{"id":36219,"date":"2021-05-17T12:35:27","date_gmt":"2021-05-17T16:35:27","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=36219"},"modified":"2021-05-17T13:04:50","modified_gmt":"2021-05-17T17:04:50","slug":"company-with-local-offices-achieves-two-milestones-with-energy-agency-business","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/05\/company-with-local-offices-achieves-two-milestones-with-energy-agency-business\/","title":{"rendered":"Company With Local Offices Achieves Two Milestones With Energy Agency, Business"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Quidnet Energy, which has an office in Saratoga Springs, has achieved two key milestones in its projects with the U.S. Department of Energy\u2019s Water Power Technology Office (WPTO) and Advanced Research Projects Agency\u2013Energy (ARPA-E), to commercialize the company\u2019s geomechanical pumped storage (GPS) technology.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Quidnet partnered with the WPTO through its HydroWIRES Initiative to develop an innovative reversible injector-generator that will enable deployment of modular hydropower conversion in high-pressure pumped hydro applications such as for Quidnet\u2019s GPS technology. The milestone was achieved by the completion of system-level design and engineering as well as testing of key operating components in an industrial machining facility in New York state, officials said.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Quidnet pumps water underground and stores it in-between layers of rock. The natural elasticity of the rock performs like a spring and holds the water under pressure until it is needed, at which time it is released through a hydroelectric turbine to produce electricity to send back to the grid.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Quidnet is working with ARPA-E through their Duration Addition to electricitY Storage (DAYS) program to develop the GPS resource in key power markets across the U.S. by planning and executing exploratory wells to characterize, evaluate, and validate this geologic resource.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><!--more-->Officials said the milestone is marked by the completion of project development of the exploration well sites\u2014including sites that reuse inactive O&amp;G wells\u2014and achieving resource performance targets during exploration well hydraulic testing. Analogous work was performed by DOE in the early 2000s to similarly characterize North American wind resources.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cWPTO and ARPA-E have been vital partners in the development of our long duration energy storage technology,\u201d said Joe Zhou, Quidnet CEO. \u201cThese leading energy technology organizations have brought valuable resources and oversight to the development process, helping steward our technology toward commercialization. Their experience, guidance and partnership are very much appreciated.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cLong duration storage technologies such as Quidnet\u2019s can play a crucial role in advancing our transition to a zero-carbon electric grid,\u201d said Jenn Garson, WPTO acting outreach, engagement and analysis manager. \u201cBased on the strong results we have seen to date, we are optimistic about Quidnet\u2019s contribution to our energy future.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cQuidnet Energy, as well as the rest of ARPA-E\u2019s DAYS teams, are working to develop innovative long-duration energy storage systems and create new technologies to increase grid resilience and performance,\u201d said ARPA-E DAYS program director Dr. Scott Litzelman. \u201cWe look forward to continuing to work closely with Quidnet as they continue to design energy storage solutions of the future.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Quidnet\u2019s technology operates in a closed loop configuration, powered by excess grid electricity. Because most of the process is subsurface, projects have a relatively small footprint (well head, pump\/generator building, and holding pond), allowing farmers and landowners to generate significant new lease revenue with minor impact.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Quidnet utilizes much of the same subsurface knowledge, workforce, and supply chains as the oil and gas industry, making it a seamless opportunity to re-channel thousands of displaced workers\u2014and the supply chains they operate&#8211;toward accelerating a clean energy future. Early resource investigations project sufficient North American geologic resources to provide multiple times the long duration energy storage needed by the grid. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quidnet Energy, which has an office in Saratoga Springs, has achieved two key milestones in its projects with the U.S. Department of Energy\u2019s Water Power Technology Office (WPTO) and Advanced Research Projects Agency\u2013Energy (ARPA-E), to commercialize the company\u2019s geomechanical pumped storage (GPS) technology. Quidnet partnered with the WPTO through its HydroWIRES Initiative to develop an [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36219","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Company With Local Offices Achieves Two Milestones With Energy Agency, Business - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2021\/05\/company-with-local-offices-achieves-two-milestones-with-energy-agency-business\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Company With Local Offices Achieves Two Milestones With Energy Agency, Business - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Quidnet Energy, which has an office in Saratoga Springs, has achieved two key milestones in its projects with the U.S. Department of Energy\u2019s Water Power Technology Office (WPTO) and Advanced Research Projects Agency\u2013Energy (ARPA-E), to commercialize the company\u2019s geomechanical pumped storage (GPS) technology. 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