About
Founded in 2017, Eavor is a private headquartered in Calgary, Canada specializing in Geothermal.
Eavor Technologies Inc. is a next-generation geothermal energy company dedicated to making geothermal energy truly scalable on a global scale. The company has developed a proprietary closed-loop geothermal technology called the Eavor-Loop, which uses a contained working fluid circulated in a closed system to extract heat efficiently from underground sources, similar to a vehicle radiator. This approach mitigates traditional geothermal challenges and enables deployment in diverse locations. The company has demonstrated its technology through the Derek Riddell Eavor-Lite Demonstration Facility near Rocky Mountain House, Alberta, consisting of two vertical wells joined by multilateral legs at 2.4 km depth. Eavor has also achieved first electricity production at its Geretsried commercial project in Germany. The company maintains offices across Canada, the United States, Europe, and Japan, and is led by a team with backgrounds in oil and gas transitioning to clean energy. Eavor was recognized as Overall CleanTech Innovation of the Year in 2026 and has been selected as one of Darcy's Top 10 Innovators in Low Carbon Power.
Headquarters
Calgary, Canada
Founded
2017
Company Type
Private
Business Models
Value Chain
Projects
Derek Riddell Eavor-Lite Demonstration Facility
Geretsried Geothermal Project
Certifications & Awards
Awards
Overall CleanTech Innovation of the Year
Top 10 Innovators in Low Carbon Power