Eavor Technologies has positioned itself as a global leader in scalable geothermal power with the first commercial project of its kind in the world — a closed-loop system delivering power to the grid in Geretsried, Germany.
Mark Fitzgerald, President and CEO of Eavor, said, “We are proud to the announce the successful delivery of the world’s first electrons generated from closed-loop multilateral wells. With Geretsried now on-stream, we’re more confident than ever that our closed-loop geothermal system, designed for adaptability and suited to the world’s diverse regions, will secure its place as the leading solution for commercial geothermal application.â€
Eavor’s closed-loop technology — the Eavor-Loop — is suitable across a wide range of geologies. The system does not require future re-drilling, water sourcing or treatment, resulting in minimal maintenance and operating costs compared to other technologies.
Fabricio Cesario, Head of Project Delivery and Operations, commented, “The technological and commercial success at Geretsried validates the project as the blueprint for wider European and global rollout as regions seek stable, local derived carbon-free energy sources with minimal land and water usage. We are especially grateful to our project partners for their confidence and early investment which were instrumental in pushing the first of a kind learning phase and advancing the project maturation.â€