Eavor Technologies is advancing its geothermal project in Geretsried, Germany, with full operational capacity now expected by the end of 2026.
- Developments in 2024: The project has reached a depth of nearly 2.8 miles below the surface, with approximately 200 miles of wellbores connected. The first loop is projected to commence operations in 2025.
- Technical Challenges: "We are continuously refining our approach as the project progresses. While challenges such as tool malfunctions and delays have occurred, necessary steps have been taken to validate the project's commercial feasibility," stated Jeanine Vany, Eavor’s Executive Vice President of Corporate Affairs.
- Drilling Status: Three of the six planned loops have been completed, with work ongoing on the fourth. The drilling depth has now reached 8,000 meters.
- Surface Infrastructure: Construction of surface infrastructure has been completed, facilitating the transition to the next phase of energy production.
- Well Depth and Design: The project consists of two vertical wells extending approximately 4,500 meters deep, with horizontal extensions between 3,000 and 3,500 meters. This closed-loop system utilizes naturally circulating water for heat transfer, with subsurface temperatures reaching up to 160°C.
- Projected Energy Output: The facility is expected to produce 64 MW of thermal energy and 8.2 MW of electrical power, supporting the energy needs of around 4,900 households. The project is anticipated to reduce CO? emissions by approximately 44,000 tonnes annually.
- Funding and Investment: The project has received nearly €45 million in financing from the European Investment Bank (EIB) and a €91.6 million grant from the European Union’s Innovation Fund.
- Government Involvement: Officially inaugurated in August 2023, the project has received recognition from key government figures, including German Chancellor Olaf Scholz and Bavarian Prime Minister Markus S?der, emphasizing its role in Germany’s renewable energy transition.
- Feasibility Assessment for Bulgaria and the Region: Eavor Technologies has signed an agreement to assess the potential for closed-loop geothermal energy in Bulgaria and Southeastern Europe. This initiative aims to explore the application of advanced geothermal technology in supporting the region’s energy transition.
The Geretsried geothermal project represents an advancement in sustainable energy technology, with closed-loop geothermal systems offering a scalable and reliable alternative to traditional energy sources. Supported by institutional backing and financial investment, the project is positioned to contribute to emissions reduction and the broader adoption of geothermal energy in Germany and Europe.
By the end of 2026, Eavor’s approach to geothermal energy is expected to provide a measurable impact on carbon reduction and energy diversification.
