CALGARY, Alberta and TOKYO, Feb. 20, 2024 (Korea Bizwire) – Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal energy technology, has entered into an agreement with Kajima Corporation (“Kajima”) to receive a direct investment into the company. The investment by Kajima demonstrates Eavor’s ability to attract capital from various entities and develop key [...]
CALGARY, Canada, March 28 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce the signing of a cooperation agreement with Sonoma Clean Power for the development of up to 200 MWe of new geothermal through the GeoZone initiative in Sonoma and Mendocino Counties, California. The Geothermal [...]
DÜSSELDORF, Germany, March 9 (Korea Bizwire) — Eavor Technologies Inc. and Eavor Erdwärme Geretsried GmbH (together “Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded a €91,6 million grant from the European Innovation Fund (“EIF”), in support of the Eavor-Europe™ geothermal project already under construction in Bavaria south of Munich near the [...]
LONDON and DUSSELDORF, Germany and CALGARY, Alberta, Dec. 8 (Korea Bizwire) — Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment firm, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, have agreed to develop, finance, construct and operate geothermal projects deploying Eavor’s advanced geothermal technology: Eavor-Loop™. Deep Energy will [...]
GERETSRIED, Germany, Oct. 31 (Korea Bizwire) – The ceremonial groundbreaking of the drilling site in Geretsried marks the official start of construction for the world’s first commercial geothermal project using Eavor-Loop™ technology. The next chapter of the energy revolution is being written in Geretsried. The world’s first commercially operated Eavor-Loop™ system is being built using new [...]
CALGARY, Alberta, Oct. 14 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce that Chubu Electric Power Co., Inc. (“CHUBU”) has entered an agreement to make a direct investment in Eavor and support the commercialization of Eavor-Loop™ technology. Along with CHUBU’s investment they will have a [...]
CALGARY, Alberta, Aug. 30 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep™). Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. Eavor has developed process and technologies [...]
CALGARY, Alberta, DÜSSELDORF, Germany and BRESCIA, Italy, July 5 (Korea Bizwire) — Eavor, the leader in scalable geothermal energy, has selected Turboden S.p.A. (“Turboden”) for the development of their project in the South of Germany in Geretsried (Bavaria). This investment in Turboden’s Organic Rankine Cycle (“ORC”) system will be used in the first commercial Eavor-Loop™ [...]
LONDON and MUNICH, Germany and CALGARY, Alberta, Dec. 7 (Korea Bizwire) — Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment house, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, announce their cooperation to deploy advanced geothermal technology, Eavor-Loop™, a new source of clean, baseload and flexible heat and [...]
CALGARY, Alberta, Feb. 16 (Korea Bizwire) — Eavor Technologies Inc., the leader in scalable geothermal technology, has completed a USD$40 million (CAD$50.7 million) funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline. Eavor’s technology, known as [...]