Amarjeet Sohi, Minister of Natural Resources, announced $6.7 million in federal funding to support Eavor Technologies’ novel approach for the next generation of geothermal engineering.
Eavor Technologies is developing an innovative prototype for a closed-loop geothermal system that will create renewable energy using the earth’s natural heat.
The federal funding, provided by Natural Resources Canada’s Clean Growth Program and Sustainable Development Technology Canada, will go toward construction of a demonstration facility for this technology — the Eavor-Lite facility, a collaborative effort with Precision Drilling, Shell New Energies and a number of other key partners — near Rocky Mountain House, Alberta.
“This innovative project demonstrates that we can build upon, and transfer, expertise from the oil and gas sector to supply cleaner forms of energy, leading to potential new export markets for Canada. The Government of Canada will continue to make smart investments in research and innovation to develop new clean energy technologies, meet our climate goals and create economic growth that benefits everyone”, Amarjeet Sohi said.
“We look forward to the construction and completion of the demonstration facility right here in Alberta this summer. The demonstration of our technology and solution will provide the validation needed to unlock Eavor’s already-identified commercial opportunities at home and around the world”, John Redfern, President and CEO, Eavor Technologies, added.
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