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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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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