From pv journal ESS News website
Houston-based long-duration vitality storage developer Quidnet Energy has introduced a significant deal that can see a whole lot of megawatts of its modern expertise deployed in Texas to assist meet ERCOT’s pressing want for vitality storage.
The firm introduced a strategic partnership with a $10 million funding from Hunt Energy Network (HEN), a distributed vitality sources with expertise in underground growth.
The two Texas-based firms will collaborate on a build-transfer program for 300 MW of tasks utilizing Quidnet Energy’s GES expertise, which depends on well-sealed underground reservoirs for vitality storage .
The partnership will pair Quidnet’s answer with each HEN’s underground expertise and its capabilities to develop vitality storage tasks, the businesses stated in a launch.
“Quidnet Energy’s GES expertise presents a novel alternative to rework vitality storage, and we’re excited to put money into an answer supposed to rework current sources to develop -access to long-term storage,” stated Pat Wood, III, Chief Executive Officer for Hunt Energy Network.
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