An article published by Contrary delves into how geothermal energy stands as a near-inexhaustible resource and how Eavor is playing a key role in developing sophisticated geothermal technologies.
The Earth’s core has been releasing energy since the planet’s formation 4.6 billion years ago, reaching a temperature of nearly 6000°C. This indicates that the potential of geothermal technologies is vast, and multiple Next-Generation Geothermal companies, including Eavor, are developing systems to utilize this power.
The article states that effectively harnessing just 0.1 percent of the Earth’s heat could supply the world’s energy needs for two million years, which could lead to an era of global energy abundance if it’s effectively tapped.
Traditional and enhanced geothermal systems are open-loop, requiring constant water replenishment as it dissipates into the earth. To significantly limit this dependency on water usage, Eavor has developed a closed-loop system that circulates and heats fluid within sealed wellbores. This advanced system, born from Alberta’s oil and gas expertise, is now being expanded to build a power plant in Geretsried, Germany, one capable of producing 64MW of thermal output.
The article also articulates that the geothermal industry is becoming a melting pot of energy engineers from oil, gas, and fusion research, with Eavor contributing innovative technology that harnesses what may become the Earth’s most crucial power source.