CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) -- Eavor Technologies Inc. ("Eavor") is pleased to announce Shell International Exploration and Production, via its New Energies Research & Technology program, has signed an agreement to join a field trial of Eavor's disruptive new closed-loop conduction-only geothermal energy solution ("Eavor-Loop"). As part of the agreement, Shell will provide technical expertise towards the design of the drilling, completion, and facility construction of Eavor's demonstration project ("Eavor-Lite"), as well as a follow-on commercial implementation.
Eavor-Lite Demonstration Facility
The ten million-dollar ($10M CAD) demonstration project, Eavor-Lite, is designed to showcase all of Eavor's unique and proprietary design elements at scale. The site, located near Rocky Mountain House, Alberta, will also be used as an ongoing test facility for advanced operating fluids being developed under Eavor's ongoing R&D program. Drilling is to commence on Eavor-Lite in Q3 2019.
Eavor-Loop Full Scale Commercial Facility
Following successful completion of the demonstration facility, work will commence towards a commercial Eavor-Loop installation. While Eavor has a growing pipeline of such commercial power, heat, and combined heat+power opportunities from around the world, the first commercial Eavor-Loop project is expected to be a 65M EUR heat-only project in the Netherlands.
Why we're working with Eavor
Malcolm Ross, the geothermal focus leader in the Shell New Energies Research & Technology team, explained the relevance of Eavor and its demonstration project. "In searching for the next breakthrough in geothermal energy, we at Shell came up with our top ten list of what was holding geothermal energy back. We recognized that Eavor-Loop, and its unique conduction-only closed-loop design had the potential to address many of these concerns. That is why we're supporting Eavor and their Eavor-Lite demonstration project."
Why we're working with Shell
"Working with Malcolm and his colleagues at Shell's New Energies Research & Technology team has been extremely helpful," said John Redfern, President & CEO of Eavor. "We appreciate Shell's ability to look beyond conventional geothermal paradigms and see the potential of this completely new scalable form of geothermal energy. Eavor continues to seek out and work with progressive companies like Shell to leverage this technology on a global scale. Our goal is to convert the energy equivalent of ten million homes in ten years to the Eavor-Loop solution."
About Eavor Technologies Inc.
Eavor's solutionand https://vimeo.com/301259525.
Media Contacts
Eavor Technologies Inc.
John Redfern
President & CEO
650-269-2501
john.redfern@eavor.com
A Media Snippet accompanying this announcement is available above and at https://ml.globenewswire.com/1.0/snippet/117/eng.
