As stated by the EIB, the Eavor Geretsried Project is the first commercial scale implementation of an innovative closed loop geothermal technology. It aims at generating baseload combined heat and power, through heat conduction transfer between rocks in the subsurface and a wellbore-isolated cycling fluid.
The project will enhance the feasibility, competitiveness and scalability of the technology, by demonstrating its application to diverse geological settings. Such technology might possibly be applied to a wider range of locations compared to conventional geothermal energy.
The objective is to support the integration of geothermal heat and power in the energy system and as a baseload source of energy with the aim to reduce emissions of greenhouse gases, in line with the EU and national renewable energy targets.
The project will also contribute to further innovative technologies in the energy sector and thus contribute to learning-by-doing and positive knowledge externalities.
As stated by Bloomberg, Eavor Technologies Inc. provides renewable energy equipment. The Company offers geothermal power generation technology for drilling techniques. Eavor Technologies serves clients in Canada and the United Kingdom.
As stated on the company's website, Eavor Erdwärme Geretsried GmbH is a project company of Eavor GmbH, Düsseldorf, and is part of Eavor Technologies Inc. based in Calgary, Canada. Eavor Erdwärme Geretsried GmbH is dedicated to the design, construction, and operation of the Eavor-Loop™ for renewable energy production in the community of Geretsried.
Eavor Technologies Inc. was founded in 2017 by specialists in the Canadian energy industry. Cutting-edge patents in drilling technology and well sealing make the innovative closed-loop system of the Eavor-Loop™ technically possible.
The functional science behind the Eavor-LoopTM technology has been continuously tested and validated over the last four years through the Eavor-LiteTM demonstration project operating near Rocky Mountain House in Alberta, Canada.
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No project contacts provided at the time of disclosure.
Client - Eavor Erdwärme Geretsried GmbH:
Parent Company: Peter-Müller-Straße 14, 40468 Düsseldorf, Germany
Construction site: Herrnhauser Str. 75, 82538 Geretsried
Parent Company: +49 211 169 759 13
Construction site: +49 1520 957 65 54
Parent Company: https://eavor.de/ / https://www.eavor.com/
Construction site: https://eavor-geretsried.de/en/
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