Thursday, April 25, 2019

Canada: Federal Funding for Closed-Loop Geothermal Demonstration Project in Alberta

Government of Canada Announces Unique Geothermal Project in Alberta (News Release)
The Government of Canada is taking steps to protect the environment and grow the economy while creating good, middle-class jobs and more opportunities for Canadians.

The Honourable Amarjeet Sohi, Minister of Natural Resources, today announced $6.7 million in federal funding to support Eavor Technologies Inc.'s novel approach for the next generation of geothermal engineering. 

Eavor Technologies Inc., a Calgary-based company dedicated to creating a cleaner energy future, is developing an innovative prototype for a closed-loop geothermal system that will create renewable energy using the earth's natural heat. 

The federal funding, provided by Natural Resources Canada's Clean Growth Program and Sustainable Development Technology Canada, will go toward construction of a demonstration facility for this technology — the Eavor-Lite facility, a collaborative effort with Precision Drilling, Shell New Energies and a number of other key partners — near Rocky Mountain House, Alberta. The successful implementation of Eavor-Lite will unlock identified commercial opportunities, and the facility will support ongoing research and development for this unique technology.