CHK - U.S. Defense Department Awards Eavor Contract to Power Military Base through Advanced Geothermal System | Benzinga
CALGARY, Alberta and SAN ANTONIO, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Eavor Inc. ("Eavor"), the leader in globally scalable geothermal closed-loop technology, has been awarded a contract with the U.S. Air Force to provide Eavor-Loop™ generated geothermal energy to the Joint Base San Antonio facility in Texas.
Eavor will assume a leadership role in contract execution, guided by the oversight of the Air Force Office of Energy Assurance, and partner with Chesapeake Energy (NASDAQ:CHK) providing its technical and operational expertise.
Air Force Civil Engineer Center's Air Force Office of Energy Assurance will oversee all phases of prototype program development. This endeavor will leverage the Earth's inherent thermal resources, with a focus on extracting energy via conduction from deep hot rock using a closed-loop system. This prototype aims to fortify defense infrastructure and deliver reliable clean energy regardless of electrical grid disruptions.
Through DoD funding for the feasibility study, subsurface work to fully characterize the geothermal resource will begin immediately. Once operational, this cutting-edge project has the potential to provide a constant supply of clean energy directly for use on the base, supporting the Air Force's commitment to energy resiliency.
"We are pleased to partner with Eavor and the Department of Defense on this innovative project," said Chesapeake Energy ...