Quidnet Energy Funding & Investors
Houston, TX
Quidnet Energy is a technology-driven energy company that powers the carbon-free electric grid. Its technology is a form of hydroelectric energy storage using time-tested well-drilling and construction technologies to pump water under pressure into subsurface geological reservoirs to store energy. When variable renewable energy is not available, this water is released to drive hydroelectric turbines to power the electric grid. The company was founded in 2013 and is based in Houston with offices in San Francisco and Saratoga Springs, New York.
quidnetenergy.comTotal Amount Raised: $31,334,946
Quidnet Energy Funding Rounds
Grant
$10,000,000
Grant Investors
ARPA-ESeries B
$10,000,000
Series B Investors
Jeremy and Hannelore Grantham Environmental TrustBreakthrough EnergyTrafiguraEvok InnovationsNYSERDAGrant
$3,298,786
Grant Investors
ARPA - E US Department of EnergySeries Unknown
$8,036,160
Series Unknown Investors
NXT Ventures
Funding info provided by Diffbot.