Eavor is pleased to announce the full completion and 3rd party validation of the Eavor-Lite™ demonstration project near Rocky Mountain House, Alberta. Eavor’s technology, known as “Eavor-Loop™” captures geothermal energy to produce steady and dependable heat and electrical power without emissions of any kind. Unlike traditional geothermal power plants, an Eavor-Loop™ works at drilling depths which have geologically common parameters and characteristics; enabling implementation almost anywhere in the world. This technology represents the opportunity to transform the world’s energy stack, redefine how energy is produced and address climate change.
In parallel with the successful demonstration, Eavor has assembled a multi-year, multi-billion-dollar prospect pipeline. Eavor is now working with strategic partners and investors to begin first commercial projects.
“Eavor’s innovative technological solution has been built, developed and demonstrated upon the foundations of the world-renowned drilling industry and energy services sector in Western Canada; together considered to be the “Silicon Valley” of energy services. The net result is that the Eavor-Loop™ solution is now poised to provide a uniquely scalable source of emissions-free baseload power to the world.”
– John Redfern, President and CEO, Eavor Technologies Inc.
The Eavor-Lite™ demonstration project broke ground on August 2nd, 2019, when two Precision Drilling rigs commenced simultaneous operations in Clearwater County, Alberta. As part of the world’s first drilling program, multi-lateral horizontal drilling intersections were made safely and successfully on September 1st & 11th, 2019. The drilling phase was completed on-time and on-budget on September 16th, 2019, 46 days after it began. Construction of the surface facilities and pipeline began on October 1st.