We are excited to share with you our recent collaboration with RE:TV for a special video featurette featuring John, Bailey and Lynette.
From RE:TV
Geothermal technology with a key part to play in the clean energy transition
With global demand for energy expected to increase by 50% by 2050, it is essential we find a range of energy sources to replace fossil fuels and support the transition to a clean energy future.
Eavor's revolutionary geothermal technology provides a source of constant, stable energy to complement less reliable renewable energy sources, such as wind and solar, and can be used in a broad range of locations all over the world, and has a much smaller footprint than other renewable technologies.
After trialling their prototype system in Alberta over the last three years, they are now embarking on a series of commercial and industrial-sized projects, breaking ground on two projects in Bavaria and New Mexico, which will be the world's deepest and hottest directional geothermal well ever drilled.
The system absorbs heat via conduction and then brings it to the surface via an underground heat exchanger. The depth of drilling can vary depending on the geological location, reaching depths of up to nine kilometres and temperatures of 300°C.
As a closed loop system, it mitigates many of the issues that have hindered traditional geothermal solutions, and offers an opportunity for countries around the world to develop energy security.
Next-generation geothermal steals the spotlight during CERAWeek + Meeting with U.S. Department of Energy Secretary Jennifer Granholm
The 41st annual CERAWeek Conference by S&P Global has dominated industry headlines for more than a week, and renewable energy spent more time in the limelight than conventional sources like oil and gas.
In particular, the emerging next-generation geothermal industry received a great deal of attention, reinforcing what major players in the sector already know: geothermal's revival is gathering global momentum, and Calgary-based Eavor Technologies holds a key position at the industry's helm.
Jeanine Vany, Eavor's executive vice president of corporate affairs, met with U.S. Department of Energy Secretary Jennifer Granholm during the week-long event, following a panel appearance by CEO John Redfern in an Agora session on the opening day of CERAWeek.
Granholm appeared at Rice University on Tuesday, March 7, for a roundtable with geothermal energy industry leaders. The discussion focused on funding, permitting and regulation, and transitioning existing technology and knowledge from oil and gas to geothermal. Granholm was also featured as a keynote speaker on Wednesday, March 8, alongside S&P Global vice chairman Daniel Yergin.
She told the gathering that providing locally sourced, environmentally friendly, and reliable energy is a dilemma she loses sleep over, but "geothermal is the solution I am obsessed."
