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Calgary geothermal tech leader Eavor awarded $130 million CND grant from EU to help European energy security

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News Release from Eavor Technologies Inc.

Eavor’s next-generation geothermal project awarded €91,6 million grant from the European Innovation Fund

Eavor Technologies Inc. and Eavor Erdwärme Geretsried GmbH (together “Eavor”), the leader in globally scalable geothermal closed-loop technology, has been awarded a €91,6 million grant from the European Innovation Fund (“EIF”), in support of the Eavor-Europe™ geothermal project already under construction in Bavaria south of Munich near the town of Geretsried, Germany.

The project is the world’s first commercial implementation of an Eavor-Loop™, a showpiece of the zero-emissions heat and power production capabilities of next-generation geothermal technology, and a flagship site for the fundamental ability of Eavor-Loop™ to provide energy security and autonomy, globally.

Construction began in October 2022, with drilling scheduled to commence in July 2023. Two of Europe’s largest drilling rigs are already under a four-year contract with KCA-Deutag. An Organic Rankine Cycle (“ORC”) power plant is being designed and constructed simultaneously with drilling operations in collaboration with Turboden S.p.A., with the first energy production scheduled for Q4, 2024.

John Redfern, President, CEO and Co-Founder at Eavor Technologies Inc., stated: “I’d like to thank the European Commission. We at Eavor are humbled to be included in the EIF program alongside so many prestigious European multinationals. We believe this first commercial Eavor-Loop™ will open the floodgates to the broad implementation of what is the first truly scalable form of green baseload energy. In this way, we hope to help Europe solve its twin existential threats of Climate Change and lack of Energy Autonomy”.

The project will result in 8,2 MWe and ~44.000 tCO2e GHG emissions avoided per year including anticipated heat offtake and power sales. Eavor estimates that ~20.000 homes will be powered with clean energy harnessed from the Earth and up to 600 person-years of drilling services and powerplant/infrastructure jobs will be created during the construction phase of the project.

Philippe Dumas, Secretary General at the European Geothermal Energy Council, stated: “I’m glad to see the EC Innovation Fund supporting the geothermal project submitted by Eavor GmbH to commercially demonstrate innovative renewable district heating and power supply in Geretsried, Germany. Given the energy, climate and food security crisis as well as the need to meet the tripling of the geothermal target by 2030, this innovative project is of paramount importance: it will increase the security of electricity supply, help decarbonise the district heating sector, reduce greenhouse gas emissions and stimulate technological innovation all of which could also be replicated elsewhere.

Daniel Mölk, President at Eavor GmbH, stated: “Eavor would like to thank regional stakeholders, the Bavarian/German Governments, the community, and operational partners generally. Eavor, and its project partners, Chubu Electric Power Co., Inc. and Enex Power Germany GmbH, are honoured to be so welcomed and supported by all.”

Project Summary

The Eavor-Loop™ at Geretsried, Germany will provide clean baseload energy for district heating and/or power generation. It consists of multiple large underground radiators buried at 4,500 metres. Operating under a natural thermosiphon requiring no pump and no aquifer, clean fresh water will circulate through the radiator carrying the heat to surface.

With practically no greenhouse gas (GHG) emissions during operation, Eavor Loop will avoid almost 100% of the emissions compared to the reference scenario. Eavor Loop is also an environmentally friendly solution: it can be installed virtually anywhere providing the EU with a scalable, secure source of renewable heat and power. An on-site visitor centre will be built and open to the public interested to know more about the technology and the operations of this first-of-kind implementation. – Eavor-Europe™ Webpage

About the European Innovation Fund (EUIF):

With projected revenue of more than €38 billion by 2030 from the EU Emissions Trading System (ETS), the Innovation Fund aims to create the right financial incentives for companies and public authorities to invest in the next generation of low-carbon technologies and give EU companies a first-mover advantage to become global technology leaders. The EUIF focuses on highly innovative technologies and big flagship projects within Europe. The European Commission is tasked with overall management and implementation of the fund and has designed the European Climate, Infrastructure and Environment Executive Agency (CINEA) as the implementing body of the fund.

The first call for large-scale projects awarded grants of €1.1 billion to 7 projects in energy-intensive industries, hydrogen, carbon capture, use and storage, and renewable energy.

The projects selected under the €1.8 billion second call for large-scale projects were evaluated by independent experts based on their ability to reduce greenhouse gas emissions compared to traditional technologies and to innovate beyond the state-of-the-art, while being sufficiently mature for deployment. Other selection criteria included the projects’ potential for scalability and cost effectiveness. – Innovation Fund

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. [email protected] | Eavor.com

About KCA Deutag:

With over 130 years of experience, KCA Deutag is a leading drilling, engineering and technology company working onshore and offshore with a focus on safety, quality and operational performance. We operate approximately 81 drilling rigs in 14 countries, either directly or through our affiliates, employing people in Africa, Europe, the Middle East, the Caspian Sea and Canada. KCA Deutag consists of our business units: Land, Offshore and Kenera. Land and Offshore are our operational divisions delivering safe, effective, trouble-free operations across 20 countries. Kenera brings together our design and engineering specialists RDS and land rig and oilfield manufacturer Bentec under one business unit. Kenera was established to expand our offering in both hydrocarbons and energy transition markets, with three dedicated segments covering innovative services, technology and engineering, and manufacturing. For further information on KCA Deutag please visit kcadeutag.com

About Turboden:

Turboden S.p.A., Mitsubishi Heavy Industries froup company, is an Italian firm and a global leader in the design, manufacture, and maintenance of Organic Rankine Cycle (ORC) systems, highly suitable for distributed generation, that generate electric and thermal power exploiting multiple sources, such as renewables (biomass and geothermal energy), traditional fuels, and waste heat from industrial processes, waste incinerators, engines, or gas turbines. Today Turboden expands its technological solutions with gas expanders and large heat pumps to play a broader role in the decarbonisation of the district heating sector and of energy-intensive industrial processes. turboden.com

 

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Alberta

Canada’s postal service refuses to help with Trudeau’s gun ban buyback program: report

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From LifeSiteNews

By Anthony Murdoch

According to a report, Canada’s mail service notified the Trudeau government via a letter that it would not participate in the buyback scheme, citing safety concerns for its employees.

Canadian Prime Minister Justin Trudeau’s federal government crackdown on legal gun owners through a buyback scheme has hit a major roadblock after Canada Post, a federal-run institution, signaled it will refuse to participate in scooping up thousands of legally purchased firearms at the bequest of the government.

According to government sources in a recent Radio-Canada report, the Trudeau Liberals were hoping Canada Post would help collect approximately 144,000 “assault” and “military-style” firearms that were recently banned by the government. Canada Post currently delivers guns via mail that are legally purchased to those with firearms licenses.

The inside source, who chose not to be named, noted that Canada Post notified the Trudeau government via a letter that it would not participate in the buyback scheme, citing safety concerns for its employees.

According to the source, Canada Post is still talking with the federal government, with one idea being to allow it to transport guns but not oversee getting them from their legal owners.

“It’s a challenge, but we do not think this jeopardizes our timetable or the government’s desire to move forward,” said one source, adding, “We want the discussions to continue.”

As for the Trudeau federal government, it continues to say that having Canada Post be involved in the gun buyback is the “most efficient” as well as “least costly” way to get the guns back from owners.

Trudeau’s gun grab was first announced after a deadly mass shooting in Nova Scotia in May 2020 in which he banned over 1,500 “military-style assault firearms” with a plan to begin buying them back from owners.

Late last year, the Trudeau government extended the amnesty deadline for legal gun owners until October 30, 2025. It should be noted that this is around the same time a federal election will take place.

The Canadian government’s controversial gun grab Bill C-21, which bans many types of guns, including handguns, and mandates a buyback program became law on December 14, 2023, after senators voted 60-24 in favor of the bill.

Alberta and other provinces promise to fight Trudeau’s gun grab tooth and nail

On the same day news broke that Canada Post said it would not participate in Trudeau’s gun buyback, Alberta chief firearms officer Teri Bryant last Wednesday issued a statement saying, “We urge the federal government to abandon this ill-advised program and meaningfully consult the provinces as we work to address the actual causes of firearms crime.”

“Canadians are still waiting for concrete details about the federal firearms confiscation program that has been in the works since 2020, and Canada Post’s refusal to participate in the federal government’s firearms ‘buy-back’ program is just one more example of how little forethought or engagement has gone into implementation of this program,” Bryant said.

Bryant noted that the buyback will not “significantly improve public safety” because it does not target those “involved in criminal activity and gun violence, and Albertans can be assured that our government will continue to advocate for our law-abiding firearms community.”

“We believe in a principled and informed approach to firearms policy that preserves public safety and recognizes the immense responsibility that comes with firearms ownership,” she noted.

Bryant observed that the federal confiscation program is not only causing uncertainty for many firearms businesses, but it is also “pulling attention and resources away from programs and initiatives that would help address public safety.”

“It is also undermining public confidence in the fairness of our entire firearms regulatory scheme,” she added.

Indeed, LifeSiteNews reported in February that despite Trudeau’s crackdown on legal gun owners, Statistics Canada data shows that most violent gun crimes in the country last year were not committed at the hands of legal gun owners but by those who obtained the weapons illegally.

Alberta Premier Danielle Smith, along with premiers from no less than four additional provinces, are opposed to C- 21.

Late last year, Smith promised she would strengthen the gun rights of Albertans because of Trudeau’s gun grab.

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Alberta

Alberta threatens to fight Trudeau government restrictions on Canada’s plastics industry

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From LifeSiteNews

By Clare Marie Merkowsky

“If the federal government refuses to abide by the constitution, we will take them to court again to defend our jurisdiction and the thousands of Albertans who work in the petrochemical sector”

Alberta has rejected the Liberal government’s “unconstitutional” federal plastics registry and production limit.

In an April 25 press release, Alberta’s Environment Minister Rebecca Schulz promised to take Liberal Minister of Environment and Climate Change Steven Guilbeault to court over his proposal to create a plastics registry, mandating companies to report their plastic production and implementation.

“If the federal government refuses to abide by the constitution, we will take them to court again to defend our jurisdiction and the thousands of Albertans who work in the petrochemical sector,” Schulz declared.

“This unilateral announcement is a slap in the face to Alberta and our province’s petrochemical industry, and the thousands of Albertans who work in it,” she continued.

Guilbeault’s plan, set to be implemented in September 2025, would mandate that businesses record how much plastic they place on the market in addition to the amount of plastic waste generated on their commercial, industrial, and institutional premises.

Companies would then report that amount to the federal government. The plan exempts small businesses which produce less than one tonne of plastic each year.

However, Schulz explained that the registry would negatively affect Alberta, as “plastics production is a growing part of Alberta’s economy, and we are positioned to lead the world for decades to come in the production of carbon neutral plastics.”

“Minister Guilbeault’s proposal would throw all of that into jeopardy and risk billions of dollars in investments. This includes projects like Dow Chemical’s net-zero petrochemical plant in Fort Saskatchewan, a $9-billion project that will create thousands of jobs,” she warned.

“If the federal government limits plastic production in Canada, other countries like China will just produce more. The only outcome that this federal government will achieve will be fewer jobs in Canada,” she explained.

Schulz’s statement comes after the November decision by the Federal Court to rule in favor of Alberta and Saskatchewan, declaring that Prime Minister Justin Trudeau’s government overstepped its authority by classifying plastic as “toxic” and banning all single-use plastic items, like straws.

Essentially, the ruling overturned Trudeau’s 2022 law which outlawed manufacturing or importing plastic straws, cutlery, and checkout bags on the grounds of government claims that plastic was having a negative effect on the oceans. In reality, most plastic pollution in the oceans comes from a few countries, like India and China, which dump waste directly on beaches or in rivers.

The November ruling was only one of two recent court rulings that have dealt a blow to Trudeau’s environmental laws.

The second ruling came after Canada’s Supreme Court recently sided in favor of provincial autonomy when it comes to natural resources. The Supreme Court recently ruled that Trudeau’s law C-69, dubbed the “no-more pipelines” bill, is “mostly unconstitutional.” This was a huge win for Alberta and Saskatchewan, which challenged the law in court. The decision returned authority over the pipelines to provincial governments, meaning oil and gas projects headed up by the provinces should be allowed to proceed without federal intrusion.

The Trudeau government, however, seems insistent on defying the recent rulings by pushing forward with its various regulations.

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