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Quidnet Achieves Major Milestones in US Department of Energy Contracts
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HOUSTON, April 20, 2021 /PRNewswire/
Quidnet Energy (Quidnet) today announced it has achieved two key milestones in its projects with the
US Department of Energy s Water Power Technology Office (WPTO) and
Advanced Research Projects Agency–Energy (ARPA-E), to commercialize the company s Geomechanical Pumped Storage (GPS) technology.
Quidnet pumps water underground and stores it in-between layers of rock. The natural elasticity of the rock performs like a spring and holds the water under pressure until it is needed, at which time it is released through a hydroelectric turbine to produce electricity to send back to the grid.