GreenFire Energy has developed a versatile, closed-loop Advanced Geothermal System (AGS) called GreenLoop. The company's geothermal team delivers GreenLoop solutions that assure the availability of resilient, sustainable, and scalable geothermal energy for a wide range of applications.
The versatility of GreenLoop technology enables the creation of tailored solutions for geothermal operators and energy-intensive companies. GreenLoop solutions offer a stable and predictable cost of energy while providing a variable mix of power and direct use heating and cooling.
"GreenFire Energy greatly appreciates the opportunity to progress through the Launch Alaska cleantech accelerator program," said Randy Balik, Co-Founder, GreenFire Energy Inc.
GreenFire Energy completed the eight-month Tech Deployment Track program and built relationships with Alaska partners on potential projects in the state. The Launch Alaska Portfolio includes companies that are deploying climate-friendly energy, industry, and transportation technologies in Alaska and beyond. There are now 41 portfolio companies based in Alaska, across the U.S., and around the world.
Sitting on the Pacific "Ring of Fire," Alaska is rich with geothermal resources, particularly in the southern volcanic regions as well as other regional hot spring areas. Alaska's first geothermal power plant at Chena Hot Spring generates 730 kW, but much of Alaska's accessible geothermal resources have not yet been developed. Given Alaska's unique energy market, there is great interest in further development for both localized direct-use and electrical power generation.
Founded in 2016, Launch Alaska is focused on accelerating climate tech deployment to decarbonize systems of energy, transportation, and industry. The non-profit offers a Tech Deployment Track, a Deployment Team, and policy and advocacy effort. The Tech Deployment Track is an eight-month accelerator program to help companies forge partnerships to identify projects. Successful companies are then invited to join the Launch Alaska Portfolio where they receive continued support and connections to project opportunities in Alaska.
"Affordable, reliable energy solutions are key to creating thriving communities and a prosperous Alaska economy," said Isaac Vanderburg, Launch Alaska CEO. "We look forward to supporting GreenFire Energy's work in Alaska, and we're excited to see how GreenLoop technology can benefit Alaskans around the state."
