Eavor continues geothermal development in Germany amidst management changes
Eavor GmbH reiterates its commitment to developing geothermal projects in Germany with the appointment of a new leadership team.
Eavor GmbH has announced the appointment of a new management team, with Marco Becker and Chris Cheng jointly assuming leadership of the company as Managing Directors. Both have already been involved in key operational roles at Eavor and bring deep insight into the company’s day-to-day activities.
Moreover, Fabricio Cesario has been appointed the Managing Director of Eavor Erdwärme Geretsried GmbH. The new management team will be taking over from Daniel Mölk, who has been instrumental in establishing Eavor’s presence in Germany.
Eavor states its continued commitment to the successful development of their geothermal projects in Germany under the new leadership team. The Geretsried project, the first commercial-scale deployment of the Eavor-Loop technology, has set a target for the start of power generation by the 2nd half of 2025. The company is also working on a second geothermal project in Germany in the city of Hanover, where a seismic survey has just been completed and drilling is planned to start by the summer.
The announcement of the departure of Daniel Mölk is a surprise given his industry credentials, and the fundamental role he has played in setting up Eavor in Germany, with the several projects under way with seismic campaign done in Neu-Ulm, the seismic study in Hannover and pushing the revolutionary closed-loop project in Geretsried – now so close to the finish line – forward. We hope in the context of Eavor’s continued work in Germany and the final step towards operation in Geretstried that this is indeed not disrupting continued work by Eavor in the country.
Source: Eavor announcement