Eavor completes geothermal funding round : vimarsana.com

Eavor completes geothermal funding round


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Eavor Technologies Inc. (Eavor), a leader in scalable geothermal technology, has completed a US$40 million funding round. These investments, and the partnerships formed around them, are critical to the commercialisation of the technology and to help Eavor scale its extensive project pipeline.
The company’s technology, known as Eavor-Loop
™, uses the natural heat of the earth as a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. This technology differs from other forms of geothermal in that it is a scalable ‘go anywhere’ solution, harvesting geothermal heat to generate dispatchable power with zero emissions.

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