The Globe and Mail reports in its Thursday, Oct. 26, edition that a new federal financing agency set up to attract private-sector capital to finance commercial-scale, climate-related projects is making its first investment, plowing $90-million into geothermal energy developer Eavor Technologies. The Globe's Jeffrey Jones writes that contribution from the Canada Growth Fund (CGF) represents nearly half of a $182-million series B funding round for the Alberta-based company. Eavor Technologies generates base-load heat and power using a closed-loop geothermal system that it invented. The CGF said Eavor's technology has the potential to cut greenhouse-gas emissions globally, and its expansion will boost employment in Canada. The other investors include Austria's OMV, Japan Energy Fund, Monaco Asset Management and Microsoft's Climate Innovation Fund. The company's existing investors, BDC, BP Ventures, Eversource Energy, Temasek and Vickers Venture Partners, also contributed. One part of the CGF's mandate is to invest in Canadian clean-tech companies that are in the process of scaling up projects that have entered the commercial stage, and Eavor's technology, called Eavor-Loop, fits that bill.