Jim Hollis, President and COO of Geothermal Technologies, Inc. (GTI) presented the company’s innovative approach to geothermal power production at a Darcy Partners member meeting today.
GTI was founded in 2018 based on technology developed at the Johns Hopkins University. Since that time, the company has been operating in “stealth mode” as it worked to further develop and advance its novel technologies.
“We have been waiting until we were comfortable that our Intellectual Property was properly secured before discussing our approach with the outside world”, says J. Gary McDaniel, CEO of GTI. “Jim’s invitation to present to Darcy Partners’ esteemed customers is our coming-out party”.
“The ‘stealth mode’ approach has been challenging as we have been anxious to move forward to commercialization”, says Jim Hollis. “However, it has proven to be worthwhile as we have been making great advances without a lot of distraction. We have been doing our homework and focusing on de-risking our approach. We believe that we are light-years ahead of our competition and are now drill-bit ready.”
Currently, GTI has 4 issued patents and 9 patents pending protecting its Intellectual Property. (Information updated January 2022).
About Geothermal Technologies, Inc.:
Geothermal Technologies (GTI) was founded in 2018 to commercialize technology that was developed at the Johns Hopkins University. GTI’s GenaSys™ Geothermal Energy Harvesting System revolutionizes how we harness renewable energy. GTI’s innovative technologies, when coupled with recently developed oil & gas and power generation technologies, enable the company to produce clean, renewable, low cost, baseload electricity, throughout the world, for decades to come.
About Darcy Partners:
Founded in 2015, Darcy Partners is a technology consulting firm set to change the way the oil & gas industry innovates. Darcy is trusted with the identification, validation, and introduction of critical technological solutions on behalf of the industry’s most influential operators. The Darcy team is comprised of investors, scientists, consultants, and upstream oil & gas operations veterans who have come together to act as a one-stop shop for innovation in oil & gas.
Darcy Partners mission is to accelerate the adoption of new technologies in the energy industry. They help client members find, evaluate, and select the innovative solutions that best meet their needs. Darcy members include a wide group of energy companies. In oil and gas, our members collectively represent over 60% of North America oil and gas production and over 35% of the global production.
