GreenFire Energy Inc., a leading provider of geothermal energy solutions, has recently been honored with the prestigious Export Achievement Certificate (EAC) by the International Trade Administration (ITA). The certificate, presented at a special event organized by the U.S. Commercial Service (CS), acknowledges GreenFire Energy’s successful participation in a geothermal project in the Philippines, made possible through funding from the U.S. Trade and Development Agency (USTDA).
The ITA Export Achievement Certificate serves as recognition for American companies that have made significant inroads into new international markets or successfully expanded their sales of innovative products overseas. In collaboration with the CS, GreenFire Energy will now focus on developing an implementation strategy to deploy its advanced GreenLoop technology as part of the USTDA pilot project. This initiative will support the Energy Development Corporation, the largest renewable energy producer in the Philippines.
As Rod Hirsch, Director of the CS Oakland Office, explained, “By connecting GreenFire Energy with a key buyer in the Philippines, the U.S. Commercial Service played a crucial role in validating the practicality and economic viability of GreenFire Energy’s technology for harnessing geothermal resources, particularly in steam and two-phase applications.”
Joseph Scherer, CEO of GreenFire Energy, expressed his gratitude for the Export Achievement Certificate and acknowledged the support received from USTDA, the U.S. Commercial Service, and the U.S. Department of Commerce. Scherer highlighted the unique capabilities of GreenLoop technology, which optimizes underutilized geothermal assets and enables the expansion of geothermal power generation while ensuring the long-term sustainability of these resources.
With this recognition, GreenFire Energy solidifies its position as an industry leader and trailblazer in geothermal energy solutions. The company’s innovative approach promises to revolutionize the global renewable energy sector, offering a more sustainable and reliable source of power.
Frequently Asked Questions (FAQ)
What is the Export Achievement Certificate (EAC)?
The Export Achievement Certificate is an award granted by the International Trade Administration (ITA) to U.S. companies that have successfully entered new markets or expanded their sales of innovative products in overseas markets.
What is the U.S. Trade and Development Agency (USTDA)?
The U.S. Trade and Development Agency is a federal government agency that promotes U.S. exports in developing and middle-income countries by funding various infrastructure projects.
What is GreenLoop technology?
GreenLoop technology, developed by GreenFire Energy, is an advanced solution for harnessing geothermal resources. It allows for the more efficient generation of geothermal power while ensuring the long-term sustainability of these resources.
– International Trade Administration (ITA) – https://www.trade.gov/
– U.S. Trade and Development Agency (USTDA) – https://www.ustda.gov/
– GreenFire Energy Inc. – https://www.greenfireenergy.com/