EMERYVILLE, Calif. – October 19, 2020 – GreenFire Energy Inc. today announced that it has been listed in Lux Research, Energy’s 2020 Midterm Update: The Best Tech Startups & Ground Breaking Developments blog by Yuan-Sheng Yu, Senior Analyst, Lux Research. The blog identified top energy companies with a positive rating thus far this year, and GreenFire Energy was in the Thermal Power Generation category. According to the blog, the list represents “which companies rose to the top during an event-filled 2019 in the energy transition.”
GreenFire Energy completed the world’s first field-scale demonstration of closed-loop geothermal energy production in 2019. The demonstration was performed using an inactive well at the Coso geothermal field in Coso, California, USA. The project showed that GreenFire Energy’s closed-loop technology, called GreenFire Energy GreenLoop, can run successfully at field-scale and generated data to verify the company’s modeling of technical performance in a variety of real-world applications. The demonstration showed that GreenLoop has the ability to retrofit idle geothermal wells to become productive and validated the further development of the technology for use in hot, dry rock geothermal resources where conventional geothermal systems cannot be employed.
“GreenFire Energy is excited to be listed as one of the select energy companies to receive a Positive rating from Lux Research this year. Our field-scale demonstration of our closed-loop technology and deep intellectual property has generated tremendous interest in geothermal power production and industrial applications, particularly, hydrogen production. Our technology will expand access to geothermal energy sources and have many applications,” said Joseph Scherer, chief executive officer, GreenFire Energy Inc.
About GreenFire Energy Inc.
GreenFire Energy Inc. develops and deploys innovative, closed-loop technology to unlock the world’s largest source of continuous renewable energy. GreenFire Energy GreenLoop™ technology exploits vast, typically inaccessible geothermal resources, and enables cost competitive, continuous, and flexible power generation with unrivaled environmental advantages. GreenLoop technology, demonstrated at the Coso geothermal field in Coso, California, is versatile and has a number of additional high-value applications, including use for mineral extraction, hydrogen production, and energy storage. GreenFire Energy offers Field Scale and Well Retrofit Solutions for a wide spectrum of energy providers including those in the diversified renewable energy, geothermal, and oil and gas industries.
GreenFire Energy’s technology has been developed with grants from the U.S. Department of Energy and the California Energy Commission. The technology is the result of years of research conducted in concert with U.S. National Laboratories, major universities, and eminent experts in multiple scientific disciplines. GreenFire Energy is headquartered in Emeryville, California, USA. For more information visit www.greenfireenergy.com.
Media Contact:
Hollis Chin
VP Marketing
GreenFire Energy Inc.
+1.888.899.7363
Source: GreenFire Energy