About Eavor
Eavor is a company based in Calgary (Canada) founded in 2017 by John Redfern was acquired by Chubu Electric Power in October 2022. Eavor has raised $342.91 million across 11 funding rounds from investors including bp, Eversource and OMV Group. Eavor offers products and services including Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™. Eavor operates in a competitive market with competitors including Celsius Energy, GEIOS, New York Geothermal and West Georgia Generating, among others.
- Headquarter Calgary, Canada
- Founders John Redfern
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Eavor Technologies Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$342.91 M (USD)
in 11 rounds
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Latest Funding Round
$65.13 M (USD), Series C
Jul 09, 2025
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Investors
bp
& 13 more
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Employee Count
Not available
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Acquired by
Chubu Electric Power
(Oct 19, 2022)
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Products & Services of Eavor
Eavor offers a comprehensive portfolio of products and services, including Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™.
Closed-loop system for generating clean baseload power efficiently.
Geothermal project for European energy autonomy and scalability.
Deep-drilling tech for enhanced clean energy production worldwide.
Full-scale demo facility for testing geothermal innovations.
People of Eavor
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Funding Insights of Eavor
Eavor has successfully raised a total of $342.91M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $65.13 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Eavor
Eavor has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include bp, Eversource and OMV Group.
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Growth-stage venture capital is invested in Singapore and China.
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Investor details for Eavor
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Investments & Acquisitions by Eavor
Investment portfolio details for Eavor
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Financial Statements - Eavor
Detailed financials for Eavor
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Eavor Comparisons
Peer comparison for Eavor
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Competitors of Eavor
Eavor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Celsius Energy, GEIOS, New York Geothermal and West Georgia Generating, among others.
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Celsius Energy offers geoenergy solutions for sustainable heating and cooling in various building sectors.
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Develops geothermal energy systems with nanotechnology, AI, and quantum tech for efficient extraction.
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Delivers geothermal energy-based panels for waste heat recovery.
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Geothermal and natural gas electricity generation solutions are provided.
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Detailed competitors of Eavor
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Latest news on Eavor
Complete news archive for Eavor
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Frequently Asked Questions about Eavor
Eavor was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Eavor is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
John Redfern is the current CEO of Eavor. They have also founded this company.
Eavor is a funded company, having raised a total of $342.91M across 11 funding rounds to date.
Eavor was founded in 2017 in Calgary, Canada, and operates in the geothermal energy sector. A closed-loop system is utilized, within which a proprietary working fluid is contained and circulated to harvest heat from deep earth formations. This heat is converted into electricity or applied for commercial heating purposes, supporting sustainable energy operations across various geographies.
Eavor's top competitors include West Georgia Generating, Celsius Energy and GEIOS.
Eavor offers Eavor-Loop™, Eavor-Europe™, Eavor-Deep™, and Eavor-Lite™.
Eavor has 14 investors. Key investors include bp, Eversource, OMV Group, Temasek, and Chubu Electric Power.