Canada Growth Fund invests $90 million in Eavor Technologies

Company

Canada Growth Fund Inc.

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Eavor Technologies Inc.

Law Firm / Organization
DS Lawyers Canada LLP

Canada Growth Fund Inc. announced a $90M investment in Calgary-based Eavor Technologies Inc., a Canadian geothermal energy company that has developed an innovative technology solution to produce clean, reliable baseload heat and power using a proprietary closed-loop geothermal system. 

CGF's investment takes the form of a direct commitment of $90M of Series B preferred equity in Eavor.

Financing/Investment
Energy
$ 90,000,000
Closed
25 October 2023