The world first centrifuge pumping system will be built by an engineering firm at a cost of $30 million.
The company will be based in Houston and the project is expected to take about three years.
The company, called Coggin, has been developing centrifugal pumps to help with power generation in large power plants, like those that pump electricity from coal plants to homes.
Cogbin has partnered with an aerospace company to build a prototype that it hopes will become commercially available in 2020.
The pump was built to pump water up to 2.5 meters (7 feet) deep into a pipe at a rate of 1.3 millimeters per second (mmps) or about a quarter of a cubic meter per minute.
It is similar to a small pump used in the construction of a hospital’s ventilators.
Coggin’s team has designed the pump with an innovative design that allows the pump to use up to 20 percent less energy than conventional pumps.
The pump can operate up to 50 times more efficiently than conventional pump systems.
“The centrifugal-pump design enables an innovative new technology, which is a significant step forward in the advancement of our technology,” Cogin founder David S. Miller told Fox News.
Miller said the company expects to use the pump in the next generation of large-scale energy generation, like large-capacity nuclear plants, which need to pump energy into the ground.
The U.S. is in the midst of building a new coal-fired power plant in southern Illinois.
A new project to build nuclear power plants in the Midwest and Northeast is also under consideration.