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Eavor Demobilizes Rigs in Geretsried: What It Means for Closed-Loop Geothermal Investors, Heat Markets, and Project Risk

Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026,  Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...

EDC To Supply Bohol With 50 MW of Clean Power From Geothermal

Embracing Sustainable Energy: EDC's Geothermal Power Supply to Bohol

By Robert Buluma



In a significant stride towards sustainability, Bohol is set to experience a revolution in its energy landscape with the introduction of geothermal power supplied by Energy Development Corporation (EDC), a subsidiary of First Gen Corporation. This shift promises not just affordable electricity but also a greener future for the province and its residents.


The decision to tap into geothermal energy stems from the commitment to reduce reliance on traditional fossil fuels like coal and diesel. With EDC's expertise in renewable energy, Bohol is poised to embrace a more environmentally friendly approach to power generation.


Geothermal energy harnesses the natural heat from the Earth's core, providing a consistent and reliable source of power. Unlike coal or diesel, which are subject to fluctuating global market prices, geothermal energy offers stability in both production and cost. This stability translates into long-term benefits for consumers, who can expect to see a reduction in their electricity bills.


By partnering with EDC, Bohol's distribution utilities are not just securing a more affordable power supply but also contributing to the global fight against climate change. Geothermal energy produces significantly lower carbon emissions compared to fossil fuels, making it a cleaner alternative for power generation.


EDC's track record in sustainable practices spans over four decades, making it a leader in the renewable energy sector in the Philippines. With an installed capacity of 1,480.19 megawatts, EDC remains committed to driving the country's transition towards a more sustainable energy future.


The shift towards geothermal power in Bohol is a testament to the government's efforts to promote transparency and technology neutrality in the procurement of power supply. Through competitive selection processes governed by the Department of Energy, distribution utilities are encouraged to choose the most cost-effective and reliable energy sources available.


As Bohol embraces geothermal energy, it not only secures a more affordable and sustainable power supply but also sets an example for other provinces to follow. By prioritizing renewable energy, Bohol is taking a proactive stance towards mitigating the impacts of climate change and building a more resilient future for generations to come

To learn more on EDC latest news read this article Greenfire EDC Partnership

In conclusion, the partnership between EDC and Bohol represents a significant milestone in the journey towards sustainable development. By harnessing the power of geothermal energy, Bohol is paving the way for a cleaner, greener, and more prosperous future.

Source : Pia.gov

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