Business ExpandingEavor Technologies Inc., an Innovative Canadian Scalable Geothermal Technology Company, Secures Investment from Chubu Electric Power Co., Inc.

Eavor Technologies Inc. was founded in 2017 and is headquartered in Calgary, Alberta. The company has developed Eavor-Loop™ geothermal technology, a closed-loop system in which working fluid (freshwater) circulates several thousand meters underground and collects heat by thermal conduction, without the need for natural convective hydrothermal resources. A natural thermo-siphon drives this system, so there is no pumping or fracking required, no induced seismicity, and no greenhouse gas emissions with a small surface footprint.

Eavor-Loop™ can be placed almost anywhere, unlike the traditional approach to geothermal energy which needs to first discover a hot, permeable aquifer and then to bring that water to the surface. It consists of two wells, an injector and a producer, drilled to the target depth. A radiator section is then built by drilling and connecting successive lateral pairs. Eavor's design uses a single drilling location for both vertical wells. Deep down in the earth, the wells turn approximately 20 to 90 degrees and then split into multilaterals to create more surface area for the working fluid to be in contact with the rock, thus increasing heat extraction and overall efficiency. Having succeeded in a demonstration project in Alberta in 2019-2020, the company has received a series of investments from major global energy companies and has projects under development in Bavaria, Germany, and the Southwest, U.S., as part of the commercialization of the technology.