Iceland is the geothermal capital with 9 out of 10 homes using its energy. America and China both have plans to increase their geothermal energy cultivation. And with the current Texan Snowstorm causing havoc for the natural gas supply in the USA, something needs to be done sooner rather than later. Eavor is a cutting-edge clean energy solutions provider. They innovate on existing geothermal technologies for better efficiency and cost-effectiveness.
The new investment funding will allow the start-up to lower its costs for consumers. Even during the onslaught of the pandemic in 2020 investments in geothermal energy rose to $675 million exceeding the 2019 total by 6 times.