- Grants from the European Innovation Fund totaling €91.6 million
- Funds will be invested in the commercial pilot project in Geretsried, Bavaria
- This funding underlines the importance of Eavor’s Loop technology for European geothermal energy targets
Geretsried, Bavaria, Germany. Eavor Technologies Inc. and Eavor Erdwärme – Geretsried GmbH (collectively “Eavor”), the leading company in the field of globally scalable geothermal circulation technology, have been awarded a €91.6 million grant from the European Innovation Fund (EIF) to support the Eavor-Europe (TM) Geothermal project in Geretsried, located south of Munich, which is already under construction.
The project is the world’s first commercial implementation of an Eavor-Loop, a flagship project for zero-emission heat and power generation using a next-generation geothermal technology. The project demonstrates the benefits of the Eavor-Loop in terms of energy security and autonomy.
Construction work at the drilling site began in October 2022, and drilling is planned for July 2023. Two of Europe’s largest drilling rigs from KCA Deutag will be used over a period of four years. At the same time, an Organic Rankine Cycle (ORC) power plant is being planned and constructed in collaboration with the Italian company Turboden S.p.A. The start of operations is planned for the fourth quarter of 2024.
John Redfern, President, CEO and co-founder of Eavor Technologies Inc., stated: “I’d like to thank the European Commission. We at Eavor are humbled to be included in the EIF program alongside so many prestigious European multinationals. We believe this first commercial Eavor-Loop™ will open the floodgates to the broad implementation of what is the first truly scalable form of green baseload energy. In this way, we hope to help Europe solve its twin existential threats of climate change and lack of energy autonomy.”
With a rated output of 8.2 megawatts, the Eavor-Loop (TM) will reduce greenhouse gas emissions by approximately 44,000 metric tons of CO2 equivalent. The geothermal power plant will be able to provide energy for approximately 20,000 households and will also be an important factor in regional value creation during the construction phase.
Philippe Dumas, Secretary General of the European Geothermal Energy Council, said: “I’m glad to see the EU Innovation Fund supporting the geothermal project submitted by Eavor GmbH to commercially demonstrate innovative renewable district heating and power supply in the Bad-Tölz-Wolfratshausen district of Geretsried, Germany. Given the energy, climate and food security crisis as well as the need to meet the tripling of the geothermal target by 2030, this innovative project is of paramount importance. It will increase the security of electricity supply, help decarbonize the district heating sector, reduce greenhouse gas emissions and stimulate technological innovation, all of which could also be replicated elsewhere.”
In his remarks, Daniel Mölk, President of Eavor GmbH, said: “Eavor would like to thank the town of Geretsried, the Bavarian and German governments, and our partners. Eavor and its project partners, Chubu Electric Power Co., Inc. and Enex Power Germany GmbH, were always able to rely on community support.”

About the project
The Eavor-Loop™ in Geretsried, Germany will provide clean baseload energy for district heating and power generation. It consists of multiple large underground heat exchangers buried at a depth of 4,500 meters.
The natural thermosiphon effect, which does not require a pump or an aquifer, circulates clean fresh water through the heat exchangers and transports the geothermal heat to the surface.
Since no greenhouse gas emissions are produced during operation, Eavor-Loop (TM) avoids almost all emissions in comparison with conventional geothermal projects. The Eavor-Loop can be installed nearly anywhere and offers the EU a scalable, secure source of renewable electricity and heat. A visitor center is being constructed at the facility in Geretsried, which will be open to the interested public to learn more about the technology and operation of this unique plant. For more information, visit the project website www.eavor-geretsried.de. You can also subscribe to our newsletter from there, which will be available starting in the spring.
About the European Innovation Fund (EIF)
With more than €38 billion in revenue expected to be raised by 2030 through the EU Emissions Trading System (EU ETS), the Innovation Fund is designed to create the right financial incentives for companies and public bodies to invest in the next generation of low-carbon technologies and to ensure that EU companies continue to be global technology leaders. The fund focuses on highly innovative technologies and large-scale flagship projects in Europe. The European Commission is responsible for the overall management and implementation of the fund and has entrusted the European Climate, Infrastructure and Environment Executive Agency (CINEA) with its execution.
In the first funding call, grants totaling €1.1 billion were awarded for seven projects in the areas of energy-intensive industries, hydrogen, carbon capture, utilization and storage, and renewable energies.
The projects selected under the second call for proposals, with a volume of €1.8 billion, were evaluated by independent experts on the basis of their ability to reduce greenhouse gas emissions compared to conventional technologies and to bring about innovations that go beyond the state of the art. Further selection criteria included the potential scalability and cost efficiency of the projects.
About Eavor Technologies Inc.
Eavor (pronounced “Ever”) is a technology-based energy company led by a team committed to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (the Eavor-Loop™) represents the world’s first truly scalable form of clean, plannable, and flexible energy. Eavor achieves this by mitigating or eliminating many of the problems that have traditionally hindered geothermal energy. In the Eavor-Loop™, an environmentally friendly working fluid, completely isolated from its surroundings, circulates through a massive underground heat exchanger. This heat exchanger absorbs heat from the Earth’s natural geothermal gradient through heat conduction.
info@eavor.de; www.eavor.de; www.eavor-geretsried.de
About KCA Deutag
With over 130 years of experience, KCA Deutag is a leading drilling, engineering and technology company operating in the onshore and offshore sectors. KCA Deutag operates approximately 81 drilling rigs in 14 countries and employs people in Africa, Europe, the Middle East, the Caspian Sea and Canada. KCA Deutag comprises the following divisions: Land, Offshore and Kenera. Our operational divisions focus on onshore and offshore operations in 20 countries, ensuring safe, effective and smooth operations. Kenera brings our design and engineering specialists RDS and the drilling platform and oilfield manufacturer Bentec into a single business unit. Kenera was founded to expand our offering in both the hydrocarbon market and the energy transition markets. Kenera covers innovative services, technology and engineering, as well as manufacturing. For more information on KCA Deutag, please visit www.kcadeutag.com.
About Turboden
Turboden S.p.A., an Italian company in the Mitsubishi Heavy Industries Group, is a world leader in the design, manufacture, and maintenance of ORC (Organic Rankine Cycle) systems, which are ideal for decentralized energy production. ORC power plants can generate electricity and heat from a variety of sources, including renewable energy (biomass and geothermal), traditional fuels and waste heat from industrial processes, waste incinerators, engines, or gas turbines. Turboden is currently augmenting its technological solutions with gas expanders and large-scale heat pumps to further contribute to decarbonization of the district heating sector and energy-intensive industrial processes. www.turboden.com
Eavor Technologies Inc.
John Redfern
President & CEO
john.redfern@eavor.com
Eavor GmbH
Daniel Mölk
Executive Vice President Europe Operations