Eavor Technologies

57Mixed / Improving· Provisional

0 followersGeothermal·Calgary, Canada·Founded 2018

Developer of the Eavor-Loop closed-loop geothermal system, which circulates a proprietary fluid through sealed multilateral wellbores without water consumption, now delivering power from its 65 MW Geretsried plant in Germany.

57/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: medium

Why it's on ClimateTicker

Eavor is a genuinely climate-aligned company commercializing closed-loop geothermal technology that produces carbon-free heat and power without water extraction, fracking, or seismic risk — directly displacing fossil fuels in heat and power markets. Its first commercial plant at Geretsried, Germany, validated the core technology concept but delivered materially lower output than marketed (0.5–2 MWe actual vs. 8.2 MWe nameplate), a FOAK execution shortfall the company acknowledges. The fundamental climate thesis is sound; near-term investor risk lies in execution maturation and cost curve uncertainty, not in any greenwashing of the underlying technology.

mitigationEavor earns revenue by developing, owning, and operating Eavor-Loop geothermal plants that sell electricity and heat (via district heating offtake agreements) to utilities and municipalities, with a parallel technology licensing and partnership model enabling third parties to co-develop projects using Eavor's proprietary drilling and sealing IP.

Commitments & Certifications

other: Listed (2023, 2024) ↗other: Named ↗other: Award recipient ↗

Controversy & Greenwashing Watch

mediumGeretsried Output Far Below Marketed Capacity

The world's first commercial Eavor-Loop delivered only 0.5–2 MWe gross against a nameplate of 8.2 MWe, with only 6 of 12 planned lateral pairs completed and a poor cement job identified as the root cause — raising questions about whether the 65 MW headline figure used in marketing was misleading.source ↗

lowProject Delivery Delays

Geretsried was originally targeted for first power in 2024, then H1 2025, before achieving partial grid delivery in December 2025 — a multi-year schedule slippage on a first-of-a-kind project that increased financing costs and partner risk.source ↗

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