GreenFire Energy Inc. to present on closed-loop geothermal systems GRC Annual Meeting
GreenFire Energy Inc. and the Geothermal Resources Council (GRC) today announced that GreenFire Energy is releasing its research paper, New Opportunities and Applications for Closed-Loop Geothermal Energy Systems, as part of the GRC 2020 Virtual Annual Meeting & Expo, October 18-23, 2020.
The GRC 2020 Virtual Annual Meeting & Expo will take place on October 18-23, 2020 in an online and on-demand format that will bring together professionals from across the geothermal community, including industry, academia, non-governmental organizations (NGOs) and government institutions. For the first time, the conference will have a session on Reservoir Closed-Loop & Energy Transfer System (TSFA1) with Joseph Scherer, CEO, GreenFire Energy as one of the speakers on October 23rd.
In GreenFire Energy’s new research paper, closed-loop geothermal energy systems are defined as commercial-scale installations that provide geothermal heat for power generation, energy storage, or industrial applications. Closed-loop uses an enclosed down-hole heat exchanger (DHX) that functions like a sealed pipe recycling a working fluid. The paper describes how closed-loop geothermal expands the range of clean geothermal power generation to access significant, but previously inaccessible geothermal resources. Retrofits of unproductive geothermal and oil and gas wells are now possible. Closed-loop geothermal can also provide continuous renewable electric power and precise flows of heat at high pressure to increase the efficiency and reduce the costs of high-value industrial applications, including hydrogen production and lithium extraction.
“Innovative closed-loop geothermal energy systems are important to expand geothermal projects worldwide. We are pleased that GreenFire Energy’s research paper is being released in conjunction with the GRC 2020 Virtual Annual Meeting & Expo,” said Will Pettitt, executive director, Geothermal Resources Council.
“Closed-loop geothermal energy systems enable scale, reduce the time-to-revenue, and reduce costs and risks in geothermal projects. We are seeing a large interest from companies in the diversified energy, oil and gas, and geothermal industries who want to take advantage of this technology,” said Joseph Scherer, chief executive officer, GreenFire Energy Inc.
GreenFire Energy’s Research Paper, New Opportunities and Applications for Closed-LoopGeothermal Energy Systems: https://www.greenfireenergy.com/research/
The GRC Annual Meeting & Expo information and registration: https://grc2020.mygeoenergynow.org
Source: release by email