November 22, 2022
ARPA-E has selected Quidnet Energy to receive $10M as part of the agency’s SCALEUP program! The funding will support continued work on our Geomechanical Pumped Storage project with CPS Energy.
Quidnet was one of just 8 companies awarded the ARPA-E funding and will use the funds to scale its Geomechanical Pumped Storage (GPS) to a commercial system at CPS Energy, the largest U.S. municipal utility. GPS uses the earth as a mechanical battery by storing energy as pressurized water between layers of rock.