– GreenFire Energy Inc. and Stoic Transitional Resources Inc. collaborate on innovative geothermal energy solutions
– Stoic’s Flux Crossover technology will enhance the performance of GreenFire Energy’s GreenLoop system
– GreenLoop technology offers versatile and scalable geothermal solutions for a variety of applications, with a focus on repurposing non-productive wells for energy production.
GreenFire Energy Inc. and Stoic Transitional Resources Inc. have partnered to develop innovative geothermal energy solutions by repurposing non-productive geothermal wells and existing oil and gas wells. Stoic’s Flux Crossover technology will enhance GreenFire Energy’s GreenLoop system to supply energy to various industries. The collaboration includes GreenFire taking an equity position and a Board of Directors seat at Stoic, with a focus on projects in Alberta, British Columbia, and New Zealand.
GreenFire Energy specializes in advanced geothermal systems with their GreenLoop technology, providing resilient and scalable geothermal energy solutions for different applications. Stoic Transitional Resources brings its expertise in Flux Crossover technology to optimize the performance of GreenLoop, aiming to double heat transfer efficiency. The partnership aims to broaden the implementation of geothermal energy solutions and create sustainable partnerships to empower communities.
Both companies are committed to innovation and sustainability in the energy industry. The collaboration between GreenFire Energy and Stoic Transitional Resources will enhance the performance and capabilities of existing geothermal resources, offering stable and predictable energy solutions for a variety of industries. To stay updated on news and technical developments in the renewable energy industry, readers can access the latest issue of Energy Global magazine.