Provider of pumped hydro based energy storage system. It is developing a grid scale energy storage system by pumping in water in depleted oil wells. The water injection is done under high pressure to pressurize the stone bed which in turn later would be released to run turbines by ejecting the water from the well. As the rock is compressed, the energy is stored. Opening the well allows the pressurized water to be released to spin a turbine to create energy. Founded in 2015, headquartered in Hous Founded in 2015, headquartered in Houston, United States, the company has raised $29M in Series C funding. The company operates in the Energy Tech sector. Its business model encompasses Renewable Energy Tech.
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Quidnet Energy
Series CProvider of pumped hydro based energy storage system. It is developing a grid scale energy storage system by pumping in water in depleted oil wells. The water injection is done under high pressure to pressurize the stone bed which in turn later would be released to run turbines by ejecting the water from the well. As the rock is compressed, the energy is stored. Opening the well allows the pressurized water to be…
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Business model
Renewable Energy Tech > Horizontal > Energy Storage > Pumped Hydro,
Energy Storage Tech > Energy Storage System > Pumped Hydroelectric
Institutional investors
Prime CoalitionClean Energy Venture GroupSorenson Impact FoundationARPA-EEvok InnovationsTrafiguraGrantham FoundationBreakthrough EnergyHunt Energy NetworkOSTINXT VenturesMitsui Sumitomo Insurance Venture CapitalClean Energy VenturesProspect Innovation
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