Joseph Scherer, CEO, GreenFire Energy We recently completed the initial closing of our Series A financing round, led by energy technology leader Baker Hughes. I am very pleased that Ajit Menon, Vice President of Geothermal for Baker Hughes, is joining our corporate board of directors. This is all part of expanding the strategic relationship we’ve built with their geothermal team that includes Baker Hughes personnel, activities, and support. Other key investors in the financing round include Helmerich & Payne, Inc. (H&P) and venture investors from Optima Capital of Singapore. GreenFire Energy is seeing a tremendous surge of interest in our GreenLoop technology for geothermal well […]

Oil and gas companies have geothermal on the radar and they are ushering in a new phase of growth. As energy companies transition to a low-carbon future, geothermal energy offers renewable power generation that aligns with their operational expertise and skilled labor force. We are seeing the increase in new geothermal projects like never before. Our View of the Industry In the U.S., clean energy advocates that have driven the rise of wind and solar are hoping to do the same with geothermal. Geothermal energy was included in Congress’ bipartisan infrastructure package last fall that devoted $84 million for demonstration […]

Hollis Chin, VP Marketing, GreenFire Energy Geothermal energy development is growing and the evidence is in plain sight. Companies around the globe are announcing geothermal projects and plans–which means market growth. The news is good but we still have much work to do. We need to move faster on developments, be smarter by using technology, and cooperate in the spirit of shared destiny. Let’s make 2022 the year that geothermal makes an impact on the energy transition. Thank you for being a friend of GreenFire Energy. Happy Holidays! Our View of the Industry The IPO for PT Pertamina Geothermal Holding […]

Hollis Chin, VP Marketing, GreenFire Energy The geothermal industry used to be a lonely place. Outside the industry, few people cared about the potential of earth’s abundant, continuous, renewable resource. We invited new people to our conferences, but they didn’t come. Now all that has changed. With the Geothermal Rising Conference, Pivot2021, GEOLAC, the World Geothermal Congress 2020+1, and more, geothermal is now like a big dinner party. People are flowing in with food and wine. With all the bright minds and innovative companies, geothermal has momentum. Our View of the Industry The geothermal dinner party was in full swing […]

Andrew J. Van Horn Ph.D., Director of Applied Research, GreenFire Energy California was burning and the western U.S. baking, leading to high electricity demands that taxed generation resources throughout the West. On Friday, August 14, 2020, the California Independent System Operator (CAISO) reported that a 750 MW unit was offline, and a 475 MW natural gas-fired generator went down. Out-of-state imports were constrained, partly because imported power was needed in other states and was not under firm contracts to California. On Saturday, August 15, cloudy and smoky conditions reduced solar generation across the state and breezes were erratic. At 4 […]