Friday, February 3 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Deep Energy Capital, Eavor team up for EUR 1bn of geothermal projects


    December 8, 2022 - SeeNews Renewables

     

      December 8 (Renewables Now) - London-based renewables investment firm Deep Energy Capital LLP will finance at least five projects, worth up to EUR 1 billion (USD 1.05bn), from the pipeline of Canadian geothermal start-up Eavor Technologies Inc, the companies said today.

      The projects from Eavor’s European and North American pipeline will provide power and heat and are anticipated to take advantage of long-term feed-in-tariffs and off-take agreements as demand grows for resilient and local clean energy, according to the announcement.

      The news follows the start of construction in October of Eavor's project in Geretsried, Germany, the first commercial geothermal project using the company’s Eavor-Loop technology. Its closed-loop geothermal system is described as resembling a deep underground radiator. Eavor said that in October it also unveiled a heat purchase agreement (HPA) with enercity AG to supply heat to Hanover’s district heating network.

      Eavor and Deep Energy first announced a collaboration in 2021. The five projects the two are now contemplating are expected to deliver over 2,500 GWh thermal of clean energy annually for at least 30 years.

      (EUR 1.0 = USD 1.053)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.