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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.
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Selected Foundation News
A customized collection of news from foundations from around the Web.
Research supports arts education integrated into traditional classrooms and Career and Technical Education (CTE) programs for growing industries.CTE is a viable and growing partner with the arts in...more
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Foundation: Arkansas Community Foundation
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Jamestown Tarp Skunks Announce 2025 Season Schedule.The Perfect Game Collegiate Baseball League team will begin their season at home against the Batavia Muckdogs at 6:30 p.m., May 29.July 25th's show...more
Lincoln Commons will be a community gathering space in central Sioux Falls.The project is the first step in a multipronged partnership to turn a green space into a neighborhood asset.The goal was to...more
Preparations Underway for 13th Annual Warren Gives Event.The annual 16-hour online donation event set for Wednesday, May 14th, starting at 6:00AM.This year's event features 110 participating...more
The Community Foundation of Teton Valley is thrilled to announce 2025 Competitive Grant Awardees.Awardees gathered at the Teton Geo Center to celebrate the $85,000 granted to support critical...more
Foundation: Community Foundation of Greater Greensboro, Cemala Foundation
Residents are being invited to provide input regarding the "vision for the Future of Downtown Greensboro" The Thrive35 Vision Plan that's now under discussion will take community suggestions into...more
Coastside Gives aims to raise $1.6 million and hit the 10-year mark in a big way.Event's strength lies in its collaborative nature, executive director says.Event also raises awareness about the wide...more
The Lawton Community Foundation is awarding $41,750 in scholarships to 19 high school seniors.The students, their parents, community partners and donors will be honored at a breakfast hosted by the...more
Social Entrepreneurship
Spotlight
Coat Design Saves Lives and Launches New Careers for Homeless People
Empowerment Plan is a nonprofit aimed at helping countless homeless people find jobs. To combat the country’s homeless crisis, the Plan hires homeless people and teaches them how to make coats for the homeless suffering on the streets.