New exclusive out in the newsletter this morning: 

The geothermal startup Eavor Technologies -- the one building its debut plant out in Germany -- just hit a major milestone with its patented drilling technology that allows the company to bore parallel "looped" wells that eventually merge as deep as 20 Empire State Buildings underground. 

With its drilling tools, the company can shave "tens of millions of dollars" off the cost of drilling -- a significant breakthrough.

New exclusive out in the newsletter this morning: 

The geothermal startup Eavor Technologies -- the one building its debut plant out in Germany -- just hit a major milestone with its patented drilling technology that allows the company to bore parallel "looped" wells that eventually merge as deep as 20 Empire State Buildings underground. 

With its drilling tools, the company can shave "tens of millions of dollars" off the cost of drilling -- a significant breakthrough. 

https://paragraph.com/@kaufman/geothermal-startups-drilling-breakthrough-shaves-tens-of-millions-off-costs

Reporter and writer. I cover energy, climate change and geopolitics. Contact me via my website www.alexanderckaufman.com and subscribe to kaufman.substack.com.

That’s huge! Eavor’s tech sounds like a real game-changer