

Eavor’s President & CEO, John Redfern, said, “It is great to have Vickers Venture Partners join in our funding round. While our core R&D functions are now well funded, Eavor and its partners will need access to project finance on a scale equivalent to wind and solar if we are to change the world. We’re fortunate to have the team at Vickers on board, not only as an investor, but also to help us structure and raise the capital we need on a global scale.”

About Eavor Technologies Inc:
Eavor’s solution (“Eavor-Loop™”) represents 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 traditional geothermal solutions. As a completely closed-loop system, Eavor has the advantage of no fracking, no GHG emissions, no earthquake risk, no water use, no produced brine or solids, and no aquifer contamination. Eavor instead circulates a benign working fluid which is completely isolated from the environment in a closed-loop, much like a massive subsurface radiator. This “radiator” simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common rock temperatures. Unlike traditional geothermal, Eavor isn’t burdened with exploratory risk or limited to niche geographies through the need for highly permeable aquifers at volcanic-like temperatures. Unlike wind and solar, Eavor-Loop™ is not intermittent, but instead produces much-needed reliable baseload power. Unlike other forms of power, Eavor is benign enough to power an entire neighborhood literally from someone’s backyard. Eavor is the solution the world has been waiting for. See: www.eavor.com

About Vickers Venture Partners:
Vickers Venture Partners is a global venture capital firm focused on early-stage investments in Asia and beyond. The firm’s portfolio covers life sciences, technology, media, and telecommunications as well as consumer and financial services. The partners’ track records include hits such as Baidu.com, Inc (NASDAQ: BIDU), Focus Media Holding Ltd (NASDAQ: FMCN), Kongzhong Corp (NASDAQ: KONG), Cambridge Real Estate Investment Trust (SGX: CREIT), Sunfun Info Co. (Gretai: 5278) Asian Food Channel (trade sale), UUCUN (trade sale), TWG Tea (trade sale), RTG Asia (trade sale), JJE (trade sale), Hillstone (trade sale), M-Daq (trade sale), Tenfen (trade sale), Kuyun (trade sale) and Mainspring (trade sale). The total market value of the companies that the partners have helped grow exceeds US$ 90 billion today. Vickers Venture Partners announced in October 2017 that they have raised US$ 230 million to invest in startups around the world, with a particular focus on deep tech across the globe and impact investments in emerging markets.

Vickers Venture Partners was founded by Finian Tan together with his co-founders Khalil Binebine, Jeffrey Chi, Damian Tan, Linda Li and Raymond Kong in 2005. It is based in Singapore with offices in Kuala Lumpur, Shanghai, Hong Kong, New York, San Diego, Silicon Valley, and London.

Media Contacts:

Vickers Venture Partners
REDHILL Communications
Pranav Rastogi
Deputy Managing Director
+6587487919
pranav@redhill.asia

Eavor Technologies Inc.
John Redfern
President & CEO
650-269-2501
john.redfern@eavor.com
www.eavor.com

September 16th 2019

Eavor-Lite™ Drilling Phase Successfully Completed

Calgary, Alberta, Monday, September 16th, 2019 — Eavor Technologies Inc. (“Eavor™”) is pleased to announce the successful completion of drilling activities at its’ demonstration facility (“Eavor-Lite™”).
At our project location in Clearwater County, Alberta, East of Rocky Mountain House, the World’s first of its kind multi-lateral horizontal drilling intersection was made safely and successfully on September 1st, 2019.

Photo taken by Nick Mason – Wellsite Geologist

PD241 Rig Crew (shown left right): Randy Thomas, Jay Ross, Colt Tonita, Tim Bennett, Chris Dufresne (Directional Driller) and Gabe Bernard (Directional Driller).

Not Shown:

  • Ryan Staysko (Rig Manager, PD Rig No. 241)
  • Keith McCarty (Rig Manager, PD Rig No. 231) and his Rig Crew
  • Nick Mason (Wellsite Geologist – Chinook Petroleum)
  • Troy Martin, Joel Harrison and Sheldon Schmidt of Scientific Drilling and the crew from Big Guns Wireline.

Drilling & Completions Operations
Certus Oil and Gas – Lease Holder & Operator
Precision Drilling – Drilling and MWD Operations
Scientific Drilling Intl. – Wellbore Intersection
Codeco-Vanoco Engineering – Drilling Supervision
Shear Fluids – Drilling Fluid System
Chinook Petroleum – Wellsite Geology
Big Guns Wireline Services – Wireline Services

On August 2nd and August 4th, 2019, two Precision Drilling rigs, spaced approximately 2.5km apart, commenced vertical drilling operations to an intermediate casing point of approx. 2,400m (2.4km). Once these vertical sections were cased and cemented in place, both rigs continued to drill two multi-lateral wellbore sections towards each other until making precise and safe wellbore intersections of the 156mm (6.125”) diameter opposing boreholes. As the multi-lateral wellbore intersections are now successfully intersected, the drilling rigs are moving off their respective locations for the installation of surface facilities and a buried pipeline. Please click to watch a video of the drilling sites.

“While we are very pleased to have completed the drilling phase of this demonstration project safely, efficiently, on-time and on-budget, Eavor and our partners remain focused on the commencement of our next phase of facility and pipeline construction with commissioning currently scheduled for Q4 2019.
– Derek Riddell – Vice-President, Operations

The Eavor-Lite™ demonstration facility showcases Eavor’s unique and proprietary design elements at a near commercial scale. This innovative “made in Alberta” geothermal solution uses existing oil and gas drilling technology and expertise to facilitate a revolutionary and unique energy system known as “Eavor-Loop™”.

“Several delegations from around the world have already visited and toured the demonstration site, with several more to come. The primary purpose for these tours and meetings is to allow business partners, international governments and regulators as well as potential customers for commercial implementations access for due diligence and technical review.”
– Paul Cairns – CBDO

About Eavor Technologies Inc:

Eavor’s solution (“Eavor-Loop™”) represents 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 traditional geothermal solutions. As a completely closed-loop heat-pipe system, Eavor has the advantage of no fracking, no GHG emissions, no earthquake risk, no water use, no produced brine or solids, and no aquifer contamination. Eavor instead circulates a benign working fluid which is completely isolated from the environment in a closed-loop, much like a massive subsurface radiator. This “radiator” simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common and drilling accessible rock temperatures. Unlike traditional geothermal, Eavor isn’t burdened with exploratory risk or limited to niche geographies through the need for highly permeable aquifers at volcanic-like temperatures. Unlike wind and solar, Eavor-Loop™ is not intermittent, but instead produces much-needed reliable baseload power. Unlike other forms of power, Eavor has a benign footprint which small enough to fit in someone’s backyard. Eavor is the solution the world has been waiting for.

Quick facts

Related Information
www.eavor.com
https://eavor.com/eavor-lite/
https://vimeo.com/301259525

Media Contacts
Eavor Technologies Inc.
John Redfern – President and CEO, Director
650-269-2501
info@eavor.com
www.eavor.com

August 21 2019

Eavor Technologies Drives Innovative Geothermal System Towards Commerciality Providing New Opportunity for Alberta’s Energy Services Sector

Calgary, Alberta, Wednesday, August 21st, 2019 — Eavor Technologies Inc. has developed an innovative “made in Alberta” geothermal energy solution. In a demonstration project near Rocky Mountain House, the Eavor-Lite™ project uses existing Alberta oil and gas drilling technology and expertise to facilitate a revolutionary and unique energy system known as “Eavor-Loop™”.
Building on years of research and development, the proprietary technology has recently gained substantial support both privately and with the investment of one million dollars from each of Alberta Innovates and Emissions Reduction Alberta.
In a gathering today many were witness to the construction of the Eavor-Lite™ demonstration facility and therein a World’s first of its kind drilling operation.

“The Government of Alberta is very supportive of innovative projects like Eavor-Lite, which have the potential to create private sector jobs and further diversify the energy industry in our province.”
– Prasad Panda – Minister of Infrastructure

“Projects like the Eavor-Lite demonstration advance new technologies and can create highly skilled jobs. They show how investing in innovation reduces GHG emissions while growing the economy. Projects like this are possible because of the experience and unique approaches in energy services, drilling and technology development that are found in Alberta.”
– Laura Kilcrease – Alberta Innovates (AI)

“ERA is pleased to work with our partners to advance promising technologies toward commercialization. If proven successful, Eavor Technologies’ innovative approach to heat and power production could unlock geothermal opportunities both within and outside of Alberta, demonstrating to the world that we are taking real action to deliver global solutions.”
– Steve MacDonald – Emissions Reductions Alberta

“Alberta is truly the “Silicon Valley” of energy services. The Eavor-Loop™ system incorporates the best of our province’s energy technology capabilities and prowess, to provide a new and sustainable opportunity for our world-renowned drilling industry. The net result is a uniquely scalable source of emissions-free baseload power.”
– John Redfern, President & CEO – Eavor Technologies Inc.

Eavor’s technology and the Eavor-Lite™ facility provides a vital step to re-energizing and re-engaging our Alberta energy services industry. With only minor reconfiguration of existing oil and gas technology, Eavor™ can help our industry take hold of new opportunities, without the reliance of commodity prices or the issues around pipeline infrastructure and regulatory uncertainty. Alberta’s energy services workforce comes fully trained for the job of constructing commercial Eavor-Loop™ systems, and now simply need the opportunity. Eavor’s™ technology is providing inspiration and hope to the thousands of Albertans, who are ready to work.

“Precision Drilling is proud to contribute our High Performance – High Value, drilling services and expertise to enable the development of a sustainable non-traditional energy alternative. The opportunity to take advantage of experience and capabilities, leveraging years of investment in our People, Drilling Rigs and Drilling Technology, for the development of a sustainable zero emission energy alternative is exciting for Precision Drilling.”
– Kevin Neveu – President & CEO – Precision Drilling

“Certus is excited to be working with Eavor to construct the world’s first continuous loop geothermal system, and it’s great to see Eavor utilizing Canadian energy industry expertise to help develop this transformative approach to harnessing geothermal energy.”
Robert Brady – President & CEO – Certus Oil and Gas Inc.

Quick facts

  • The Eavor-Loop™ technology harnesses the Earth’s natural heat kilometers underground to be used at surface for heating or to generate electricity. While the gathering of geothermal energy is not new, Eavor’s technology is highly scalable and holds the promise to be a significant global energy source which does not have the intermittency issues of traditional renewable power systems.
  • The Eavor-Lite™ demonstration project is designed to showcase Eavor’s unique and proprietary design elements. The demonstration project began drilling in early August and will test the technology at near-commercial scale. The facility, once complete, serves as a testbed and proxy for commercial Eavor-Loop™ implementations globally.
  • Project supporters, vendor partners and partners include: Precision Drilling; Shell New Energies; Shear Fluids; Certus Oil and Gas; Rangeland Engineering Canada; the University of Alberta; Codeco-Vanoco Engineering; the University of Toronto; Rangeland Engineering Canada; Enlighten Geoscience Ltd.; Petrel Robertson Consulting; Chinook Petroleum; and GLJ.
  • As the Government of Alberta looks at ways to encourage the development of new and cleaner Alberta-based technologies to reduce emissions, innovative technologies—such as geothermal—will help attract new investment and diversify our vast natural resource potential. We are confident that Alberta-based technologies will lead the next generation of geothermal engineering while illustrating that Alberta is open for business. A strong research and innovation system gives our province a competitive edge, positions Alberta for continued success in the global economy, and attracts foreign investments.
  • Alberta Innovates invests in research, innovation and entrepreneurship to drive provincial economic growth and diversity. We ignite the power of innovation through our work with researchers, industry and entrepreneurs to move Alberta to a lower-carbon future, enhance the responsible use of land and water, and contribute to the improved health and well-being of Albertans. www.albertainnovates.ca
  • Emissions Reduction Alberta invests the proceeds from carbon pricing paid by large final emitters to reduce GHGs and build the resilience of new and incumbent industries in Alberta. Their investments help innovators develop and demonstrate GHG-reducing technologies that enable new business opportunities and build on existing ones. www.eralberta.ca

Related Information

www.eavor.com
https://vimeo.com/301259525
Radio: https://omny.fm/shows/ryan-jespersen-show/geothermal-pilot-project-underway-in-canada
TV: https://globalnews.ca/video/5802182/calgary-company-launches-geothermal-energy-project

Media Contacts

Alberta Innovates
Dwayne Brunner – Manager, Media Relations
780-429-9344
Dwayne.Brunner@albertainnovates.ca

Emissions Reduction Alberta
Michelle Gurney
403-762-9357
mgurney@eralberta.ca

Eavor Technologies Inc.
John Redfern – President and CEO
650-269-2501
info@eavor.com
www.eavor.com

August 6 2019

Eavor-Lite™ Commencement of Construction

Eavor Technologies Inc. (“Eavor”) is pleased to announce commencement of construction of its demonstration facility (“Eavor-Lite™”). The first well for this facility began drilling on Friday, August 2nd, 2019 and the second began drilling Sunday, August 4th, 2019.  These wells, anticipated to be drilled and connected within two months, are the first step in the construction of the $10 million Eavor-Lite™ facility – the world’s first truly closed-loop geothermal system.

Located near Rocky Mountain House, Alberta, Eavor-Lite™ will demonstrate and showcase Eavor’s unique and proprietary design elements at a near commercial scale.

“We look forward to the construction and completion of the demonstration facility here in Alberta this summer. The drilling operations are scheduled to be completed in September of this year with full completion of the surface facility and initial testing beginning in Q4 2019.”

Derek Riddell – VP Operations

The demonstration of its technology at this scale will provide the validation needed to de-risk Eavor’s currently identified commercial opportunities at home and around the world. Several national and international corporate, technical and governmental delegations are making arrangements to visit the demonstration site during its construction and to meet with Eavor’s technical team and partners.

“Private tours of the facility and drilling operations can be arranged by contacting Eavor™ directly – Eavor-Lite Tours, and while the World is invited the primary purpose for the tours and meetings are to allow business partners and potential customers for commercial implementation(s) access for due diligence and technical review. These tours will be conducted between August 12th and September 15th.”

Robert Winsloe – VP, Sales & Marketing

About the Eavor-Lite™ Demonstration Project

The closed-loop system consists of a large U-tube shaped well at 2.4km depth, with several kilometers of multilateral horizontal wellbores, and a pipeline connecting the sites on surface. Two drilling rigs are operated simultaneously from both sites and used to intersect the multilateral wellbores at depth.

Water is circulated in the inlet well, through the parallel wellbores to extract heat by conductive heat transfer with the rock, and rises up the outlet wellbore at a higher temperature.  The density difference between the inlet well and outlet well creates a thermosiphon which completely drives the flow, without any pumping power.

A test facility on surface is designed to measure all relevant performance data and enable optimization of the system. Post completion, the Eavor-Lite™ facility will continue to provide an ongoing test facility for advanced operating fluids and other processes currently under development.

About Eavor’s Closed-Loop Conduction-Only Technology

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.

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 circuit, much like a massive subsurface version of a traditional radiator. It simply collects heat from the natural geothermal gradient of the Earth, at common rock temperatures.

Unlike other green power solutions (e.g. wind and solar), Eavor-Loop™ is not intermittent, but instead produces a much-needed reliable baseload power. Unlike traditional geothermal, it is not reliant on volcanic-like temperatures in combination with highly permeable aquifers. Eavor™ makes the use of geothermal energy 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

Acknowledgements

Eavor would like to both thank and acknowledge its partners and supporters for the Eavor-Lite™ facility:

  • Precision Drilling (precisiondrilling.com), it’s vendor partner for the drilling component of the Eavor-Lite™ facility.
  • Shell International Exploration and Production, via its New Energies Research & Technology program (shell.com) have agreed to join Eavor’s field trial earlier this year.
  • The Government of Canada, via Natural Resources Canada’s Clean Growth Program and Sustainable Development Technology Canada are providing $6.7M in grant funding.

Media Contact

Eavor Technologies Inc.
John Redfern
President and CEO
650-269-2501
info@eavor.com
www.eavor.com

August 1 2019

Bailey Schwarz joins Eavor as Lead Engineer

Eavor Technologies Inc. is pleased to announce the addition of Bailey Schwarz to the Eavor team in the role of Lead Engineer. Ms. Schwarz is a professional engineer with a decade of hands on engineering experience that focused on data analytics and process optimization. Bailey has a passion for innovation, actively seeking opportunities to trial new technologies and push boundaries. During her tenure at Cenovus Energy, Ms. Schwarz led a multi-disciplinary team of engineers to commission and operate industry leading, large scale steam assisted gravity drainage facilities spanning cogeneration, steam generation, processing and water treatment. Bailey graduated with a Degree in Chemical Engineering from McGill University and recently passed her CFA Level I exam.

June 10 2019

Eavor selected as a Creative Destruction Lab Finalist

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:

Amarpreet Kaur
Marketing, Creative Destruction Lab
Email: amarpreet.kaur@creativedestructionlab.com

April 25, 2019

Government of Canada Announces Unique Geothermal Project in Alberta.

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.

Quotes

“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.”

Amarjeet Sohi

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.”

Navdeep Bains

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.”

John Redfern

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.”

Leah Lawrence

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.”

John Zhou

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.”

Kevin Neveu

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.”

Malcolm Ross

Geothermal Focus Leader, Shell New Energies

Quick facts

  • 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.

Related Information

Eavor-Loop Demonstration Project

www.eavor.com

https://vimeo.com/301259525

Contacts

Natural Resources Canada
Media Relations
343-292-6100
NRCan.media_relations-media_relations.RNCan@canada.ca

Vanessa Adams

Press Secretary

Office of the Minister of Natural Resources

343-543-7645

Vanessa.Adams@canada.ca

Eavor Technologies Inc.
John Redfern

President and CEO

650-269-2501
john.redfern@eavor.com

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)

March 13 2019

Eavor announces Shell collaboration on demonstration of disruptive geothermal technology

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

Media Contacts

Eavor Technologies Inc.
John Redfern
President & CEO

650-269-2501
john.redfern@eavor.com

Eavor Technologies announces new funding and partnerships

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

Hot Commodity: Geothermal electricity in Alberta

Canada West Foundation publishes new report on Geothermal Energy featuring innovative Eavor-Loop
 
Press Release
 
Report – Hot Commodity: Geothermal Electricity in Alberta

May 10 2018

Eavor at Energy Disruptors 2018

Eavor will be presenting and participating in Energy Innovation Showcase at Energy Disruptors Conference in Calgary on May 15th 2018.

Click here for more info.

April 20 2018

Jeanine Vany joins Eavor as Executive Vice President of Geosciences

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 joins Eavor as Chief Technology Officer

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.