Canada Growth Fund (CGF) is set to inject $90 million into Eavor Technologies, a Calgary-based geothermal energy company. Eavor’s proprietary closed-loop geothermal system, Eavor-Loop™, promises clean, reliable baseload heat and power.
This investment by CGF aims to sustain jobs in Alberta and keep Eavor’s workforce in Canada. The funds, in the form of Series B preferred equity, will support Eavor’s growth, retaining intellectual property and creating more jobs in the process.
Eavor’s innovative technology could have a global impact by reducing greenhouse gas emissions.
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