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Eavor Technologies
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Developer of closed-loop, conduction-only geothermal energy solutions

Founded in 2017
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Company type Private Public ()
Company type

Industry Group energy & power

Sector geothermal

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Calgary, AB Calgary, Canada
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Updated by Sunena Gupta at on 03/31/2025

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Date Partner Type
01/24/2022
Deep Energy Capital Deep Energy Capital
The pair will develop advanced geothermal technology, Eavor-Loop, to provide clean, baseload heat and power.
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Confirmed by Deep Energy Capital
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IPO INFORMATION

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Date Investors Type Amount
05/13/2024 European Investment Bank European Investment Bank , JBIC JBIC , ING ING , Mizuho Corporate Bank Mizuho Corporate Bank (4)
Post-money valuation of
Funds will be used to propel Eavor-Loop™ power plant at Geretsried
Loan $48,555,000
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