Quidnet Energy

Quidnet Energy

Houston, Texas, United States

Team size: 11 - 50

Sector: Energy

About Quidnet Energy

Founders: Howard Schmidt

Founded date: 2013

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.

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