VLOWY - Vallourec invests in Closed Loop Geothermal Company Greenfire Energy

Vallourec (OTCPK:VLOUF) announces investment in Closed Loop Geothermal Company GreenFire Energy, an American start-up developing Advanced Geothermal Systems based on its innovative technology called GreenFire’s GreenLoop. The deal was carried out as part of a "Series A" funding alongside other major investors, Baker Hughes and Helmerich & Payne. Since 2019 both companies have been working together on several successful Closed- Loop Geothermal demonstrators in various fields.  The investment to bolster the relationship between the two companies. Through this investment in GreenFire Energy,  Vallourec will be able to support GFE by designing and manufacturing bespoke solutions for their downhole heat exchanger.

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Vallourec invests in Closed Loop Geothermal Company Greenfire Energy