EDMONTON – Eavor, an Alberta company building a closed-loop geothermal system, is deploying its technology to help heat and light German homes.
Alberta Minister of Environment and Protected Areas Rebecca Schulz joined German Chancellor Olaf Scholz, Minister-President of Bavaria Markus Söder and other European dignitaries to mark the start of drilling of the first commercial Eavor-Loop product, called Eavor-Europe, in Geretsried, Germany.
“This is a made-in-Alberta success story and a testament to our province’s innovative and entrepreneurial spirit. Using innovation and expertise perfected in our oil and gas sector, Eavor is proof that Alberta can, and will, export our energy and expertise as we help power the world. Alberta’s emerging geothermal and geoenergy sector is vitally important. It will create jobs here at home while helping our allies achieve energy security in the years ahead,” Schulz said in a statement.
The Eavor-Loop system is a “closed-loop geothermal system where a benign working fluid circulates in an industrial-sized, underground heat exchanger without the need for a pumping system,” according to an Alberta government release.
The technology is similar to an underground heat exchanger and independently circulates a heat medium in deep rock without using thermal water. The project is ultimately expected to provide enough electricity to power up to 18,000 homes and enough heat for up to 200,000 homes annually, the release said.
In 2019, the Alberta government provided Eavor Technologies with $1 million in funding through Emissions Reduction Alberta and $1 million in funding through Alberta Innovates. The first loop in the Geretsried project is targeted for completion in October 2024 with commercialization to follow. The fourth loop will be completed in August 2026.