Quidnet Energy
Latest round
- Series B
Last raised
- May 2020
Total raised
- $11M
Investors
- 6
About Quidnet Energy
Based in the US, Quidnet Energy Inc.Quidnet Energy Inc. operates in Houston, US, focusing on Geomechanical Energy Storage (GES) technology. Founded in 2013 by Aaron Mandell and Howard Schmidt, the company has completed 7 deals to date.00 mn from Hunt Energy, LLC.Quidnet Energy specializes in Geomechanical Energy Storage (GES), a modular long-duration energy storage technology designed to store excess electricity using underground water reservoirs. This system pumps water from a surface pond into a well, where it is held under pressure. When energy is required, the pressurized water is released to flow through a turbine, generating electricity before returning to the pond for subsequent cycles.Quidnet Energy's revenue model relies on partnerships and project collaborations with utility companies, such as CPS Energy, for large-scale installations of their Geomechanical Pumped Storage (GPS) systems.In May 2024, Quidnet Energy Inc. The company's growth strategy includes expanding its market presence and enhancing reliability in energy systems to support the state's energy transition.
Who invested in Quidnet Energy
6 investors across 2 rounds
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Questions about Quidnet Energy
Who invested in Quidnet Energy?
Quidnet Energy has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Quidnet Energy raised?
Quidnet Energy has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Quidnet Energy last raise money?
Quidnet Energy's most recent round on record is a Series B, in May 2020.
What does Quidnet Energy do?
Based in the US, Quidnet Energy Inc.
Where is Quidnet Energy headquartered?
Quidnet Energy is headquartered in Houston, US.
Which VCs invest in companies like Quidnet Energy?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back energy storage & batteries companies at Quidnet Energy's stage. Their profiles are linked below.
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