StoryFunding
Canada Growth Fund commits C$138M to Eavor Technologies for geothermal deployment pipeline
Canada Growth Fund committed up to C$138M to Eavor Technologies in June 2025 (C$89M at close, C$48M on milestone achievement) to support completion of the Geretsried facility and advancement of additional closed-loop geothermal projects in North America and Europe.
- C$138M total commitment from Canada Growth Fund (federal program)
- C$89M available at financial close; C$48M conditional on project milestones
- Second major Canada Growth Fund investment (follows C$90M+ in 2023)
- Funds support Geretsried completion and pipeline expansion