Temasek Invests in Eavor Technologies

Posted on 02/16/2021

Eavor Technologies Inc. is a a Calgary-based geothermal energy startup. Eavor Technologies completed a USD $40 million (CAD$ 50.7 million) funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline. Investors in this round include bp Ventures (part of BP Plc), Chevron Technology Ventures (part of Chevron Corporation), Temasek Holdings Pte Ltd, BDC Capital Corp, Eversource (through its Eversource Retirement Plan Master Trust), and Vickers Venture Partners.

At the moment, Eavor has a pipeline of potential projects in places such as Germany, the Netherlands, Japan, and the U.S.

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