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Wednesday, November 29, 2023

GreenFire gets US certificate to deploy technology supporting EDC

San Francisco-based GreenFire Energy Inc. received the International Trade Administration’s Export Achievement Certificate (EAC) for a U.S. Trade and Development Agency (USTDA)-funded geothermal project owned by Energy Development Corp.

The EAC was presented at an event organized by the U.S. Commercial Service (CS) at the sidelines of the Asia-Pacific Economic Cooperation Economic Leaders Week in San Francisco, California.

GreenFire Energy will adopt an implementation strategy and deploy its GreenLoop technology as part of a USTDA pilot project supporting EDC, the country’s largest renewable energy producer.

GreenFire Energy said it is committed to accelerating the generation of clean, continuous, reliable geothermal energy through GreenLoop closed-loop technology, a versatile Advanced Geothermal System (AGS).

“We thank U.S. Commercial, the U.S. Department of Commerce and USTDA for their support in enabling us to deploy GreenLoop in the Philippines and other countries worldwide. GreenLoop has the unique capability to leverage underutilized assets and scale-up geothermal power generation while ensuring the long-term sustainability of geothermal resources,” said GreenFire Energy chief executive Joseph Scherer.

USTDA previously extended a grant to EDC for the Amacan geothermal plant feasibility study.

The study will help EDC confirm geothermal resource availability and conduct initial technology and financial assessments to implement the Amacan geothermal project.

The USTDA helps companies create U.S. jobs by exporting U.S. goods and services for priority infrastructure projects in emerging economies. 

The ITA Export Achievement Certificate recognizes U.S. companies that have successfully entered new markets or expanded sales of new products into overseas markets.

“The U.S. Commercial Service was pleased in assisting GreenFire Energy with a key Philippine buyer, allowing the company to demonstrate the techno-economic process and feasibility of GreenFire Energy’s technology in steam and two-phase and other geothermal resources in the Philippines,” said CS Oakland director Rod Hirsch.

EDC owns the exclusive rights for geothermal power at the Amacan site on Mindanao’s eastern coast.

EDC has 1,181 MW of installed geothermal energy capacity in the Philippines.

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