The initial focus to deploy GreenFire Energy’s Advanced Geothermal Systems will be on Japan and Indonesia— and future collaboration opportunities in North America.
The partnership combines GreenFire Energy’s patented closed-loop and advanced geothermal systems, which enable operators to tap heat and reinvigorate wells that conventional methods leave behind. GreenFire Energy will provide its subsurface modeling, technology deployment, and retrofit execution, while TOYO layers on its engineering, procurement, construction, and digital-optimization services to deliver a turnkey geothermal solution to premium, baseload megawatts.
“This partnership marks a leap forward for premium, baseload geothermal power in Asia,” said Rob Klenner, President of GreenFire Energy. “Our closed-loop technology has demonstrated its ability to help improve recovery in existing assets; partnering with TOYO scales and streamlines field deployment. Together we can turn under-performing geothermal assets into high-value generation hubs that raise capacity, lower risk, and accelerate speed-to-power for operators across the region.”
Japan and Indonesia, rich in geothermal resources, have many existing geothermal fields that could benefit from new technology. GreenFire Energy and TOYO will work together with our customers to revitalize these sites, unlocking more value from existing assets and expanding the region’s access to reliable, low-carbon power.
The partnership offers a comprehensive solution package for revitalizing underperforming geothermal assets in Asia Pacific, a region that holds the majority of the world’s geothermal production. In the United States, where GreenFire Energy originates and owns its geothermal projects, the companies will also explore opportunities for TOYO to provide engineering services and project delivery support. Together, GreenFire Energy and TOYO will identify candidate sites, conduct joint feasibility studies, and deliver AGS retrofit projects that extend the life of existing infrastructure and expand access to low-carbon, resilient power across the region.
About GreenFire Energy
GreenFire Energy is a next-generation geothermal developer matching technology to geology to bring scalable, baseload power to market. GreenFire Energy delivers demand-driven solutions for industries such as data centers, defense, and manufacturing by developing premium, co-located power solutions and transforming underutilized geothermal fields into productive energy assets. Leveraging advanced heat recovery techniques and proven oil and gas technologies, the company develops geothermal projects that reduce risk, maximize efficiency, and accelerate time to revenue. With a growing portfolio of patents and strategic partnerships, GreenFire Energy is accelerating the role of geothermal energy in the growing portfolio of energy sources to fuel our futures. The company is on a mission to develop 150 MWe of geothermal capacity by 2030. Learn more: www.greenfireenergy.com
About Toyo Engineering
Toyo Engineering Corporation has been at the forefront of engineering innovation since 1961. As a global engineering and project solutions partner, TOYO offers advanced technological solutions across a range of industries, from oil and gas to renewable energy and petrochemicals in over 60 countries. By leveraging its cutting-edge expertise and commitment to excellence, TOYO helps businesses worldwide achieve operational efficiency and sustainable development. With a mission of “Engineering for Sustainable Growth of the Global Community” Toyo is committed to driving progress and delivering solutions that benefit industries and communities alike. Learn more at https://www.toyo-eng.com/jp/en/.
Contacts
GreenFire Energy Media Contact
Diana Kaul, Director of Communications
diana.kaul@greenfireenergy.com
Toyo Engineering Media Contact