Electric Power Research Institute and GreenFire Energy Enter Into an Agreement to Assess Geothermal Potential

EMERYVILLE, CA

GreenFire Energy Inc. today announced that it has entered an agreement with the Electric Power Research Institute (EPRI) to evaluate a wide range of geothermal resources and assess the techno-economic feasibility of GreenFire Energy’s closed-loop technology for an interested EPRI member utility. EPRI participated in GreenFire Energy’s first field-scale demonstration of closed-loop geothermal technology and this agreement is the next step in assessing the potential for the technology in the member utility’s region.   

GreenFire Energy GreenLoop™ is an advanced, closed-loop geothermal energy system that generates power from geothermal resources where conventional geothermal systems cannot operate due to lack of permeability, water or pressure. The demonstration of GreenLoop was performed at the Coso KGRA in California, USA in 2019. The project showed that GreenLoop can run successfully at field-scale, can retrofit idle geothermal wells to become productive, and validated the further development of the technology for use in hot, dry rock and other challenging geothermal resources.

“In this project, EPRI plans to review GreenFire Energy GreenLoop technology’s ability to produce safe, affordable, and environmentally responsible power from different types of geothermal resources. EPRI first learned about the potential of GreenFire Energy’s technology in collaboration with one of its members, performing an initial technical assessment of the technology in 2018. EPRI’s interest in GreenLoop further grew with its participation in GreenFire Energy’s field-scale pilot, which demonstrated the potential for its applicability. The next step is to evaluate specific geothermal applications and sites for GreenLoop power generation,” said Dr. Andrew Maxson, Program Manager, EPRI.

“We are again very pleased to be working with EPRI, a reknowned research institute providing independent, scientific research and development to member utilities worldwide. There is tremendous potential for geothermal worldwide and we believe that our GreenFire Energy GreenLoop technology can access the wide range of geothermal resources,” said Joseph Scherer, chief executive officer, GreenFire Energy Inc.

About GreenFire Energy Inc.

GreenFire Energy Inc. develops and deploys innovative, closed-loop technology to unlock the world’s largest source of continuous renewable energy. GreenFire Energy GreenLoop™ technology exploits vast, typically inaccessible geothermal resources, and enables cost competitive, continuous, and flexible power generation with unrivaled environmental advantages. GreenLoop technology, demonstrated at the Coso geothermal field in Coso, California, is versatile and has a number of additional high-value applications, including use for mineral extraction, hydrogen production, and energy storage. GreenFire Energy offers Field Scale and Well Retrofit Solutions for a wide spectrum of energy providers including those in the diversified renewable energy, geothermal, and oil and gas industries.

GreenFire Energy’s technology has been developed with grants from the U.S. Department of Energy and the California Energy Commission. The technology is the result of years of research conducted in concert with U.S. National Laboratories, major universities, and eminent experts in multiple scientific disciplines. GreenFire Energy is headquartered in Emeryville, California, USA. For more information visit www.greenfireenergy.com

Media Contact:

Hollis Chin
VP Marketing
GreenFire Energy Inc.
+1.888.899.7363