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Eavor Technologies
Energy · Calgary, Canada · Founded 2017
Providing closed-loop geothermal technology that delivers clean, reliable, and scalable energy without the need for fracking or aquifers MoreLess
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.
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.
Keywords: Eavor, geothermal energy, closed-loop geothermal, Eavor-Loop, clean energy, baseload power, dispatchable renewable energy, sustainable power generation, geothermal heating, frack-free energy, zero-emissions, renewable infrastructure, district heating, energy technology.
Company overview
Eavor Technologies company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Calgary, Canada
- Employees
- 79
- Open positions
- 5
- Dealroom signal
- 66.2
Valuation & funding
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 | ↗ |
| LATE VCOther financing | Oct 2023 | $182M | $728M | Eversource · Vickers Venture Partners · Temasek · BDC Capital | ↗ |
| SERIES BOther financing | Jun 2023 | $37M | $150M | Vickers Venture Partners · BP Ventures · OMV · Eversource | ↗ |
| EARLY VCOther financing | Oct 2022 | $0 | — | Chubu Electric Power | ↗ |
| EARLY VCOther financing | Jan 2022 | BDC Capital | ↗ | ||
| EARLY VCOther financing | Aug 2021 | Sustainable Development Technology Canada | — | ||
| EARLY VCOther financing | Feb 2021 | Vickers Venture Partners · Temasek · BDC Capital · Chevron Technology Ventures | ↗ | ||
| GRANTOther financing | Jun 2020 | Leading Cities | — | ||
| SERIES AOther financing | Sep 2019 | Vickers Venture Partners | ↗ |
Growth signals
Eavor Technologies website traffic
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.
Hiring
Open positions at Eavor Technologies
Current openings linked to this company in Dealroom.
Comparisons
Eavor Technologies compared with similar companies
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Talent graph
Eavor Technologies's talent
Source: Dealroom Talent Intelligence.
Investors
19 investors on Eavor Technologies's cap table
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Global footprint
Where Eavor Technologies has talent and traffic
team presence
In the news
Latest news about Eavor Technologies
Recent press, funding announcements, and product moves mentioning Eavor Technologies — open to read from the original sources.
Market sentiment
What the market is saying about Eavor Technologies
An AI-synthesized read of the highest-engagement posts about Eavor Technologies on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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