The Canadian company Eavor Technologies Inc. developed the first of its kind geothermal system that can be located almost anywhere. It allows you to extract electricity from the bowels of the Earth without any harm to the environment.
Eavor Loop works on the principle of a radiator. It makes it possible to use geothermal energy — renewable energy derived from heat stored inside the Earth — and convert it into electricity. Unlike windmills and solar panels, all key components are hidden underground. According to the developers, this allows you to use the system even in the backyard of a private house.
The installation consists of two wells at a distance of 2.5 kilometers, connected to each other underground. A special liquid is poured into the pipes, which is heated in the bowels of the Earth and raises heat to the surface. After that, the heat energy is converted into electricity. The effectiveness of the system has not been disclosed.
According to the President and CEO of Eavor Technologies John Redfern, Eavor Loop can be implemented in 80% of places in the world instead of 5%, as in the case of traditional geothermal energy. In addition, the system does not generate carbon dioxide emissions and does not consume water.
$ 10 million was spent on the construction of the pilot project. However, in the future, the cost of installation may decrease. After completion of testing, at the end of 2019, the company intends to sell about a dozen systems in Canada, and then begin global expansion.