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 […]
Press Releases
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 […]
GreenFire Energy Inc. and Dios Energy Enter Agreement for Geothermal Energy Project Development in Japan
Dios Energy’s Nigel Coates Brings Country Expertise in Renewable Energy Projects SAN FRANSCISCO, CALIFORNIA GreenFire Energy Inc. today announced that it has entered in an agreement with Dios Energy, a renewable energy advisory firm, whereby Dios Energy will act as a local partner for Japan. Dios Energy will develop and support geothermal projects in Japan exclusively on behalf of GreenFire Energy. Japan has the world’s third largest geothermal reserves behind the U.S. and Indonesia with an installed geothermal power generation capacity of about 600 MW.1 The Japanese central government is currently driving geothermal development by relaxing regulations as part of […]
GreenFire Energy Inc. Wins the PIVOT2021 Geothermal Reimagined, New Venture Competition
SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced that it has won PIVOT2021’s New Venture Competition. PIVOT2021 Geothermal Reimagined is a virtual conference series aimed to push geothermal development into exponential global growth. It is widely attended by the oil and gas and geothermal industries, and investors who are together building the future of geothermal energy. PIVOT2021 is organized by the Geothermal Entrepreneurship Organization (GEO), from The University of Texas at Austin. The event is being held virtually July 19-23, 2021, with 165 experts and thought leaders from around the world speaking on panels. The PIVOT2021 Geothermal Reimagined, New Venture […]
GreenFire Energy Inc. Appoints Andy Sabin, Ph.D., Geothermal Executive to Advisory Board
Dr. Sabin serves on the International Geothermal Association Board of Directors and is the Former President of Geothermal Rising SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced the appointment of Andy Sabin, Ph.D. to its Advisory Board. Dr. Sabin is an influential technical and policy expert in the geothermal industry and serves on the Board of Directors of the International Geothermal Association (IGA) and is the former president of Geothermal Rising (formerly the Geothermal Resources Council). His expertise will help GreenFire Energy to prioritize its many commercial opportunities. Dr. Sabin is a well-known geothermal executive with 20+ years of experience […]
Andrew Van Horn Ph.D., GreenFire Energy Inc., Presents “The GreenLoop: Geothermal Energy” at the 2021 Virtual Wall Street Green Summit
SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced that Andrew Van Horn Ph.D., director of applied research and advisory board member, will be presenting “The GreenLoop: Geothermal Energy” at the 2021 Virtual Wall Street Green Summit on April 30, 2021. The conference is the “one-stop shop” to come up to speed on the latest developments in green innovation and finance. Andy’s presentation will cover future roles for geothermal energy and worldwide markets for innovative Closed-Loop Geothermal (CLG) technologies. Applications include the retrofit of underproducing geothermal and oil and gas wells, CLG power production from hot dry rock (which does not […]
GreenFire Energy Inc. and Mitsui Oil Exploration Co., Ltd. Enter Agreement to Perform a Technoeconomic Assessment of a Geothermal Resource
SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. and the Mitsui Oil Exploration Co., Ltd. (MOECO) today announced that they have entered an agreement for GreenFire Energy to design and assist MOECO in performing a demonstration and testing of one of GreenFire Energy’s closed-loop geothermal solutions at a geothermal resource in Japan. The goals are to demonstrate substantial heat recovery from an exploratory well which has already been drilled but cannot be produced by conventional geothermal technology and to assess the technoeconomic feasibility of developing the resource with new technology to create a large-scale geothermal power production facility. MOECO is an oil […]
GreenFire Energy Inc., EDC Collaborate to Generate Power from Idle Geothermal Well
SAN FRANCISCO, CALIFORNIA GreenFire Energy Inc. today announced that it has entered into an agreement with world geothermal leader Energy Development Corporation (EDC) to perform a commercial retrofit that will restore and generate steam from an idle geothermal well in its Mahanagdong geothermal facility located in Leyte, Philippines. The idle geothermal well has not been usable due to the high level of non-condensable gases produced from the well when flowing. The heat mining system will correct this and meet its surface system pressure requirements once it is installed and commissioned in 4Q 2021. The data and experience gathered with the […]