Quidnet Energy receives $10 million to commercialize pumped storage technology

By Hydro Review Quidnet Energy has been selected to receive $10 million in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E).

The funding is part of the ARPA-E Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program, which provides further funding to previous ARPA-E teams that have been determined to be feasible for widespread deployment and commercialization domestically. SCALEUP selectees demonstrate a viable path to commercial deployment and the ability to attract private sector investments.

Quidnet Energy was launched to build energy technology to accelerate the energy transition. Quidnet Energy’s Geomechanical Pumped Storage (GPS) technology uses existing natural

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