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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
client focusb2btechnologyHardwaretechnologyDeep Techsub industryClean Energybusiness modelManufacturingsectorGeothermal EnergysectorSustainable Development GoalssectorRumoured $1BsectorClimate TechsectorRenewable EnergysectorWoman FoundersectorHorizon EuropesectorStart AlbertasectorNIF defense security and resilience

Valuation & funding

Eavor Technologies funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
Showing 10 recorded eventsUnlock the complete deal history →

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.

Latest monthly visits16K 3-month web change+6.7% 1-year team growth-17.7%
Monthly website visits96 observations · May 2018–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Eavor Technologies compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Eavor Technologies's talent

Book a demo to see the people
Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

19 investors on Eavor Technologies's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 4 investors entered at this stage
Natural Resources Canada
Government of Canada
Sustainable Development Technology Canada
Leading Cities
Series A 8 investors entered at this stage
Vickers Venture Partners
Temasek
BDC Capital
Chevron Technology Ventures
BP Ventures
Eversource
Chubu Electric Power
OMV
Series B+ 6 investors entered at this stage
Microsoft Climate Innovation Fund
Japan Energy Fund
Canada Development Investment Corporation
Monaco Asset Management
Kajima
Canada Growth Fund
Other known 1 additional known investor
Creative Destruction Lab

Global footprint

Where Eavor Technologies has talent and traffic

Workforce by country
8 countries with
team presence
🇨🇦 Canada87.1%
🇺🇸 United States4.3%
🇵🇱 Poland1.4%
🇳🇱 Netherlands1.4%
🇳🇴 Norway1.4%
Top 5 of 8 shown

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.

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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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