Eavor Partners with the Government of Alberta to Launch the Alberta Drilling AcceleratorCALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- On April 30, Eavor was joined by Rebecca Schulz, the Minister of Environment & Protected Areas, the Canadian Association of Energy Contractors, the Canadian Geothermal Energy Association, the Rural Municipalities Association, and Brazeau County to commence the planning and development of the Alberta Drilling Accelerator.
Japan’s Kajima Corporation Makes Direct Investment in Eavor Technologies Inc.CALGARY, Alberta and TOKYO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal energy technology, has entered into an agreement with Kajima Corporation (“Kajima”) to receive a direct investment into the company.
INSEAD acknowledges Eavor CEO John Redfern with their sustainability award for 2023CALGARY, Alberta and SAN FRANCISCO, Dec. 21, 2023 (GLOBE NEWSWIRE) -- The Co-Founder, President and CEO of Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded the inaugural INSEAD Business Sustainability Award at the INSEAD Americas Conference of 2023.
Capital Raise of $182 Million Confirms Eavor as the Leader in Scalable GeothermalCALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- 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 AG, with participation from Canada Growth Fund (“CGF”), Japan Energy Fund, Monaco Asset Management and Microsoft’s Climate Innovation Fund. Existing investors BDC, bp Ventures, Eversource Energy, Temasek and Vickers Venture Partners contributed and supported the funding round, while Chubu Electric Power Co., Inc. completed the conversion of their debentures.
U.S. Defense Department Awards Eavor Contract to Power Military Base through Advanced Geothermal SystemCALGARY, Alberta and SAN ANTONIO, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Eavor Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded a contract with the U.S. Air Force to provide Eavor-Loop™ generated geothermal energy to the Joint Base San Antonio facility in Texas.
Eavor commences commercialization through major investment and landmark partnership with OMVCALGARY, Alberta and VIENNA, Austria , June 14, 2023 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has completed the first close of their Series B equity round. OMV AG (“OMV”) leads the round with a €34 million (C$50mm) investment and has entered into a commercial agreement with Eavor to pursue large-scale deployment of Eavor-Loop™ technology in Europe and beyond.
Cooperation Agreement signed with Sonoma Clean Power for up to 200 MWe of Eavor-Loop™ in Northern CaliforniaCALGARY, Canada, March 28, 2023 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce the signing of a cooperation agreement with Sonoma Clean Power for the development of up to 200 MWe of new geothermal through the GeoZone initiative in Sonoma and Mendocino Counties, California.
Success at Eavor’s New Mexico project triggers follow-on strategic investmentsCALGARY, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (“Eavor”), a leader in globally scalable geothermal technology, is pleased to announce the successful completion of its next generation geothermal demonstration project in New Mexico, USA: Eavor-Deep™.
Deep Energy Capital and Eavor Technologies to build 5 geothermal projects as construction gathers pace at their first European siteLONDON and DUSSELDORF, Germany and CALGARY, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment firm, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, have agreed to develop, finance, construct and operate geothermal projects deploying Eavor’s advanced geothermal technology: Eavor-Loop™.
Groundbreaking ceremony for the drilling site of the Eavor-Loop™ project in GeretsriedGERETSRIED, Germany, Oct. 31, 2022 (GLOBE NEWSWIRE) -- The ceremonial groundbreaking of the drilling site in Geretsried marks the official start of construction for the world's first commercial geothermal project using Eavor-Loop™ technology.
Chubu Electric Power Acquires Strategic Stake in Eavor Technologies Inc.CALGARY, Alberta, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce that Chubu Electric Power Co., Inc. (“CHUBU”) has entered an agreement to make a direct investment in Eavor and support the commercialization of Eavor-Loop™ technology.
