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Quidnet Energy Funding & Investors

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.com

Total Amount Raised: $31,334,946

Quidnet Energy Funding Rounds

  • Grant

    $10,000,000

    Grant Investors

    Advanced Research Projects Agency - Energy (ARPA-E)
  • Series B

    $10,000,000

    Series B Investors

    Jeremy and Hannelore Grantham Environmental Trust
    Breakthrough Energy Ventures
    Trafigura
    Evok Innovations
    NYSERDA
  • Grant

    $3,298,786

    Grant Investors

    ARPA - E US Department of Energy
  • Series Unknown

    $8,036,160

    Series Unknown Investors

    NXT Ventures
Funding info provided by Diffbot.