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 in Indonesia is planned for 2022. The funds will finance Pertamina’s plan to double its installed capacity from 672 MW to 1,300 MW over the next five years.
The first commercial geothermal power plant in Taiwan has come into operation. Taiwan has a policy goal of carbon neutrality by 2050 and the plant is a pilot project for boosting investment in more geothermal plants on a strategic U.S. ally.
An international consortium has agreed to build the first geothermal power plant in Chile. Dutch Transmark Renewables, Icelandic GEG Power, and North Tech Energy are partnering on the Adobera geothermal project.
Kengen will accelerate the deployment of renewable energy including geothermal to achieve 100% utilization of renewable energy by 2030 in Kenya. Previously, the company announced its plan to nearly double the current geothermal capacity of 713.24 MW in the next four years.
Read the insightful article by Ajit Menon, Vice President Geothermal and Energy Transition, Baker Hughes, on reducing costs, risk, and uncertainty in geothermal energy projects. Some of the solutions are to use technology to accelerate the time to deliver geothermal wells, tools to better understand the geothermal resource, and collaborate between organizations and stakeholders. Opinion-Delivering Geothermal with Reduced Cost, Risk, and Uncertainty.
GreenFire Energy Updates
GreenFire Energy can attest to the strong global interest in geothermal. We are completing this year our projects in the Philippines and Japan. We have been awarded other projects in the U.S. and are advancing projects with various customers in Africa, the Americas, Europe, the Far East, Middle East, and Southeast Asia.
GreenFire Energy executives have presented at recent conferences and the presentations are now available in video.
Society of Petroleum Engineers (SPE) Geothermal Workshop, December 2021
- The Benefits of Geothermal Power, Evolution of the U.S. Electricity Grid, and the Need for Geothermal Research and Development
Andrew J. Van Horn, Ph.D.
Geothermal Rising, October 2021
Closed Loop Panel, Geothermal Rising, October 2021.
Geothermal Rising, October 2021
2nd Philippine International Geothermal Conference
New research papers were recently presented at conferences and are now available. Register to download the research papers.
- Closed-Loop Geothermal in Steam and 2-Phase Dominated Reservoirs, NGAP Conference 2021
Alvaro Amaya, Harish Chandrasekar, Joseph Scherer, Brian Higgins
- Closed-Loop Geothermal in Steam Dominated Reservoirs, GRC Transactions, Vol 45, 2021
Brian Higgins, Joseph Scherer, Alvaro Amaya, Harish Chandrasekar, and Andrew Van Horn
- The Benefits of Geothermal Power, Evolution of the U.S. Electricity Grid, and the Need for Geothermal Research
Andrew Van Horn, Phillip Muller, Robert Pilko, Alvaro Amaya, John Muir, and Joseph Scherer
We are hiring! See the job postings for reservoir engineer, process modeling engineer, mechanical engineer and more, at Careers.
Please follow GreenFire Energy on LinkedIn and Twitter (@greenfireenergy). Contact John Muir, firstname.lastname@example.org to discuss your geothermal projects.
Have a wonderful new year!