Eavor Technologies Raises $182M in Funding

credit:

Canada's Eavor Technologies has just pulled in $182 million in funding from a slew of investors, including Microsoft, Japan Energy Fund, and Canada Growth Fund, reports the CBC.

The money will be used to speed up development of its Eavor-Loop technology, which converts the heat of the Earth's surface into electricity, Eavor says in a press release.

The technology has the potential to "provide a consistent and resilient source of clean energy, free from intermittent production limitations, while also offering a significantly smaller environmental footprint compared to traditional geothermal systems," says Eavor CEO John Redfern.

Eavor's Loop system works by circulating a " benign working fluid through a network of underground drilled passages, creating a continuous heat exchanger that taps into the natural heat of the Earth," according to the press release.

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Donorbox: $3 Billion in Charitable Giving Announced

Donorbox's comprehensive fundraising platform helps nonprofits grow sustainably and maximize impact.As a trusted fundraising partner, Donorbox provides scalable features, expert guidance, and...more

Black History Month: Black Entrepreneurs and Philanthropists Strengthen Communities

Booker T.Washington was one of the leading Black intellectuals and philanthropists of the Reconstruction era.Oseola McCarty dropped out of school in the sixth grade to care for her ailing aunt.John...more

Enjoy Chipotle While Supporting the Kidsmatter Teen Philanthropy Initiative!

February Coffee & Conversation: Saturday, 10:00 amNaperville, IL.Free Chamber Concert presented by Fox Valley Music Consortium: Sunday, 3:00 pm.Partner Yoga: Sunday evening, 5:00pm.Free Ice Cream...more

Medwish Medworks Hosts Dental Clinic For Youth At Juvenile Detention Center

MedWish Medworks hosted a dental clinic at the Cleveland Juvenile Detention Center.Clinic provided 51 youths with vital dental services, including cleanings, fillings, and extractions.Clinic was...more

Impact Measurement From A Global Perspective

Join Stanford Social Innovation Review and the Institute of Philanthropy for this FREE LIVE session to discuss how funders and organizations around the world approach impact measurement today.Lisa...more

Thon: Learn About the Impact of the Largest Student-Run Philanthropy in the World

PENN STATE THON raises money and awareness for kids with cancer.All the money raised goes to the FOUR DIAMONDS FUND, which helps families and kids with the disease.THon is held every year on the...more

Wvcsd Artist of the Week: Olive Weaver

Warwick Valley High School freshman Olive Weaver has been creating art for as long as she can remember.Olive has a genuine interest in art, and she goes that extra mile to learn and grow.Olive Weaver...more

Sustainability Takes Centre Stage in Jungle Book Production

Sustainability Takes Centre Stage in Jungle Book Production.Students have taken on the challenge of crafting costumes for iconic characters such as Mowgli, Bagheera, Baloo, and Shere Khan using...more

Lights, Camera, and Award-Winning Action At Milford School

RTE's Sinead Kennedy hosted the student awards.Sixth class at Milford National School with their short film Dimension Disturbance won the Outstanding Achievement in Filmmaking Stopmotion award.The...more

Rmb 100 Dining Vouchers &Amp; More: Make A Day of It At Jise

RMB 100 Dining Vouchers & More: Make a Day of it at JISE.The first 200 arrivals to the Jingkids booth will get their pick of RMB 100 vouchers to some of The Jing's nicest eateries.There will also be...more