Oil and Gas Companies
Accelerate your transition to renewable energy systems
Photo by WORKSITE Ltd on Unsplash
Climate change mandates the diversification from fossil fuels to large scale renewable power generation. Geothermal energy’s vast potential far exceeds oil and gas resources and offers the clean, continuous, cost-competitive power that large customers demand.
Field Scale Solution Unlocks Vast Source of Clean, Continuous Energy
Using GreenLoop technology, our Field Scale Solution modifies the advanced drilling and completion technology that revolutionized the oil and gas industry to develop large new geothermal projects wherever there is sufficient heat.
GreenLoop not only opens up vast but previously unusable geothermal resources, but uses existing geothermal resources more intensively. GreenLoop’s high well density architecture extracts much more heat than conventional technology which, on average, uses only about 10% of the heat available in a typical geothermal project. Drilling multiple wells in the same location substantially reduces the cost per well and permits economies of scale in site development, power purchase agreements, and transmission lines.
GreenFire Energy’s extensive project modeling capability for closed-loop projects reduces project risk and optimizes power output. GreenLoop technology is the result of years of research conducted in concert with the U.S. Department of Energy, National Laboratories, major universities, and eminent experts in a wide spectrum of oil and gas drilling, geology, modeling, and thermodynamics disciplines.
Field Scale Solution Benefits
- Cost competitive
- Scalable to very large projects
- Continuous with no intermittency
- Flexible to support power as needed
- Resilient power
- Environmentally superior
Well Retrofit Solutions Reduce the Carbon Footprint and Cost of Hot Oil Wells
GreenFire Energy is actively working with oil and gas companies to use GreenLoop technology to either generate power from unproductive, but hot, oil wells or to more efficiently produce qualifying oil wells using geothermal energy.
Using proprietary modeling tools, each oil Well Retrofit candidate will be assessed for power generation or oil production with a reduced carbon footprint.
One example of the technology being developed is the Gravity Head Pump (GHP) which is driven by a fluid thermosiphon. The GHP is designed to reduce costs and parasitic power loss while improving service life.
