About Quidnet Energy
Quidnet Energy is a company based in Houston (United States) founded in 2015.. Quidnet Energy has raised $29.04 million across 6 funding rounds from investors including Trafigura, Hunt Energy Network and ARPA-E. Quidnet Energy offers products and services including Geomechanical Energy Storage and Standard Module. Quidnet Energy operates in a competitive market with competitors including Form Energy, Ambri, Verkor, Northvolt and Hydrostor, among others.
- Headquarter Houston, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.04 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Series C
May 22, 2024
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Investors
Trafigura
& 8 more
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Employee Count
Employee Count
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Products & Services of Quidnet Energy
Quidnet Energy offers a comprehensive portfolio of products and services, including Geomechanical Energy Storage and Standard Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Stores excess electricity by pumping water underground for later power generation.
Uses conventional processes for interchangeable energy storage components.
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Funding Insights of Quidnet Energy
Quidnet Energy has successfully raised a total of $29.04M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $10.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series C - Quidnet Energy | Valuation |
investors |
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| Nov, 2022 | Amount | Grant - Quidnet Energy | Valuation |
investors |
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| Jun, 2020 | Amount | Series B - Quidnet Energy | Valuation | Trafigura , Grantham Foundation |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quidnet Energy
Quidnet Energy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Trafigura, Hunt Energy Network and ARPA-E. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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High-risk energy technologies are funded through competitive grants.
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Founded Year | Domain | Location | |
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quidnet Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Quidnet Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quidnet Energy Comparisons
Competitors of Quidnet Energy
Quidnet Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Form Energy, Ambri, Verkor, Northvolt and Hydrostor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Iron-air energy storage systems are developed for renewable energy projects.
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| domain | founded_year | HQ Location |
Liquid metal batteries are provided for long-duration energy storage.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
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| domain | founded_year | HQ Location |
Compressed air is stored underwater for electricity generation.
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| domain | founded_year | HQ Location |
Solutions for compressed air energy storage systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quidnet Energy
Frequently Asked Questions about Quidnet Energy
When was Quidnet Energy founded?
Quidnet Energy was founded in 2015.
Where is Quidnet Energy located?
Quidnet Energy is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Quidnet Energy?
Joe Zhou is the current CEO of Quidnet Energy.
Is Quidnet Energy a funded company?
Quidnet Energy is a funded company, having raised a total of $29.04M across 6 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 16, 2015.
What does Quidnet Energy do?
Quidnet Energy was founded in 2015 and is headquartered in Houston, United States. Operations focus on the energy storage sector, where a grid-scale system is developed by injecting water under high pressure into depleted oil wells. The process compresses the underlying rock to store energy, which is later released as pressurized water drives turbines for electricity generation. This approach repurposes existing well infrastructure for sustainable energy solutions.
Who are the top competitors of Quidnet Energy?
Quidnet Energy's top competitors include Form Energy, Northvolt and Ambri.
What products or services does Quidnet Energy offer?
Quidnet Energy offers Geomechanical Energy Storage and Standard Module.
Who are Quidnet Energy's investors?
Quidnet Energy has 9 investors. Key investors include Trafigura, Hunt Energy Network, ARPA-E, Evok Innovations, and Grantham Foundation.