February 10 (Renewables Now) - A demonstration project employing the closed-loop conduction-only geothermal energy technology developed by Eavor Technologies Inc has been completed and validated by a third party, the company announced last week.
The Eavor-Lite project near Rocky Mountain House, Alberta uses the Eavor-Lite technology, which produces heat and electricity by capturing geothermal energy without any emissions. It circulates a benign working fluid in a closed loop, collecting heat from the natural geothermal gradient of the Earth. The fact that the system works at drilling depths means it can be implemented almost anywhere around the globe, according to the company.
Eavor said it commissioned the facility on December 3, with the flow rate and temperature remaining steady and consistent ever since. The Netherlands-based organisation for applied scientific research, TNO, has independently assessed the project.
Together with strategic partners and investors, Eavor is now working to launch the first commercial projects implementing its technology as part of a "multi-year, multi-billion-dollar prospect pipeline."
Eavor's partners on the demonstration project included Shell International Exploration and Production, a subsidiary of Royal Dutch Shell Plc (AMS:RDSA), Precision Drilling as its key vendor partner and financial partner Vickers Venture Partners.