Deep Energy Capital and Eavor Technologies to build 5 geothermal projects as construction gathers pace at their first European site
Deep Energy will finance at least five projects, requiring up to €1 billion, from Eavor’s growing European and North American project pipeline.
- Deep Energy will finance at least five projects, requiring up to €1 billion, from Eavor’s growing European and North American project pipeline.
- Eavor’s closed-loop geothermal systems extract heat energy from an isolated network of wellbores, akin to a deep underground radiator.
- As a conduit for sustainable infrastructure investment, Deep Energy Capital aims to deliver sustainable, reliable and secure energy to power grids and local communities globally.
- Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy.