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GreenFire Energy
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Short description

Developer of proprietary closed-loop GreenLoop geothermal technology

Founded in 2010
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector geothermal

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters San Francisco, CA San Francisco, United States
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Updated by Hollis Chin at GreenFire Energy on 04/06/2022

Edited by Cleantech Group on 02/22/2023

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Date Company

Electric Power Research Institute Electric Power Research Institute

Confirmed by Electric Power Research Institute

Partnerships
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Date Partner Type
Baker Hughes Baker Hughes
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Confirmed by Baker Hughes
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IPO INFORMATION

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Description

Date Investors Type Amount
03/07/2022 Baker Hughes Baker Hughes , Helmerich & Payne Helmerich & Payne (2)
Post-money valuation of
The funds will be used to support and accelerate GreenFire Energy’s pipeline of commercial opportunities across the globe and to further advance geothermal technology.
Series A
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GreenFire's GreenLoop Technology

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.

Wide Commercial Availability License of Usage
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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