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...
ABB and Sage Geosystems Unearth Geothermal Energy Opportunities By: Robert Buluma In a groundbreaking move towards a greener, more sustainable future, ABB and Sage Geosystems have signed a Memorandum of Understanding (MoU) to revolutionize energy storage and geothermal power generation. This collaboration is set to unlock the immense potential of geothermal energy, which could power over 65 million homes in the U.S. alone. We reported earlier on how Sagegeosystems partnered up with another strategic company for a 3MW of geothermal energy, dive in for an exclusive touch. A Bold Step Toward Clean Energy Solutions By tapping into the earth’s core heat, ABB and Sage Geosystems aim to deliver clean, reliable, and on-demand energy through their innovative Geopressured Geothermal Systems (GGS). This technology not only produces sustainable electricity but also serves as an energy storage solution that pairs seamlessly with intermittent renewable resources such as solar and wind. Cindy Taff, C...