Eavor™ is an Alberta-based tech company that has invented a new geothermal power generation technology that overcomes all the traditional roadblocks of geothermal.
Eavor is the world’s first viable form of green, scalable, baseload power, and aims to be a significant global energy source without the intermittency issues of traditional renewable power systems.
Eavor was founded in 2017 and is based in Calgary, Alberta, with an additional office in London, United Kingdom.
Eavor has created a highly effective green power generation system Eavor-Loop™, a new means of extracting power from the Earth’s natural geological temperature gradient. Eavor-Loop makes a traditional niche energy source, geothermal energy, scalable by removing the need for volcanic-type temperature and permeable aquifers.
Eavor uses the most recent advances in drilling techniques and merge them with the latest heat to power generation technology to create the world’s first scalable, steady, and reliable source of green power.
Eavor's investors include Vickers Venture Partners, Natural Resources Canada and Sustainable Development Technology Canada. The company raised C$15M ($11.3M) from its latest "Series A" financing on Sep 25, 2019. This brings Eavor's total funding to C$21.7M ($16.3M) to date.