Quidnet Energy
Houston, Texas, United States
Team size: 11 - 50
Sector: Energy
About Quidnet Energy
Company revenue: US$ 10 - 50 million
Investors: ARPA-E, Breakthrough Energy Ventures, Clean Energy Venture Group, NYSERDA, Trafigura
Company stage: Other
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.