{"id":18459,"date":"2024-04-26T03:05:19","date_gmt":"2024-04-26T03:05:19","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/greenfire-stoic-to-combine-technologies-for-improved-closed-loop-geothermal\/"},"modified":"2024-04-26T03:05:19","modified_gmt":"2024-04-26T03:05:19","slug":"greenfire-stoic-to-combine-technologies-for-improved-closed-loop-geothermal","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/greenfire-stoic-to-combine-technologies-for-improved-closed-loop-geothermal\/","title":{"rendered":"GreenFire, Stoic to combine technologies for improved closed-loop geothermal"},"content":{"rendered":"
\n

GreenFire Energy Inc.<\/a> and Stoic Transitional Resources Inc.<\/a> have announced a collaboration that will see the combination fo the company\u2019s respective technologies for the repurposing of non-productive geothermal wells and oil and gas wells for geothermal energy utilization.<\/p>\n

The partnership involves a cross-license agreement that includes patented GreenFire\u2019s GreenLoop\u00ae (\u201cGreenLoop\u201d) and Stoic\u2019s patent-pending Flux Crossover technology. The Stoic technology aims to enhance the performance of GreenLoop. The intent is to supply energy to data centers, large-scale power consumers, industrial heat users, and sustainable agriculture operations through repurposed geothermal and oil and gas wells.<\/p>\n

As part of the collaboration, GreenFire Energy has taken an equity position and a Board of Directors seat at Stoic. With
\na primary focus on Alberta and British Columbia in Canada, Stoic is also leading the charge in the repurposing of wells and the development of geothermal projects in New Zealand. The two companies had already previously announced a partnership<\/a> to jointly develop geothermal projects in New Zealand and Western Canada.<\/p>\n

Sharing of technology<\/strong><\/h4>\n

GreenFire Energy has developed a versatile, closed-loop advanced geothermal system (AGS) called GreenLoop. 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.<\/p>\n

Stoic Transitional Resources Inc. brings its Flux Crossover technology and geothermal expertise to the partnership. Flux Crossover can be combined with the GreenLoop technology to enhance performance by optimizing flow patterns, minimizing parasitic heat loss, and doubling heat transfer efficiency. Stoic will also provide access to vital geothermal resources in Canada and New Zealand.<\/p>\n

\u201cOur commitment extends beyond innovation to fostering sustainable partnerships and empowering communities. Stoic\u2019s pioneering approach to clean energy aligns perfectly with our mission,\u201d<\/em> said Joe Tarrant, Co-Founder and Chief Commercial Officer of Stoic, \u201cemphasizing the value proposition for data center customers.\u201d<\/em><\/p>\n

\u201cWe are pleased to be collaborating with Stoic Transitional Resources. GreenFire Energy\u2019s technology has the capability to economically repurpose idle geothermal wells and expand implementations in geothermal fields. Collaborating with Stoic\u2019s technology will enhance performance and broaden GreenFire Energy\u2019s solutions,\u201d<\/em> said Steven Brown, President, GreenFire Energy Inc.<\/p>\n

Source: Email correspondence<\/p>\n

The post GreenFire, Stoic to combine technologies for improved closed-loop geothermal<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

Through a partnership that combines their technologies, GreenFire and Stoic seek to enhance the performance of closed-loop geothermal.<\/p>\n

The post GreenFire, Stoic to combine technologies for improved closed-loop geothermal<\/a> first appeared on ThinkGeoEnergy – Geothermal Energy News<\/a>.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[15426,10481,4467,168,14670,14669,15429,3587,17537,7690,7490],"class_list":["post-18459","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-closed-loop","tag-combine","tag-energy","tag-for","tag-geo","tag-geothermal","tag-greenfire","tag-improved","tag-stoic","tag-technologies","tag-think"],"yoast_head":"\nGreenFire, Stoic to combine technologies for improved closed-loop geothermal - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/greenfire-stoic-to-combine-technologies-for-improved-closed-loop-geothermal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GreenFire, Stoic to combine technologies for improved closed-loop geothermal - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"Through a partnership that combines their technologies, GreenFire and Stoic seek to enhance the performance of closed-loop geothermal. 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