SAN FRANCISCO, CALIFORNIA
GreenFire Energy Inc. today announced that it has won PIVOT2021’s New Venture Competition. PIVOT2021 Geothermal Reimagined is a virtual conference series aimed to push geothermal development into exponential global growth. It is widely attended by the oil and gas and geothermal industries, and investors who are together building the future of geothermal energy. PIVOT2021 is organized by the Geothermal Entrepreneurship Organization (GEO), from The University of Texas at Austin. The event is being held virtually July 19-23, 2021, with 165 experts and thought leaders from around the world speaking on panels.
The PIVOT2021 Geothermal Reimagined, New Venture Competition aimed to put a spotlight on the flourish of innovation and new startups emerging in geothermal. GEO, the organizer, received dozens of applications and held a semi-final round in June. The competition culminated with the four finalists pitching to the judges, Sir Richard Branson, Virgin, and Chris Anderson, TED, at the event. In addition to GreenFire Energy Inc., the finalists were Carbfix, Hephae Energy, and Hypersciences. The audience voted on the startup that they saw as the one with the greatest potential for global impact.
“We are honored to be the winner in PIVOT2021’s New Venture Competition and to be alongside so many impressive companies. GreenFire Energy has experienced tremendous interest in our GreenLoop technology to accelerate the production of geothermal energy. We want to especially thank GEO, Jamie Beard, the executive director of GEO, and the rest of the PIVOT2021 team for promoting the partnership of the oil and gas and geothermal industries – it’s really quite remarkable what PIVOT has accomplished,” said Joseph Scherer, president and ceo, GreenFire Energy.
About GreenFire Energy© Inc.
GreenFire Energy develops and implements innovative geothermal technology to accelerate the world’s transition to clean, continuous renewable energy. GreenFire’s GreenLoop™ is closed-loop geothermal technology that extracts and transports heat from deep in the earth to be used for geothermal power generation. GreenFire Energy delivers fast, low-cost, and high ROI geothermal retrofit, expansion, and greenfield projects. This scalable business model has led to commercial relationships with many of the world’s premier geothermal operators.
GreenFire Energy’s technology has been developed with grants from the U.S. Department of Energy, the California Energy Commission, and research conducted with U.S. National Laboratories, major universities, and eminent experts. The company has extensive international patents. GreenFire Energy is headquartered in the San Francisco Bay Area in California, USA. www.greenfireenergy.com