ARKANSAS, Nov 17 (Future Headlines)- Creative Energy, a renowned district energy company specializing in innovative energy solutions, is partnering with Eavor Technologies (Eavor) to conduct a feasibility study for integrating the Eavor-Loop™ closed-loop geothermal technology into the Vancouver Core system in downtown Vancouver, Canada. Creative Energy, with over 55 years of experience, is recognized for designing, building, owning, and operating sustainable district energy systems, boasting a remarkable reliability rate of 99.99%.
Currently engaged in revitalizing and decarbonizing their downtown Vancouver steam plant, Creative Energy relies on natural gas-fired boilers in a central plant to produce heat distributed to customers as steam through an underground piping network. Upon completion, this project will stand as one of North America’s largest thermal fuel-switch initiatives, contributing to the establishment of renewable energy infrastructure in downtown Vancouver.
As part of the broader decarbonization efforts, Creative Energy is developing its Long-Term Resource Plan, outlining a strategy to transform the system into a zero-carbon utility. This includes converting the distribution system from steam to hot water to accommodate advanced clean technologies.
The integration of the Eavor-Loop™ into Creative Energy’s system holds significant potential to make a substantial impact on greenhouse gas (GHG) emissions in the Vancouver area, estimated at approximately 30,000 tonnes annually. In alignment with Canada’s commitment to achieving net-zero emissions in the coming decades, this collaboration serves as a model for other urban areas aspiring to attain carbon neutrality.
Eavor Technologies recently received the first grant from the Canada Growth Fund, a $15 billion federal program supporting low-carbon initiatives. The Canada Growth Fund contributed $90 million to an equity round totaling $182 million for Eavor Technologies. This funding injection underscores the government’s commitment to advancing innovative and sustainable solutions for reducing carbon footprints.
The feasibility study conducted by Creative Energy and Eavor will explore the seamless integration of the Eavor-Loop™ closed-loop geothermal technology into the existing district energy system in downtown Vancouver. The potential benefits include enhanced efficiency, reduced GHG emissions, and the establishment of a scalable model for urban areas looking to transition to sustainable and carbon-neutral energy solutions.
This collaboration aligns with the broader global efforts to transition to cleaner and more sustainable energy sources. Geothermal technologies, such as the Eavor-Loop™, play a crucial role in providing reliable, renewable, and low-carbon energy solutions for the future. The success of this project could serve as a blueprint for other cities worldwide, contributing to the global goal of mitigating climate change and achieving a sustainable, low-carbon future.
Reporting by Kevin Wood; Editing by Sarah White