MND Pushes Central Europe Toward a Geothermal Future with Landmark Košice Project Central Europe has just witnessed a major geothermal breakthrough. Czech energy and drilling giant MND has officially completed the drilling phase of one of the largest geothermal heating projects in Central Europe, marking a decisive moment not only for Slovakia’s energy future, but also for the wider European geothermal sector. Located in the city of Košice, Slovakia’s second-largest city, the ambitious geothermal development demonstrates how deep geothermal energy is rapidly transforming from a niche renewable resource into a strategic pillar of urban energy security, district heating, and industrial decarbonization. The announcement by MND revealed that three deep geothermal boreholes were successfully drilled to depths of up to 3.6 kilometers under difficult geological conditions. Once fully operational, the geothermal system could cover as much as 55% of Košice’s heat consumption — an extraordina...
Canada Doubles Down on Clean Energy: Eavor Technologies Secures C$138 Million from Canada Growth Fund
June 7, 2025 Author: Robert Buluma Canada’s Clean Tech Momentum Gets a Boost with Another Major Investment into Eavor’s Geothermal Breakthrough In a bold step toward securing a greener future, the Canada Growth Fund (CGF) has announced an additional investment of up to C$138 million in Eavor Technologies Inc. , a Calgary-based pioneer in closed-loop geothermal systems. This injection of capital will accelerate the global commercialization of Eavor-Loop™ , the company’s groundbreaking technology that promises to reshape the way we harness energy from the Earth. This is not CGF’s first vote of confidence in Eavor. In October 2023, CGF committed C$90 million to the company, recognizing its immense potential to scale dispatchable, reliable geothermal energy. Now, with construction of Eavor’s first commercial-scale facility in Geretsried, Germany well underway and key technological milestones achieved, CGF is doubling down—with a two-phase investment: C$89 million upfront , and C$4...