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Bill Gates leads $10M investment in Quidnet’s long-duration geomechanical pumped storage – pv magazine USA

The year of living durationally — the holy grail of energy storage has always been low-cost and long-duration. Venture investors have started putting their money into novel, extended-duration storage technologies.

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Quidnet Energy, a startup developing a long-duration energy storage technology, just closed on a $10 million series B financing round. Additionally, the firm announced a contract with the New York St…

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