Founded in 2017, Calgary’s Eavor has developed a closed-loop geothermal system, known as the Eavor-Loop, which draws on Alberta’s deep reservoir of drilling expertise.
For multiple years now, the Canadian cleantech innovator has been working on its first commercial-scale project, located in Germany, which this year garnered $138M in financial support from the federal government.
This month, Eavor announced that it has officially begun delivering power to the German grid from its facility at Geretsried.
“We are proud to announce the successful delivery of the world’s first electrons generated from closed-loop multilateral wells,” stated Mark Fitzgerald, who has served as chief executive officer of Eavor since his appointment in October.
“With Geretsried now on-stream, we’re more confident than ever that our closed-loop geothermal system, designed for adaptability and suited to the world’s diverse regions, will secure its place as the leading solution for commercial geothermal applications,” he said.
Fitzgerald says that achieving the milestone formally proves that clean heat and power are possible 24/7 through Eavor’s geothermal technology, which does not require future re-drilling, water sourcing, or treatment.
“The technological and commercial success at Geretsried validates the project as a blueprint for wider European and global rollout as regions seek stable, locally derived carbon-free energy sources with minimal land and water usage,” commented Fabricio Cesário, who functions as Head of Project Delivery and Operations for Eavor.
Cesário says Eavor remains committed expanding its global portfolio.
Eavor was this year named to TIME Magazine’s inaugural list of the World’s Top Cleantech Companies.
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