Quidnet Energy

United States
Awendaw, South Carolina, United States

Company profile

Quidnet Energy company profile

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.

Business identity

Operating status
Active
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0-$1M
Founded
2013-01-01, Year

Headquarters

Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
7
Total equity funding
$18M
Last funding
Grant / $10M / 2022-11-22
Last equity funding
Series B / $10M
Investors
10
Lead investors
3
Founders
2
Articles
28

Founders and investors

Founders

Aaron MandellHoward Schmidt

Lead investors

ARPA-EARPA - E US Department of EnergyPRIME Coalition

Investors

Breakthrough Energy VenturesClean Energy Venture GroupEvok InnovationsNYSERDATrafigura