Eavor selects Turboden as supplier for the development of a power plant to be deployed with a closed-loop geothermal system in Germany

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CALGARY, Alberta, DÜSSELDORF, Germany and BRESCIA, Italy, July 05. 2022 (GLOBE NEWSWIRE) — Eavor, the leader in scalable geothermal energy, has selected Turboden SpA (“Turboden”) for the development of its southern German project in Geretsried, Bavaria. This investment in Turboden’s Organic Rankine Cycle (“ORC”) system will be used in the first commercial Eavor-Loop™ project to harness the Earth’s heat to supply electricity to the local market.

The project will have a capacity of 8.2 MWe (4 loops and a single ORC generator) when it reaches full capacity. The assumed date of initial power generation is 2024 and will be increased to 2026 when the plant is operating at full capacity.

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Eavor estimates that 4,900 homes per Eavor-Loop™ will be powered with clean energy extracted from the Earth.

The full 8.2 MWe project will result in GHG emissions of approximately 44,000 tCO2e avoided per year, including planned heat offtakes in addition to electricity sales. Eavor further estimates that 150 jobs in drilling services and power plant/infrastructure will be created during the construction phase of the project.

Eavor’s technology, known as Eavor-Loop™, uses the earth’s natural heat like a giant rechargeable battery. The fluids are heated by the earth and circulate through a closed network of underground boreholes, releasing a reliable and constant source of energy. Eavor’s technology differs from other forms of geothermal energy in that it is a scalable “one-size-fits-all” solution, harvesting geothermal heat to generate emission-free dispatchable electricity and heat.

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“Eavor is able to design and build this ORC power plant simultaneously with the drilling phase of the project thanks to our reliance on thermal calculations and process engineering,” says Daniel Mölk, Country Manager for Eavor Germany. “This demonstrates the specific nature and predictability of a closed-loop system and we are delighted to have found a great partner in Turboden.”

“It is an extraordinary achievement to have an agreement like this in place before drilling and which helps maintain Turboden’s market leadership in Germany,” says Joseph Bonafin, Director of Sales and Business Development at Turboden. , “This project aligns with Turboden’s mission to reduce global warming and fossil fuel consumption. Maintaining a process of continuous evolution is part of our DNA and Eavor is an ideal partner for us.

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Contact:

Eavor Technologies Inc.
Daniel Molk
Country Manager Germany
+49 211 42471-5692
[email protected]

www.eavor.de

About Eavor:
Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable and affordable energy future globally. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, distributable energy. Eavor achieves this by alleviating or eliminating many of the problems that have traditionally plagued geothermal energy. Instead, Eavor circulates a benign working fluid that is completely isolated from the environment in a closed loop, through a massive underground heater. This “heater” simply collects heat from the Earth’s natural geothermal gradient by conduction, at geologically common rock temperatures accessible to drilling. Further information: Eavor Technologies Inc.: www.eavor.com

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About Turboden:
Turboden SpA, founded in 1980, is an Italian company and a world leader in the design, manufacture and maintenance of Organic Rankine Cycle (ORC) systems, perfectly suited for distributed generation, which generate electrical energy and thermal by exploiting multiple sources, such as renewable energies. (biomass, geothermal, solar energy), traditional fuels and waste heat from industrial processes, waste incinerators, engines or gas turbines. Today, with over 400 plants worldwide, Turboden is expanding its solutions with gas expanders and large heat pumps to play a broader role in decarbonizing the district heating sector and some high-intensity industrial processes. energy.

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