Texas to Host 300 Mw Of Geomechanical Energy Storage Projects
Quidnet Energy, a provider of geomechanical energy storage (GES) technology, has joined hands with distributed energy
PV Magazine International 1:08 pm on June 3, 2024
Texas is set to host 300 MW of geomechanical energy storage projects, with Quidnet Energies GES technology and Hunt Energy Network's collaboration. This initiative addresses ERCOT's urgent need for energy storage solutions.
- Partnership Formation: Texas-based companies Quidnet Energy and Hunt Energy Network form a strategic alliance.
- Technology Involved: Utilizes Quidnet's GES technology, employing subterranean reservoirs for storage.
- Scale of Projects: Aiming to deploy 300 MW worth of energy storage projects in ERCOT region.
- Investment and Funding: Hunt Energy Network invests $10 million, marking a major deal for Quidnet's expansion.
- Impact on Grid Reliance: Targeted to aid ERCOT's energy storage requirements, fostering grid reliability and resilience.
https://www.pv-magazine.com/2024/06/03/texas-to-host-300-mw-of-geomechanical-energy-storage-projects/