Eavor to drill the deepest and hottest directional geothermal well in history: Eavor-Deep™

Source: | · Eavor · | August 30, 2022

CALGARY, Alberta, Canada – August 30th, 2022 (GLOBE NEWSWIRE) — Eavor Technologies Inc. (“Eavor”) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep™).

Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. Eavor has developed process and technologies to break this paradigm, called Eavor-Loop™, which will be utilized in the upcoming Eavor-Deep™ project, located in southwestern USA, to show linear, and potentially sublinear, drilling costs in super-hot ultra-deep environments.

Building from the portfolio of technologies and methods demonstrated at the Eavor-Lite™ facility near Rocky Mountain House, Alberta, Canada in 2019, the milestones planned at Eavor-Deep™ are designed to evidence the global scalability of Eavor-Loop™.

John Redfern, President & CEO at Eavor, said: “If everything goes according to plan, we will establish a clear line-of-sight to sub US$60 per megawatt-hour costs. This is an important milestone which unlocks an enormous portfolio of Eavor-Loop™ project locations in key US, European and Asia Pacific markets, now.”

Bailey Schwarz, Director, North America Projects at Eavor, said: “Working with our partners and the development team in planning and preparing for this project has been and continues to be a fantastic experience. The strong working relationships we have developed are vital to the success of the project and to the future opportunities we have already identified together.”