CALGARY, AB, April 30, 2024 (Globe Newswire) — On April 30, Mr. Eiber was joined by Rebecca Schultz, Minister of the Environment and Protected Areas, Canadian Energy Contractors Association, Canadian Geothermal Energy Association, and Local Government Association. I sat with him. , Brazeau County begins planning and development of the Alberta Drilling Accelerator.
Led by the Government of Alberta, Ebor and other stakeholders, the Alberta Drilling Accelerator (ADA) will be a technology-agnostic, market-driven geothermal testing site that any geothermal company can use to enable new drilling and off-site technologies. It will be. development. The testbed will be Canada's first and solidifies Alberta's position as a world leader in the commercialization and export of geothermal technology. Additionally, ADA will help the state keep pace with other government-supported geothermal test sites, including Utah Forge in the United States, Germany's Continental Deep Drilling Program, Iceland's Deep Drilling Project, and the recently announced Chinese Drilling Program. This will help ensure alignment. While geothermal technology is attracting attention around the world,
“Alberta has been a world energy leader for more than a century, known for its skilled workforce, innovation, and the largest oil and gas reserves on the planet. The proposed Alberta Drilling Accelerator would reduce emissions It shows great potential to help our state lead the next wave of energy projects across the country and around the world that will reduce energy consumption, create jobs and strengthen energy security.”
– Rebecca Schultz, Minister of the Environment and Protected Areas
Based on the Emissions Reduction and Energy Development Plan, the ADA aims to advance technology development and deployment to strengthen the 2050 net-zero goal and energy security, and establish Alberta as a global geothermal hub. It reflects the commitment of the state government. Alberta's oil and gas sector leverages unparalleled workforce and drilling assets to advance geothermal applications, positioning the province as an ideal jurisdiction to expand innovative geothermal drilling methods and technologies I am.
“Cumulative investment in geothermal is expected to reach $1 trillion by 2050, and a geothermal arms race is underway to commercialize new drilling technologies that will accelerate geothermal development, with the United States, China, Rand's test facility proves that. As Canada's first geothermal testbed, we help companies like Eavor scale up geothermal technology. We applaud this bold initiative.”
– John Redfern, President and CEO of Eavor Technologies
Mr. Eber applauds the Government of Alberta's decision to move forward with the ADA and looks forward to continued collaboration to establish the province as a world-class geothermal innovation destination.
contact
Eber Technologies Co., Ltd.
John Redfern
President and CEO
press@eavor.com
+1-650-269-2501
