U.S. Defense Department Awards Eavor Contract to Power Military Base through Advanced Geothermal System
04 October 2023 - 1:00AM
Eavor Inc. (“Eavor”), the leader in globally scalable geothermal
closed-loop technology, has been awarded a contract with the U.S.
Air Force to provide Eavor-Loop™ generated geothermal energy to the
Joint Base San Antonio facility in Texas.
Eavor will assume a leadership role in contract execution,
guided by the oversight of the Air Force Office of Energy
Assurance, and partner with Chesapeake Energy (NASDAQ:CHK)
providing its technical and operational expertise.
Air Force Civil Engineer Center's Air Force Office of Energy
Assurance will oversee all phases of prototype program development.
This endeavor will leverage the Earth's inherent thermal resources,
with a focus on extracting energy via conduction from deep hot rock
using a closed-loop system. This prototype aims to fortify defense
infrastructure and deliver reliable clean energy regardless of
electrical grid disruptions.
Through DoD funding for the feasibility study, subsurface work
to fully characterize the geothermal resource will begin
immediately. Once operational, this cutting-edge project has the
potential to provide a constant supply of clean energy directly for
use on the base, supporting the Air Force’s commitment to energy
resiliency.
“We are pleased to partner with Eavor and the Department of
Defense on this innovative project," said Chesapeake Energy
President and Chief Executive Officer Nick Dell’Osso. "Chesapeake
is uniquely suited for subsurface engineering, surface regulatory
and impact mitigation and geologic resource characterization. We
are excited to have an opportunity to leverage this adjacent set of
expertise, furthering our mission toward a more secure, reliable,
lower carbon energy future.
“We applaud the DIU’s innovative spirit and believe this pilot
could be a role model for future bases, both on the national and
international scale,” states John Redfern, Eavor President + CEO.
“It is an honour and a privilege to work with the DoD, DIU, and
Chesapeake in the pursuit of energy resiliency, security, and
autonomy.”
“While JBSA is only a first of its kind for the DoD, success in
this endeavor, will pave the way for Eavor and Chesapeake to
deliver energy independence,” states Eavor Vice President of
Business Development Neil Ethier. “For this exploratory project, we
can think of no more qualified partner than Chesapeake, we are
looking forward to collaborating on many more additional such
projects in the future,“ adds Eavor Project Development Manager
Matt Seager.
About Chesapeake Energy Corp.
Headquartered in Oklahoma City, Chesapeake Energy Corporation is
powered by dedicated and innovative employees who are focused on
discovering and responsibly developing leading positions in top
U.S. oil and gas plays. With a goal to achieve net zero GHG
emissions (Scope 1 and 2) by 2035, Chesapeake is committed to
safely answering the call for affordable, reliable, lower carbon
energy.
About The Defense Innovation Unit
The Defense Innovation Unit (DIU) strengthens national security
by accelerating the adoption of commercial technology throughout
the military and bolstering our allied and national security
innovation bases. DIU partners with organizations across the
Department of Defense (DoD) to rapidly prototype and field dual-use
capabilities that solve operational challenges at speed and scale.
With offices in Silicon Valley, Boston, Austin, Chicago and inside
the Pentagon, DIU is the Department’s gateway to leading technology
companies across the country.
About Eavor Technologies Inc.
Eavor (pronounced “Ever”) is a technology-based energy company
led by a team dedicated to creating a clean, reliable, and
affordable energy future on a global scale. Eavor’s solution
(Eavor-Loop™) represents the world’s first truly scalable form of
clean, dispatchable, baseload capable, and flexible heat and power.
Eavor achieves this by mitigating or eliminating many of the issues
that have traditionally hindered geothermal energy. Eavor instead
circulates a benign working fluid that is completely isolated from
the environment in a closed loop, through a massive subsurface
radiator. This radiator simply collects heat from the natural
geothermal gradient of the Earth via conduction. Eavor has been
supported by equity investments made by several leading global
energy producers, investors, developers, and venture capital funds
including Vickers Venture Partners, bp Ventures, Chubu Electric
Power, BDC Capital, Temasek, Chevron Technology Ventures, BHP
Ventures, Helmerich & Payne, Precision Drilling and OMV.
info@eavor.com – Eavor.com
Contact Eavor Technologies Inc. John Redfern
President & CEO John.Redfern@eavor.com +1-650-269-2501
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