Geothermal Archives | Be Korea-savvy

Capital Raise of $182 Million Confirms Eavor as the Leader in Scalable Geothermal

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 [...]

Geothermal Power Plant is a First for Korea

POHANG, Feb. 15 (Korea Bizwire) – Electricity generated from geothermal energy will soon be distributed to South Korean households for the first time in history. The electricity will come from Pohang, a city on the southeast coast of the Korean Peninsula, which has been making use of geothermal energy some four kilometers below the surface [...]