Alberta’s emerging geothermal and geoenergy sector is creating jobs in Alberta and helping other nations enhance energy security. In 2019, Alberta’s government provided $2 million to help Calgary-based Eavor Technologies Inc. demonstrate the world’s first closed-loop geothermal system. Now, this successful project is ready to cut emissions while powering homes and businesses in Germany.
On Aug. 24, Minister of Environment and Protected Areas Rebecca Schulz joined German Chancellor Olaf Scholz, Minister-President of Bavaria Markus Söder and other European dignitaries to celebrate the start of drilling on the first commercial Eavor-Loop™, known as Eavor-Europe™, in Geretsried, Germany. 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.
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