Temasek, Vickers Ventures lead funding round for Canadian energy firm

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The energy company raised US$40m in the round. Canadian startup energy company Eavor Technologies Inc. raised more than $53m (US$40m) in an undisclosed funding round led by Singapore venture capitalists Temasek and Vicker Ventures. Eavor’s technology, known as Eavor-Loop, uses the natural heat of the earth like a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. read more