Quidnet

Texas-based CPS Energy, the largest municipally owned electric and natural gas company in the U.S., has entered into a 15-year commercial agreement to explore installing up to 15 MW of geomechanical pumped storage (GPS). The agreement will kick off with a pioneering 1-MW project that will pump water into drilled wells and store it under […]

HOUSTON, June 23, 2020 — Quidnet Energy today announced the closing of its $10 million Series B financing and the execution of a contract with the New York State Energy Development Authority (NYSERDA) for commercial demonstration of its Geomechanical Pumped Storage (GPS) technology. Existing investors Breakthrough Energy Ventures and Evok Innovations participated in the round, […]