Russel Gold, in Texas Monthly, writes on how fracking technology is powering a clean energy shift.
- Startups in Texas are using the state’s immense fracking technology and know-how to harness clean energy.
- One company, Quidnet, is using fracking methods to create clean geothermal energy by pumping water 1,200 feet underground, leaving it underground, and releasing it months later to generate clean electricity.
- Quidnet and other innovative startups are proving that the private sector is best equipped to lead the way to a clean energy future.
“Quidnet is refining its business plan and talking with utilities, energy traders, and others about commercializing its technology. Last year, it raised $20 million from investors, including the Geneva-based global commodity trading firm Trafigura, which is expanding into trading megawatts alongside oil barrels.”
Read the full article here.