Chubu Electric Power completed the acquisition of a minority stake in Eavor Technologies.

Chubu Electric Power, an electric utilities provider, completed the acquisition of a minority stake in Eavor Technologies, a scalable geothermal technology provider. Financial terms were not disclosed. “A technology such as this is a true game-changer and represents a potential transformation to the world’s energy stack, addresses climate change as well as energy autonomy and independence issues simultaneously. CHUBU is excited to be working with Eavor and supporting a solution to some of the world’s most intractable problems. This is an important strategic step for CHUBU fully aligned with our Management Vision 2.0 which defines CHUBU’s efforts to achieve sustainable growth," Hiroki Sato, CHUBU Senior Executive Managing Officer.