In 2023, venture capital in Canada witnessed a cumulative investment of $6.9 billion across 660 deals, with the fourth quarter attracting $1.4B over 142 deals, a year-end report from the Canadian Venture Capital Association shows. These data demonstrate “a return to pre-pandemic momentum despite a year-over-year slowdown caused largely by rising interest rates and economic uncertainties,” according to CVCA. Leveraging data from […]
Eavor
Three Calgary Companies Named to 2024 Global Cleantech 100
Canadian cleantech companies are making their mark on the world stage with 13 companies being named to the prestigious 2024 Global Cleantech 100 list, the 15th edition. This year the list of innovative and promising clean technology companies represents strong diversification of markets and sectors with representation from across Canada. While the West Coast stood […]
Five Companies That Are Hiring In Calgary Right Now
LinkedIn recently published their 6th annual Top Startups list, a resource featuring 15 Canadian companies that are rising to the challenges of the moment and continuing to innovate and gain attention in 2024. The list included Albertan startups like innovative fintech Neo Financial and AI pioneer AltaML. While there is no doubt that these startups […]
Canada Growth Fund Invests $90M Into Calgary’s Eavor Technologies
Calgary’s Eavor (pronounced “Ever”) is receiving $90 million from the federal government to help it scale its geothermal closed-loop technology at a commercial level. Eavor has developed an innovative technology solution to produce clean, reliable baseload heat and power using a proprietary closed loop geothermal system called Eavor-Loop™. Deputy Prime Minister and federal Finance Minister Chrystia […]
Alberta Celebrates Milestone as Eavor Advances Cleantech Project in Germany
Alberta’s emerging geo-energy sector is creating jobs throughout the province while helping other nations enhance energy security. In 2019, for example, Alberta’s government provided $2 million to help Calgary-based Eavor Technologies demonstrate the world’s first closed-loop geothermal system in Germany. In 2023, the project is ready to cut emissions while powering homes and businesses. “This […]
Calgary’s Eavor Secures $50 Million for Global Deployment of Geothermal Closed-Loop Technology
Calgary’s Eavor, the leader in globally scalable geothermal closed-loop technology, has completed the first close of their Series B equity round. OMV AG leads the round with a $50 million investment and has entered into a commercial agreement with Eavor to pursue large-scale deployment of Eavor-Loop technology in Europe and beyond. Follow-on investments from Eavor’s […]
Eavor Secures $134 Million for Next-generation Geothermal Project
Calgary’s Eavor Technologies has been awarded a CDN $134 million grant from the European Innovation Fund, in support of the Eavor-Europe™ geothermal project already under construction in Bavaria south of Munich near the town of Geretsried, Germany. The project is the world’s first commercial implementation of an Eavor-Loop™, a showpiece of the zero-emissions heat and […]
How Alberta is Advancing the Cleantech Economy in 2023
Alberta may be known primarily for oil and gas, but the province is increasingly home to one of Canada’s most robust cleantech ecosystems, where startups are continually making advances with technology—which is good news because some reports suggest that “climate concerns are at an all-time high.” For example, 15 of last year’s Foresight 50 were […]
Two Calgary Companies Named to 2023 Global Cleantech 100
Canadian cleantech companies are making their mark on the world stage with 12 companies being named to the prestigious 2023 Global Cleantech 100 list, the 14th edition. This year the list of innovative and promising clean technology companies represents strong diversification of markets and sectors with representation from across Canada. While the West Coast stood out […]
Eavor Technologies Receives Strategic Investment From Chubu Electric Power
Calgary’s Eavor Technologies has received a strategic investment from Chubu Electric Power for the global commercialization of Eavor-Loop™ technology. Eavor (pronounced “Ever”) is a geothermal technology based energy company led by a team dedicated to creating a clean, reliable and affordable energy future on a global scale. The Eavor-Loop™ system differs from conventional geothermal solutions […]