Eavor Partners with the Government of Alberta to Launch the Alberta Drilling Accelerator
April 30 2024 - 4:00PM
Eavor Partners with the Government of Alberta to Launch the Alberta
Drilling Accelerator
On April 30, Eavor was joined by Rebecca Schulz, the Minister of
Environment & Protected Areas, the Canadian Association of
Energy Contractors, the Canadian Geothermal Energy Association, the
Rural Municipalities Association, and Brazeau County to commence
the planning and development of the Alberta Drilling Accelerator.
Led by the Government of Alberta, Eavor, and
other stakeholders, the Alberta Drilling Accelerator (ADA) will
represent a technology-agnostic, market-driven geothermal test site
available for use by any geothermal company to enable novel
drilling techniques and off-site technology development. The test
bed will be the first of its kind in Canada, firmly establishing
Alberta as a global leader in geothermal technology
commercialization and exports. Additionally, the ADA will help
ensure the province keeps pace with other government-supported
geothermal test sites, such as Utah FORGE in the United States, the
Continental Deep Drilling Programme in Germany, the Deep Drilling
Project in Iceland, and China’s recently announced drilling program
as geothermal technologies gain prominence across the globe.
“Alberta has been a global energy leader for
more than a century, renowned for our skilled workforce, innovation
and one of the largest oil and gas reserves on the planet. The
proposed Alberta Drilling Accelerator presents enormous potential
to help our province lead the next wave of energy projects here at
home and around the world that reduce emissions, create jobs and
enhance energy security.”
- The Honourable
Rebecca Schulz, Minister of Environment & Protected Areas
The ADA reflects the Government of Alberta’s
commitment to establish Alberta as a global geothermal hub
promoting technology development and adoption to augment net-zero
2050 ambitions and energy security, per the Emissions Reduction
& Energy Development Plan. Alberta’s oil and gas sector
positions the province as the ideal jurisdiction to scale
innovative geothermal drilling methods and technologies by
leveraging an unparalleled labour pool and drilling assets to
advance geothermal applications.
“With cumulative geothermal investment poised to
reach $1 trillion by 2050, a geothermal arms race is very much
underway to commercialize novel drilling techniques that accelerate
geothermal development – exhibited by testing facilities in the
United States, China and Iceland. As Canada’s first geothermal test
bed, the Alberta Drilling Accelerator will help bring geothermal
technologies to scale, supporting companies like Eavor. We commend
the Government of Alberta for this bold initiative.”
- John Redfern,
President & CEO, Eavor Technologies
Eavor applauds the Government of Alberta’s
decision to advance the ADA and looks forward to continued
collaboration in establishing the province as a world-class
destination for geothermal innovation.
Contact
Eavor Technologies Inc.John Redfern President &
CEOpress@eavor.com+1-650-269-2501