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Eavor Technologies
Providing closed-loop geothermal technology that delivers clean, reliable, and scalable energy without the need for fracking or aquifers
About Eavor Technologies
Eavor is a Canadian energy technology company that develops and deploys closed-loop geothermal systems designed to provide consistent, clean, and scalable energy. Its proprietary technology, the Eavor-Loop™, offers a geothermal solution that operates independently of traditional geothermal reservoirs, using a sealed system to circulate a working fluid through a network of subsurface wells and horizontal connections.
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Unlike conventional geothermal methods that rely on water, natural aquifers, or fracking, the Eavor-Loop™ is based on a closed-loop design that captures heat from the Earth’s natural thermal gradient. This approach avoids environmental concerns such as water usage, emissions, and seismic risk, while making geothermal energy accessible in a broader range of geographic locations.
Eavor's technology is engineered to deliver baseload and dispatchable power, meaning it can provide a consistent energy output and help balance electricity grids alongside variable renewable sources like wind and solar. The system also offers potential applications in district heating and industrial thermal energy supply.
The company has demonstrated the feasibility of its approach through pilot projects like Eavor-Lite™ in Alberta, Canada, and is expanding internationally with projects such as Eavor-Europe™. Eavor collaborates with energy providers, governments, and infrastructure developers to integrate its systems into local energy strategies.
By offering a geothermal alternative that is not constrained by site-specific geological conditions, Eavor aims to contribute to diversified and resilient low-carbon energy systems.
At a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Calgary, Canada
- Employees
- 79
- Open positions
- 5
- Dealroom signal
- 66.2/100
- Sub-industry
- Clean Energy
- Sector
- Energy, Geothermal Energy, Sustainable Development Goals, Rumoured $1B, Climate Tech, Renewable Energy, Woman Founder, Horizon Europe, Start Alberta, NIF defense security and resilience
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Eavor Technologies.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Jun 2025 | $65M | $667M | Canada Growth Fund | ↗ |
| LATE VCOther financing | Feb 2024 | $0 | — | Kajima | ↗ |
Growth signals
Latest recorded traffic for Eavor Technologies is 16K monthly website visits, up 6.7% over the last three months. Eavor Technologies's team declined 17.7% over the past year.
Open positions
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Natural Resources Canada
Government of Canada
Sustainable Development Technology Canada
Leading Cities
Series A8 investors entered at this stage
Vickers Venture Partners
Temasek
BDC Capital
Chevron Technology Ventures
BP Ventures
Eversource
Chubu Electric Power
OMV
Series B and later6 investors entered at this stage
- MFMicrosoft Climate Innovation Fund
Japan Energy Fund
Canada Development Investment Corporation
Monaco Asset Management
Kajima- CFCanada Growth Fund
Other known investors1 additional known investor
Creative Destruction Lab
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Eavor Technologies on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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