GreenFire Energy to develop a first-ever closed-loop geothermal test facility in the world with consortium SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. will provide its Advanced Geothermal System (AGS), a closed-loop technology, as an industrial affiliate in the Wells2Watts Geothermal Energy Consortium. The consortium’s near-term focus is in using closed-loop geothermal technology to transform dry-nonproductive geothermal wells and non-productive oil and gas wells into geothermal wells capable of producing electrical power. GreenFire Energy’s AGS will be used in the first consortium project that will demonstrate the technology under many different reservoir and well conditions. Previously, the technology was used in the first […]
Press Releases
GreenFire Energy Inc. and CPC Corporation, Taiwan enter into a Memorandum of Understanding for Closed-Loop Geothermal
GreenFire Energy and CPC Corporation to Work Together to Develop Geothermal Projects in Taiwan SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. and CPC Corporation, Taiwan (“CPC”), have signed a memorandum of understanding (MOU) to work together to develop geothermal projects in Taiwan. This agreement enables both companies to collaborate on future geothermal projects and further Taiwan’s progress towards its Net Zero Emission 2050 goal. The MOU was signed at the Taiwan International Geothermal Conference in Taipei, Taiwan. CPC is Taiwan’s state-owned petroleum company. It is implementing the government’s energy transition policy and actively promoting geothermal power generation. CPC has extensive exploration […]
GreenFire Energy Inc.’s Joseph Scherer, CEO, to Speak at the 3rd Philippine International Geothermal Conference on October 26-28, 2022
Technical Paper on Progress for Closed-Loop Geothermal Projects in Steam and Two-Phase Dominated Reservoirs To Be Presented WALNUT CREEK, CALIFORNIA GreenFire Energy Inc. today announced that Joseph Scherer, CEO, will be speaking at the upcoming 3rd Philippine International Geothermal Conference (Virtual), October 26-28, 2022. The conference is organized by the National Geothermal Association of the Philippines in partnership with the Department of Energy and New Zealand Trade and Enterprise. Joseph Scherer will present the new technical paper, “Progress for Closed-Loop Geothermal Projects in Steam and Two-Phase Dominated Reservoirs.” The Philippines is a pioneer in geothermal energy and has been generating […]
GreenFire Energy Inc. Executives to Speak at the Geothermal Rising Conference on August 28-31, 2022
WALNUT CREEK, CALIFORNIA August 25, 2022 GreenFire Energy Inc. today announced that its executives will be presenting at the upcoming Geothermal Rising Conference, August 28-31, 2022 in Reno, NV. GreenFire Energy’s Joseph Scherer, CEO, will participate in a panel on the techno-economics of closed-loop technology and in a session on closed-loop everywhere. He will present on the current progress of geothermal projects in steam and 2-phase dominated reservoirs. John Muir, SVP Business Development, will present on the topic that geothermal power is a premium power source. Ray Alvarado, Chief Mechanical and Process Engineer, will participate on a panel on leveraging […]
GreenFire Energy Enters Representation Agreement with Taiteck Co., Ltd, for Geothermal Energy Business in Taiwan
WALNUT CREEK, CALIFORNIA GreenFire Energy Inc. announced today that it has entered a representation agreement with Taiteck Co., Ltd of Taiwan. Under this agreement Taiteck will secure and service business in Taiwan on behalf of GreenFire Energy. Established in 1982, Taiteck is experienced in providing energy engineering services including oil and gas engineering, power system, project management, and consultation in Taiwan. Taiteck’s technical engineers have more than 25 years of professional experience in power construction management, LNG, onshore and offshore drilling, geothermal drilling, and offshore engineering supervision. The need for geothermal power development in Taiwan is becoming imperative; as a […]
Vallourec Announces Investment in Closed Loop Geothermal Company GreenFire Energy
MEUDON, FRANCE Vallourec, a world leader in premium tubular solutions, announces an investment in GreenFire Energy Inc., an American start-up developing Advanced Geothermal Systems based on its innovative technology called GreenFire’s GreenLoop ™. This transaction was carried out as part of a “Series A” funding alongside other major investors, Baker Hughes and Helmerich & Payne. Vallourec and GreenFire Energy have been working together since 2019 on several successful Closed- Loop Geothermal demonstrators in various fields. This investment will further strengthen the relationship between the two companies. Vallourec THERMOCASE® Vacuum Insulated Tubing (VIT) is a key enabler of closed loop geothermal […]
GreenFire Energy Inc. Completes Initial Closing of Series A Financing Led by Baker Hughes
Helmerich & Payne, Inc. Invests in the Financing Round SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc., a developer of innovative geothermal technology, announced that it has completed the initial closing of its Series A financing round led by Baker Hughes, an energy technology company. Helmerich & Payne, Inc. (NYSE: HP), a global leader in rig technologies and drilling solutions, also invested in the financing round. The funds will be used to support and accelerate GreenFire Energy’s large pipeline of commercial opportunities across the globe and to further advance geothermal technology. GreenFire Energy has pioneered closed-loop geothermal energy systems since its founding […]
California Energy Commission Awards Funding to GreenFire Energy Inc. for Demonstration of its Geothermal GreenLoop Technology at The Geysers
GreenFire Energy Inc. to Partner with Calpine Corporation to Implement Its Steam Dominated GreenLoop Technology SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. announced today that it was awarded more than $2.7 million by the California Energy Commission (CEC) to install its Steam Dominated GreenLoop (SDGL) technology at The Geysers geothermal field in California. GreenFire Energy will work closely with Calpine Corporation’s indirect subsidiary, Geysers Power Company, LLC to finalize agreements and host the demonstration project at its facilities at The Geysers in California, USA. Funding for the test well was provided through the CEC’s Bringing Rapid Innovation Development to Green Energy […]
GreenFire Energy Inc. Executives to Speak at the Geothermal Rising Conference, October 3-6, 2021
Two New Research Papers on “Closed-Loop Geothermal in Steam Dominated Reservoirs” and on ”The Benefits of Geothermal Power, Evolution of the Electricity Grid, and the Need for Geothermal Research” to be Released SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced that Joseph Scherer, CEO, and Andrew J. Van Horn, Ph.D., Director of Applied Research, will be presenting at the Geothermal Rising Conference, October 3-6, 2021, in San Diego, California, USA. GreenFire Energy and the Geothermal Rising Conference will release two new research papers related to the GreenFire Energy executives’ presentations. The Geothermal Rising Conference is the geothermal industry’s flagship annual […]
Joseph Scherer, GreenFire Energy Inc. to Speak at GEOLAC 2021, the 8th Geothermal Congress for Latin America and the Caribbean, September 8-10, 2021
SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced that Joseph Scherer, CEO, GreenFire Energy Inc. will be speaking at GEOLAC 2021, the 8th Geothermal Congress for Latin America and the Caribbean, being held virtually on September 8-10, 2021. Scherer will be part of a live panel discussion with other tech leaders on “What trends and technologies are driving the geothermal industry in Latin America and the Caribbean?” GEOLAC 2021 is co-hosted by the Inter-American Development Bank (IDB), the World Bank, and ESMAP, and is focused on driving the development of world-class geothermal projects in Latin America and the Caribbean. There […]
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