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Quidnet Energy
AddedFeb 17, 2024
UpdatedJun 18, 2026
Quidnet Energy

Quidnet Energy

Series A

Quidnet Energy: Innovating carbon-free electric grid through hydroelectric energy storage solutions.

HQ
Houston, TX, US
Founded
2013
Overview
Compare
Fundraising
Employees
Website

Quidnet Energy, founded with the mission to innovate the carbon-free electric grid, focuses on providing advanced hydroelectric energy storage solutions. The company's core technology involves using well-drilling and construction techniques to pump water under pressure into subsurface geological reservoirs, effectively storing energy. Quidnet Energy aims to facilitate the large-scale deployment of renewable energy by enabling predictable power delivery from intermittent sources, thus supporting a zero-carbon power grid.

Notable affiliations include partnerships with leading energy companies and investments from prominent venture capital firms specializing in clean technology. Quidnet Energy has achieved significant milestones, including the successful implementation of its modular geomechanical energy storage systems in various pilot projects. The company's impact is evident in its contribution to the advancement of renewable energy storage technologies, positioning it as a key player in the transition towards a sustainable and carbon-free energy future.

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Quidnet Energy - Quick Facts

Who are Quidnet Energy's competitors?

Companies similar to Quidnet Energy include Fervo Energy, Qnetic, Dragon Q Energy and EnergyRe.

When was Quidnet Energy founded?

Quidnet Energy was founded in 2013.

Where is Quidnet Energy's headquarters located?

Quidnet Energy's headquarters is located in Houston, TX, US.

When was Quidnet Energy's last funding round?

Quidnet Energy's most recent funding round was for $10M (USD) in November 2022.

How much has Quidnet Energy raised to-date?

As of Nov 22, 2022, Quidnet Energy has raised a total of $31.3M (USD).

How many employees does Quidnet Energy have?

Quidnet Energy has 20 employees as of Feb 5, 2024.

Quidnet Energy - Classification

Ownership
  • Equity
  • Venture Capital
Technology
  • Cleantech
Geographic Exposure
  • Global
Revenue
  • Recurring
Customer
  • Enterprise
  • Government
Main Product
  • Energy Storage
Tags
  • SaaS
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221114Solar Electric Power Generation
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
Show 3 more industry codes
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services