Eavor Technologies logo

Eavor Technologies

Growth

Achieved first power delivery to the German national grid from its Geretsried closed-loop geothermal facility in 2025 — the world's first commercial project of its kind — backed by over $750M in equity from bp Ventures, BHP, Temasek, and the Canada Growth Fund.

Best for: Closed-Loop Geothermal Energy
Climate & EnergyClosed-Loop Geothermal EnergyWebsiteUpdated April 2026

Company Overview

Eavor Technologies developed the Eavor-Loop, a proprietary closed-loop geothermal system that circulates a working fluid through a sealed subsurface radiator, collecting the Earth's natural heat with no groundwater contact, no induced seismicity, and no emissions. Unlike conventional geothermal, Eavor-Loop is deployable in regions without volcanic hotspots, making it globally scalable as baseload clean energy. The Calgary-based company is recognized as a top geothermal startup globally and holds committed capital from blue-chip energy and sovereign wealth investors.

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