Parties
Company
Canada Growth Fund Inc.
Company
Eavor Technologies Inc.
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.
Deal Type
Financing/InvestmentIndustry
EnergyTransaction
$ 90,000,000Deal Status
ClosedClosing Date
25 October 2023