Houston startup Quidnet Energy will deploy its pumped energy storage technology to develop a multigigawatt storage resource.
Quidnet Energy will work with emissions management corporation Emissions Reduction Alberta to develop the energy storage resource in Alberta, Canada, with funding from the government of Alberta, the firms announced June 17.
The $5 million in funding came from Emissions Reduction Alberta, or ERA, which uses revenues from the Canadian carbon price paid by large final emitters…
