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Fracking Has a Bad Rep, but Its Tech Is Powering a Clean Energy Shift

Fracking Has a Bad Rep, but Its Tech Is Powering a Clean Energy Shift

Russel Gold, in Texas Monthly, writes on how fracking technology is powering a clean energy shift.

The C3 Take
  • 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.

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