CALGARY, Alberta, Oct. 25 (Korea Bizwire) — Eavor Technologies Inc., (“Eavor”) a pioneer in the field of advanced geothermal energy solutions today announces the successful completion of $182 million in financing. This significant investment will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology. The equity round was led by OMV [...]
CALGARY, Alberta and SAN ANTONIO, Texas, Oct. 03, 2023 (Korea Bizwire) — Eavor Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded a contract with the U.S. Air Force to provide Eavor-Loop™ generated geothermal energy to the Joint Base San Antonio facility in Texas. Eavor will assume a leadership role in [...]
CALGARY, Alberta and VIENNA, Austria , June 14 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has completed the first close of their Series B equity round. OMV AG (“OMV”) leads the round with a €34 million (C$50mm) investment and has entered into a commercial agreement with Eavor [...]
CALGARY, Alberta, Jan. 31 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”), a leader in globally scalable geothermal technology, is pleased to announce the successful completion of its next generation geothermal demonstration project in New Mexico, USA: Eavor-Deep™. Beginning in August and concluding in December of last year, after having drilled a two-leg multilateral well down [...]
DÜSSELDORF, Germany, Sept. 20 (Korea Bizwire) — Leading drilling, engineering and technology company KCA Deutag has announced that it has signed a contract with EAVOR ERDWÄRME GERETSRIED GmbH (“Eavor”) to provide two drilling rigs for the construction of Eavor’s first commercial Eavor-Loop™ system. Drilling and facility construction work will commence on the project near the [...]
CALGARY, Alberta, May 5 (Korea Bizwire) – $11.4 million early warrant exercise financing Eavor is pleased to announce receipt of $11.4 million in aggregate gross proceeds from the exercise of share purchase warrants issued as part of Unit Financings in 2018 and 2019. Each Unit issued in 2018 and 2019 consisted of one common share [...]