Geothermal

Eavor Technologies

57Mixed / Improving

Calgary, CanadaFounded 20180 followers

eavor.com/

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.

Green Score

57/100
Mixed / Improving
Greenwashing risk
medium
Data confidence
medium
Method
how it is calculated
Climate Impact & Solution35%80

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

The Eavor-Loop delivers 24/7 carbon-free heat and power with no water consumption, no fracking, and no induced seismicity, and the Geretsried plant projects savings of ~44,000 tonnes CO₂e/year at full build-out — but actual current output (0.5–2 MWe) is a fraction of the 8.2 MWe nameplate, capping near-term realized impact; the technology's long-run mitigation potential is high if cost and scaling challenges are overcome.

Decarbonization & Targets20%22

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No SBTi-validated targets, CDP disclosure, or published net-zero plan with quantified milestones were found; Eavor references HSE targets and project-level CO₂ savings figures internally but has issued no formal, independently verified corporate emissions reduction commitment — a significant gap for an investor-grade climate assessment of a private-stage cleantech company.

ESG & Operations15%42

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Eavor's 2024 year-in-review highlights achievement of HSE targets and improvement of HSE culture at Geretsried, held a public town hall on its urban seismic monitoring program, and has a First Nations partnership in Canada — positive signals, but no published ESG report, no Scope 1/2/3 GHG inventory, no independent labour or governance audit, and no board diversity data are publicly available for a private company of this stage.

Transparency & Verification15%38

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Eavor published a detailed technical white paper in October 2025 and a candid post-commissioning technical update in May 2026 acknowledging drilling shortfalls and actual vs. expected output — commendable for a private FOAK company — but there is no third-party verified ESG or sustainability report, no GHG inventory, no CDP filing, and financial/operational data remain gated behind investor relations contact, limiting investor-grade verifiability.

Integrity15%82

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

No material controversies, litigation, pollution incidents, fossil-fuel lobbying, conflict-zone involvement, or governance scandals were identified; the primary reputational risk is commercial — the Geretsried plant's output significantly underperformed its marketed 65 MW capacity, which Eavor disclosed publicly and attributed to execution issues rather than fundamental technology failure.

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

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.thinkgeoenergy.com

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.thinkgeoenergy.com

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