GreenFire Energy Inc. has been chosen to join the prestigious Launch Alaska Portfolio, an initiative aimed at fostering innovation in clean technology. The selection comes as GreenFire Energy introduces its groundbreaking Advanced Geothermal System (AGS), known as GreenLoop, designed to revolutionize the utilization of geothermal energy.
Randy Balik, Co-Founder of GreenFire Energy Inc., expressed gratitude for the opportunity, stating, “GreenFire Energy greatly appreciates the opportunity to progress through the Launch Alaska cleantech accelerator program.”
Through its GreenLoop technology, GreenFire Energy offers a closed-loop system that promises resilient, sustainable, and scalable geothermal energy solutions tailored to meet the diverse needs of operators and energy-intensive industries.
Alaska, renowned for its abundant geothermal resources, particularly in volcanic regions and hot spring areas, stands to benefit significantly from innovations in geothermal energy. The state’s first geothermal power plant at Chena Hot Spring is just the beginning, with vast untapped potential awaiting development.
Isaac Vanderburg, CEO of Launch Alaska, emphasized the importance of affordable and reliable energy solutions for Alaska’s communities and economy, stating, “Affordable, reliable energy solutions are key to creating thriving communities and a prosperous Alaska economy.”
Launch Alaska, established in 2016, is dedicated to accelerating the deployment of climate-friendly technologies, offering support through accelerator programs and fostering partnerships to identify and execute projects.
