Open Loop Energy
Chase Fite is an accomplished financial executive with extensive experience in the energy sector. Since May 2021, Chase has served as Chief Financial Officer at Open Loop Energy, where strategic financial leadership is provided. Prior to this role, Chase worked as General Manager at Open Loop Energy Inc. from October 1995 to May 2021, overseeing operations and management. Chase holds a Bachelor of Science degree in Agricultural Business and Management from Arizona State University, with previous educational experience at the University of Arizona.
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Open Loop Energy
Open Loop Energy, Inc. was founded in the spring of 1992 as an Arizona corporation. It began operations in Safford, Arizona, a central location to serve the Southwestern mining and construction industries.The core business was centered on hydraulic component repair and reclamation. In its modest beginnings, there were three original shareholders and two employees.The building of 11,500 square feet, contained a complete machine shop, hydraulic rebuild shop, weld shop and corporate offices. Since then Open Loop Energy has grown in all areas of its business. The Safford, Arizona facility now has five shop buildings, and a chrome shop, with a total of 77,000 square feet and over 100 employees. In 1998, an additional facility was opened in Winnemucca, Nevada. With a shop of 11,000 square feet, and 20+ employees it serves the mining and construction companies in the NV, ID, and UT areas. Also, in 2013 a satellite shop was opened in Salt Lake City, UT. The company wide employment total now exceeds 120 people serving US, Canada, and South American customers. Over the years Open Loop Energy has earned a reputation for being innovative in its repairs and extending the life, safety, and usability of components. It has also worked with mining partners to develop leading edge solutions for maintenance, production, milling, and safety. Having technical expertise in design, troubleshooting, and manufacturing, distinguishes the company as far more than a repair shop.