Hogan Lovells advises Chubu on the acquisition of a strategic stake in Eavor Technologies

Press releases | 19 October 2022

Led by Hamburg partner Alexander Koch global law firm Hogan Lovells has advised Japanese electric utilities provider Chubu Electric Power Co Inc. on the acquisition of a strategic stake in Canadian geothermal technology company Eavor Technologies Inc.

The investment will support the business plan and commercialization of the unique Eavor-Loop™ Technology, which uses conduction to retrieve heat from the earth's subsurface resulting in a long-term, reliable, predictable and independent supply of renewable energy. This completely closed loop system differs from conventional geothermal solutions as it provides a highly scalable source of heat and power without exploration risk.

Hogan Lovells has provided legal advice to Chubu during the due diligence, on patent and corporate law issues as well as merger and investment control matters. Blake, Cassels & Graydon LLP assisted Chubu as Canadian counsel.

Hogan Lovells Team for Chubu Electric Power Co Inc.

Hamburg

Dr Alexander Koch (Partner), Malte Bever (Senior Associate), Joy Baur, Gesa Unland-Miramov (Associates) (all Corporate);

Dr Anna-Katharina Friese-Okoro (Partner), Bastian Englisch, Benedikt Dellen (Senior Associates), Dr. Michael Jordan (Associate) (all Intellectual Property);

Munich

Christian Ritz (Partner), Dr Lukas Rengier (Counsel), Benedikt Weiß (Associate) (all Antitrust);

Washington D.C.

Brian P Curran (Partner), Patrick Miller (Associate) (both Regulatory).