Drayton Valley, Brazeau County exploring leading edge energy project
The Town of Drayton Valley and Brazeau County hope to be on the leading edge of embracing a new twist on existing technology that could have a significant impact on the world’s energy industry.
Drayton Valley Town Council has unanimously approved moving ahead with a grant application for the construction of the world’s first-ever commercial Eavor Loop project in the Brazeau County-Drayton Valley area.
Officials say the roughly $50 million Eavor Loop project would use geothermal technology to generate electricity and/or thermal energy for both residents and businesses in the area, with potential grant funding to cover at least 50 per cent of the cost. The remainder is anticipated to be covered by Calgary-based Eavor Loop Technologies Inc, a “turn-key” partner in the project.
Drayton Valley mayor Michael Doerksen says it’s a project the Town and Brazeau County have been working together on for a while now, saying it’s not the typical geothermal that most people think of, but more of a convection cycle requiring two separate sites.