As the U.S. government intensifies efforts to promote the adoption of Next-Generation Geothermal, the Bureau of Land Management (BLM) announced it is seeking to speed up permitting on federal land. Historically, geothermal initiatives faced extensive federal reviews under the National Environmental Policy Act. On April 15 BLM said it would integrate two established categorical exclusions into its evaluation framework. These exclusions will streamline the review process for geothermal projects, potentially facilitating next-generation geothermal exploration and adaptation efforts. Notably, the ..read more

Canada Growth Fund (CGF) has committed C$50 million to Idealist Climate Impact Fund LP, managed by Idealist Capital, marking its third major investment. This venture underscores CGF’s continuing ambition to foster growth and innovation within the Canadian clean technology sector. Idealist Capital, a Montreal-based investment manager, focuses on providing growth equity investments to companies driving the energy transition. With a mission to accelerate decarbonization, Idealist integrates Environmental, Social, and Governance (ESG) criteria into its investment decisions, aiming to deliver supe ..read more

Dr. Carsten Reinhold, a geoscientist and feasibility manager at Eavor GmbH, recently shared insights on the benefits of Eavor’s technology as a guest on OMV’s podcast. In this episode that summarizes geothermal’s potential, host and journalist Steve Chaid introduces geothermal as the “very important last link that is connecting an infinite renewable resource with population centers around the world.” Reinhold describes Eavor’s unique advantages, including the capacity to provide crucial baseload energy for many countries aiming to adapt to climate change effects. Despite initial high drillin ..read more

Eavor-Loop technology could be instrumental in propelling Japan towards its target of achieving carbon neutrality in a recent dialogue with Japan External Trade Organization (JETRO) and James Heatherington, VP and Representative of Eavor Japan. The decision to enter the Japanese market was fueled by strategic partnerships, notably with Chubu Electric Power Company, a prominent utility player in Japan. Through direct investments and collaborative ventures in Geretsried, Chubu Electric has not only provided financial support but also bolstered Eavor’s credibility within the Japanese energy sect ..read more

Eavor founder and CEO John Redfern was listed within The Power List 2024 curated by Maclean’s Magazine, earning a place among the top 10 influential individuals in Canada championing climate-friendly solutions. Maclean’s described Eavor’s closed-loop technology as the solution that “cracked the code” to globally scaling geothermal, providing sustainable clean energy while simultaneously expanding a once-niche industry. According to the International Renewable Energy Agency, geothermal electricity accounted for only 0.5 percent of the global renewable energy capacity, having grown at an avera ..read more

The Guardian recently published an article discussing how the U.S. is “cracking the code” on how to scale geothermal energy nationwide, and it showcases Eavor as a model for harnessing near-inexhaustible baseload energy suitable for replacing oil and gas. The article explains that geothermal energy has been historically constrained to specific geographic regions; however, it is now gaining traction as a viable option for providing zero-emissions power. According to Amanda Kolker, geothermal laboratory program manager at the National Renewable Energy Laboratory (NREL), geothermal presents a pr ..read more

German publication Merkur recently published articles highlighting Eavor’s presentation to the Weilheim City Council, located southwest of Munich and directly east of Geretsried, to begin a feasibility study in the surrounding area. Having secured mining permission for geothermal exploration in the region encompassing Ammersee, Starnberger See, and Polling, Eavor showcased its ongoing project in Geretsried to provide a framework for a similar venture near the town of Weilheim in Oberbayern. Dr. Carsten Reinhold, Eavor geologist who is leading the feasibility study, expressed optimism about t ..read more

In a recent press release, Google, Microsoft, and Nucor announced that the companies will collaborate to aggregate demand in the market to scale advanced clean electricity technologies. This effort focuses on leveraging technologies such as advanced nuclear, Next-Generation Geothermal, and long-duration energy storage. These technologies have great potential to deliver firm, dispatchable power, bridging the gaps in renewable energy production and facilitating the decarbonization of the grid, according to the International Energy Agency (IEA). The announcement comes proceeding notable develop ..read more

Eavor GmbH recently announced a partnership with SWU Stadtwerke Ulm/Neu-Ulm GmbH, a municipal utility company that supplies the region with electricity, gas, water, heat, to explore implementing Eavor-Loop technology in the region and pave the way for Neu-Ulm and Senden to achieve local energy autonomy. This collaboration aligns with Neu-Ulm’s ambitious goal to decarbonize by 2040, a commitment emphasized by Mayor Katrin Albsteiger, who urges immediate action to achieve it. “With the plan to transform heat distribution, we shall demonstrate our commitment to incorporate innovative and safe e ..read more

Eavor’s Executive Vice President for North America Bailey Schwarz presented at the Diversity and Inclusion Session during the IADC/SPE International Drilling Conference 2024 in Galveston, Texas. An essential part of Eavor’s work culture is harnessing innovative ideas and working with the “best brains” in the industry. During an interview with Drilling Contractor Magazine, Schwarz explains Eavor’s dedication to looking beyond a narrow labour pool to create a diverse workplace with the skillsets that Eavor needs. Success and growth in a company, she elaborates, involves introspection and consid ..read more