Plug and Play and GreenFire Energy Inc. announced today that GreenFire Energy Inc. has been accepted into Plug and Play’s Energy & Sustainability Program Batch 2. Twenty-four startups were selected for the Energy & Sustainability Program, part of the total 156 startups selected across 8 industry and technology cohorts in the Summer 2018 Batches. The acceptance rate across all programs was less than 2%.
Plug and Play’s three-month program focuses on business development, giving companies the opportunity to engage with corporate partners to secure pilots, Proof of Concepts (POCs), and investments. There are over 220 corporate partners in the network. After three months, the companies will graduate into Plug and Play’s global ecosystem and participate in the community through deal flow and events. The technologies represented in the program included renewable energy, artificial intelligence, IoT, robotics, and other advanced technologies. GreenFire Energy Inc. is the only geothermal renewable energy company in the program.
“We are delighted to have GreenFire Energy in our ecosystem and look forward to facilitate industry connections and VC introductions that are aligned with their go to market strategy,” said Wade Bitaraf, Founder of Energy & Sustainability practice at Plug and Play. “We invite all the corporations and startups interested in the energy value chain to join our global innovation programs.”
“We are excited to be part of Plug and Play’s highly selective Energy & Sustainability Program. We are impressed with Plug and Play’s extensive network of corporate partners which will give us access to potential partners and projects,”Joseph Scherer, Chief Executive Officer, GreenFire Energy Inc.
About GreenFire Energy Inc.
GreenFire Energy Inc. offers an elegantly simple solution to harvest the earth’s “thermal battery,” which is by far the largest source of continuous clean renewable energy. GreenFire Energy’s proprietary ECO2G™ technology can be used at existing geothermal fields to restore marginal wells to productivity. ECO2G™’s modular, scalable architecture can also access the extremely large, hot and deep geothermal resources that have been previously unreachable. Equally important, ECO2G™ provides continuous yet flexible power that quickly responds to the grid’s dynamically changing power demands. Visit us at www.greenfireenergy.com.
About Plug and Play Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in 21 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com.
GreenFire Energy Inc.
John R. Muir
Sr. VP Business Development
Plug and Play
Allison Romero firstname.lastname@example.org