Company

Quidnet Energy Inc.

Quidnet Energy Inc. develops Geomechanical Energy Storage that stores surplus electricity in underground water reservoirs.

About

Quidnet Energy Inc., founded in 2013 by Aaron Mandell and Howard Schmidt, is based in Houston, US, and develops Geomechanical Energy Storage. The system pumps water into pressurized underground wells and releases it through turbines to generate power, providing firm power for utilities and energy providers. In May 2024 it raised USD 10.00 mn from Hunt Energy, LLC to implement 300 MW of storage in Texas. The company has completed 7 deals to date.

3Funding rounds

4Investors

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