Ethiopia Renegotiates Key Deals to Restart Multimillion‑Dollar Geothermal Projects: Tulu Moye and Corbetti Move Toward Restart After years of security disruptions, financing shortfalls and contract disputes, two of Ethiopia’s highest‑profile geothermal concessions , the Tulu Moye (Meridiam/Reykjavik Geothermal) and Corbetti projects , are actively renegotiating with senior government authorities to resume development. The talks mark a practical pivot from litigation and prolonged suspension toward restarting drilling and project implementation, with implications for Ethiopia’s energy mix, investor confidence and the regional geothermal supply chain. Why these renegotiations matter For an emerging geothermal market like Ethiopia, the fate of Tulu Moye and Corbetti matters on three fronts: capacity and grid impact, investor signaling, and the country’s ability to mobilize large, foreign‑led project finance. Each project alone represents several hundred megawatts of potential dispatchable...
In a world increasingly focused on sustainable energy solutions, Eavor Technologies has emerged as a trailblazer, redefining the geothermal energy sector with its revolutionary technology.
By: Robert Buluma
The Calgary-based company has developed a unique closed-loop geothermal system, aptly named the Eavor-Loop™, which promises to deliver clean, reliable, and scalable energy without the limitations of traditional geothermal methods. This innovation is not just a scientific breakthrough; it’s a financial and environmental game-changer that has captured the attention of investors, governments, and energy experts worldwide.
The Eavor-Loop™: A Geothermal Marvel
Traditional geothermal energy relies on finding naturally occurring reservoirs of hot water or steam underground, which limits its applicability to specific geographic regions. Eavor’s technology, however, eliminates this constraint by creating an artificial geothermal reservoir. The Eavor-Loop™ is a closed-loop system that circulates a proprietary working fluid through a network of underground wells, harnessing heat from the Earth’s core without the need for fracking or external water sources.
This system operates like a massive underground radiator.
Two vertical wells are drilled deep into the Earth, connected by a series of horizontal wellbores. The working fluid, heated by the Earth’s natural geothermal energy, rises through one well, generating power at the surface, and then circulates back down through the other well to repeat the process. This closed-loop design ensures minimal environmental impact, no greenhouse gas emissions, and a consistent energy output unaffected by weather or time of day.
Why Eavor’s Technology is Unique
Eavor’s innovation stands out for several reasons:
1. Universal Applicability: Unlike traditional geothermal systems, the Eavor-Loop™ can be deployed almost anywhere in the world, regardless of geological conditions. This opens up vast new markets for geothermal energy.
2. Scalability: The modular design of the Eavor-Loop™ allows it to be scaled up or down to meet the energy needs of a single community or an entire city.
3. Sustainability: The system produces zero emissions, requires no water consumption, and has a small surface footprint, making it one of the most environmentally friendly energy solutions available.
4. Reliability: Geothermal energy is baseload power, meaning it provides a constant and reliable energy supply, unlike intermittent sources like solar or wind.
Major Breakthroughs and Financial Milestones 
Eavor Technologies has achieved significant milestones since its inception, both technologically and financially. In 2020, the company successfully demonstrated its technology with the completion of the Eavor-Lite™ project in Alberta, Canada. This pilot project validated the feasibility of the closed-loop system and attracted global attention.
In 2021, Eavor secured a landmark $40 million investment from BP Ventures, the venture capital arm of energy giant BP, alongside investments from Temasek, Chevron Technology Ventures, and BHP Venturers. This funding round underscored the confidence of major industry players in Eavor’s potential to disrupt the energy sector.
More recently, Eavor announced a partnership with Chubu Electric Power, one of Japan’s largest utilities, to develop the first Eavor-Loop™ project in Japan. This collaboration marks a significant step toward global deployment and highlights the technology’s adaptability to diverse energy markets.
Key Figures Driving Eavor’s Success 
Behind Eavor’s groundbreaking technology is a team of visionary leaders and experts. John Redfern, President and CEO of Eavor, has been instrumental in steering the company toward its ambitious goals. Redfern’s background in finance and energy has enabled him to secure critical investments and partnerships, positioning Eavor as a leader in the geothermal space.
Paul Cairns, Eavor’s Chief Technology Officer, brings decades of experience in drilling and reservoir engineering. His expertise has been pivotal in refining the Eavor-Loop™ system and ensuring its technical viability.
Another key figure is Matt Toews, Eavor’s Chief Financial Officer, whose strategic financial planning has supported the company’s rapid growth and expansion. Together, this leadership team has created a culture of innovation and resilience, driving Eavor toward a sustainable energy future.
Projects and Future Prospects
Eavor’s technology is already being deployed in several high-profile projects. In addition to the Japan initiative, the company is developing projects in Germany, the Netherlands, and the United States. These projects aim to provide clean, reliable energy to millions of people while reducing reliance on fossil fuels.
One of the most exciting prospects is Eavor’s collaboration with Enex Power, a subsidiary of Mitsubishi Corporation, to explore geothermal opportunities in New Zealand. This partnership could unlock vast geothermal potential in a region known for its renewable energy leadership.
Looking ahead, Eavor plans to expand its global footprint, targeting markets in Europe, Asia, and North America. The company’s goal is to make geothermal energy a cornerstone of the global energy transition, providing a sustainable alternative to coal, oil, and natural gas.
A Bright Future for Geothermal Energy
Eavor Technologies is not just a company; it’s a movement toward a cleaner, more sustainable future. By overcoming the limitations of traditional geothermal energy, Eavor has unlocked a virtually limitless source of clean power. Its closed-loop system represents a paradigm shift in how we think about energy production, offering a scalable, reliable, and environmentally friendly solution to the world’s energy challenges.
As John Redfern aptly puts it, “The Eavor-Loop™ is the missing piece of the renewable energy puzzle. It’s the technology that can finally make geothermal energy a global reality.” With its groundbreaking innovation, strong financial backing, and visionary leadership, Eavor Technologies is poised to lead the charge in the global energy transition, proving that the future of energy lies beneath our feet. 
In a world hungry for sustainable solutions, Eavor Technologies is not just heating homes it’s igniting a revolution.
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