Quidnet bags 15-year deal with Texas utility for ‘geomechanical pumped storage’ solution

Quidnet Energy, a provider of a novel geomechanical pumped storage (GPS) technology, has struck a 15-year commercial agreement with Texas utility CPS Energy to supply an initial 10MWh system. It has received investment by Bill Gates’ Breakthrough Energy Ventures, Evok Innovations, Trafigura and others, funding from the Department of Energy, and is a founding member of the Long Duration Energy Storage Council.

This article was originally published by Energy Storage News on the 8 March 2022.

Read the full article: https://www.energy-storage.news/quidnet-bags-15-year-deal-with-texas-utility-for-geomechanical-pumped-storage-solution/

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