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GreenFire Energy provides multiple options for oil and gas companies making the transition to new energy technologies and especially electric power generation.
Oil and Gas Well Repurposing
GreenFire’s GreenLoop technology opens the way to exploiting vast global reserves of thermal energy that dwarf the energy potential of oil and gas.
Direct Use
GreenFire Energy is developing the ability to generate heat and cooling from marginal or idle oil wells.
Studies sponsored by the U.S. Department of Energy have shown that geothermal energy is several orders of magnitude greater than coal, oil and gas combined, and that 70% of geothermal energy resources have yet to be discovered. In other words, geothermal energy is the biggest source of clean, continuous power on earth and we have barely begun to develop its potential.
Even better, oil and gas companies have already developed much of the technology and skills necessary to harvest geothermal energy. The principal activities are also very similar – exploration, analysis, drilling, power production and distribution. GreenFire Energy has developed specialized expertise and technologies that complement and extend the capabilities of oil and gas companies to access geothermal energy.
GreenFire Energy’s strategic partners – Baker Hughes, H&P and Vallourec – are well known in the oil industry for best of class performance. Their technologies and skills are now being repurposed for geothermal energy production. This enables GreenFire Energy to complete large projects in many locations worldwide.