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...
The Poznan Test: Why Innargi's Usufruct Agreement Is Europe's Real Geothermal Heating Benchmark By Alphaxioms Geothermal Intelligence | June 6, 2026 For months, the geothermal heating world has watched Germany—Geretsried, Erfurt, Berlin. But a quieter, potentially more significant story has been unfolding in western Poland. On May 28, 2026, Innargi, the Danish subsurface developer backed by AP Pension and Hatch, signed a usufruct agreement with the City of Poznan for two geothermal heating plant sites. The press release was brief. The implications are not. This is not a pilot. It is not a research project. It is a commercial-scale urban heating play in one of Europe's most coal-dependent economies. And the timeline, the partners, and the geology all point to a single question: If Innargi makes Poznan work, how many cities follow? Part I: What Was Actually Signed The agreement covers two locations: Chartowo in eastern Poznan and Kopanino in western Poznan. The Chartowo sit...