Quidnet & CPS Energy Announce Agreement to Build Utility-Scale Energy Storage Project in Texas
March 7, 2022
CPS Energy and Quidnet Energy today announced a 15-year commercial agreement for an energy storage project employing Quidnet’s Geomechanical Pumped Storage (GPS) technology.
This project will support CPS Energy’s ‘Flexible Path’ Resource Plan to reduce net emissions by 80 percent by 2040. Energy storage is a key part of that plan, with long-duration systems like Quidnet’s GPS expected to play an increasingly critical role. The project will be developed in two phases, starting with an initial one-megawatt (MW), 10-hour storage facility. CPS Energy has partnered with Quidnet under a 15-year agreement that will allow time for both parties to explore this type of technology.