# Baker Hughes invests in geothermal technology firm GreenFire Energy

Baker Hughes announced an investment in San Francisco-based GreenFire Energy, leading its Series A financing, and will take a board seat while the companies collaborate on retrofitting wells for geothermal power.

- Type: Investment
- Announced: 2022-03-01
- Where: United States
- Status: announced
- Products: closed-loop Advanced Geothermal Systems, GreenLoop geothermal technology
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Baker Hughes](https://endata.com/companies/1895.md) (investor)
- [GreenFire Energy](https://endata.com/companies/8971.md) (target)

## Sources

- [bakerhughes.com](https://www.bakerhughes.com/company/news/baker-hughes-announces-investment-geothermal-technology-company-greenfire-energy), 2022-03-01: "Baker Hughes has announced an investment in San Francisco-based GreenFire Energy Inc., an innovator in closed-loop geothermal technology."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.