Quidnet Energy
Quidnet Energy is a Houston-based, private energy storage company that has commercialized a patented Geomechanical Energy Storage (GES) system, providing modular 1–10 MW long-duration (10–100+ hour) grid-scale storage to electric utilities, with flagship customer CPS Energy.
- Company typePrivate
- Founded2016
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Quidnet Energy does
Quidnet Energy is a Houston-based, privately held energy storage company that has developed and patented a Geomechanical Energy Storage (GES) — also referred to as Geomechanical Pumped Storage (GPS) — technology. The system stores electricity by using surplus grid power to pump water down a well into subsurface geological reservoirs ('Storage Lens') between impermeable rock layers, where high pressure is maintained in a closed loop. When power is needed, the pressurized water is released through a turbine to generate electricity. Each standardized module delivers 1–10 MW with 10–100+ hours of storage duration, and modules can be combined to reach project-level capacity. The architecture relies on conventional oil-and-gas drilling techniques and mature hydropower components, allowing the company to tap existing supply chains for what it describes as GW-scale annual deployment potential.
The company's commercial focus is long-duration grid-scale energy storage for electric utilities, with secondary emphasis on data centers and industrial electrification customers. Pricing is project-specific, with management projecting per-kW installed costs at less than half those of lithium-ion batteries and traditional pumped hydro. Revenue is generated through project development and operation under long-term commercial agreements (e.g., a 15-year agreement with CPS Energy for an initial 1 MW/10 MWh project expandable to 15 MW), technology licensing to partners such as Hunt Energy Network, and non-dilutive government funding. Quidnet has cumulatively raised more than $60M from Breakthrough Energy Ventures, Evok Innovations, Trafigura, the Grantham Environmental Trust, Hunt Energy Network, DOE ARPA-E, NYSERDA, Emissions Reduction Alberta, and PRIME Coalition. Headcount sits at 11–50 employees, with operational sites in Houston (HQ and CPS Energy demonstration), Saratoga Springs, San Francisco, Brooks (Alberta), and project development underway in Texas, New York, Ohio, and Alberta.
Quidnet Energy firmographics
Firmographics- Name
- Quidnet Energy
- Legal name
- Quidnet Energy
- Website
- https://quidnetenergy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Quidnet Energy is a Houston-based, private energy storage company that has commercialized a patented Geomechanical Energy Storage (GES) system, providing modular 1–10 MW long-duration (10–100+ hour) grid-scale storage to electric utilities, with flagship customer CPS Energy.
- Ownership category
- akta.pro rank
Quidnet Energy industry classification
Industry- Product category
- Long-Duration Energy Storage
- NAICS
- Hydroelectric Power Generation (221111)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Mechanical LDES (Pumped Hydro, Compressed/Liquid Air, Flywheels) (EUAFADAB)
- akta.pro secondary industry
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)
Keywords
Where Quidnet Energy is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Quidnet Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Grid-Scale Energy Storage Projects: Quidnet develops and deploys geomechanical energy storage projects for electric utilities under long-term commercial agreements. Revenue comes from project development, construction, and ongoing operation of GES facilities. The CPS Energy agreement is structured as a 15-year commercial agreement with initial 1 MW facility expandable to 15 MW.
- Technology Licensing: Patented GPS/GES technology can be licensed to utilities and project developers. The standardized, modular approach enables technology transfer to partners like Hunt Energy Network for project deployment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for utilities |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Quidnet Energy product offering
Product offeringCore offering
Quidnet Energy develops and deploys Geomechanical Energy Storage (GES), a modular long-duration grid-scale storage technology that stores energy as pressurized water in subsurface geological reservoirs between impermeable rock layers and releases it through hydroelectric turbines on demand. Each standardized 1-10 MW module delivers 10-100+ hours of storage using conventional drilling components and mature hydropower subsystems in a closed-loop water system. The company partners with electric utilities and energy developers under long-term commercial agreements and build-transfer programs to deploy the technology at grid scale.
Product overview
Quidnet Energy offers a single unified product: the Geomechanical Energy Storage (GES) system, also referred to as Geomechanical Pumped Storage (GPS). GES is a modular, standardized, long-duration energy storage platform that stores energy by pumping water under pressure into subsurface geological reservoirs (called a "Storage Lens") between impermeable rock layers. When energy is needed, pressurized water is released through hydroelectric turbines to generate electricity. The system is built from three main subsystems—Well, Surface Water Storage, and Power Conversion—that are produced through a standardized process using existing oil and gas, hydroelectric, and industrial machinery supply chains. Each standard module provides 1-10 MW capacity with 10-100+ hours of storage duration. The company is currently deploying commercial projects in Texas with partners including CPS Energy and Hunt Energy Network.
Differentiator
Problem solved
Functional benefit
Products and services
- Geomechanical Energy Storage (GES) Modular, standardized long-duration grid-scale energy storage system that stores energy as pressurized water in subsurface geological reservoirs (the 'Storage Lens') between impermeable rock layers, and releases it through hydroelectric turbines to generate electricity on demand. Each module delivers 1-10 MW of capacity with 10-100+ hours of storage, built from conventional drilling components, surface water storage ponds, and standardized power conversion subsystems in a closed-loop water system. Sold to electric utilities, energy developers, and adjacent large-load customers such as data centers under long-term commercial agreements, build-transfer programs, and technology licensing arrangements.
Quantifiable outcome
- 35 MWh discharge after 6 months of holding charge with no loss
- +4 more outcomes
Companies that use Quidnet Energy
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Quidnet Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Quidnet Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and minor.
- Hunt Energy NetworkflagshipStrategic partnership to deploy 300 MW of geomechanical energy storage projects in ERCOT, Texas. Includes $10M investment from Hunt Energy Network. Todd Benson (Chief Innovation Officer) joined Quidnet's board of directors. Partnership pairs Quidnet's long-duration storage with Hunt Energy's project development expertise and subsurface technologies.
- CPS Energyflagship15-year commercial agreement for geomechanical pumped storage project. Initial 1 MW/10 MWh facility expandable to 15 MW. Supports CPS Energy's Flexible Path to reduce net emissions by 80% by 2040. EPIcenter's Innovation Management program supported CPS Energy's decision-making.
- Long Duration Energy Storage Council (LDES Council)coreQuidnet is a founding member of the LDES Council, a CEO-led initiative with 24 companies including Breakthrough Energy, BP, Baker Hughes, Siemens Energy, and others. Council released McKinsey study documenting need for 85-140 TWh of LDES globally.
- EPIcenterminorEnergy innovation nonprofit that facilitated CPS Energy's decision-making process through its Innovation Management program alongside a curated council of CPS Energy leadership.
- U.S. Department of Energy (WPTO)coreWater Power Technology Office partnership through HydroWIRES Initiative to develop innovative reversible injector-generator for modular hydropower conversion in high-pressure pumped hydro applications.
- U.S. Department of Energy (ARPA-E DAYS)coreARPA-E DAYS (Duration Addition to electricitY Storage) program to develop GPS resource by planning and executing exploratory wells to characterize and validate geologic resources, including sites reusing inactive O&G wells.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Quidnet Energy competitors and assessment
Company assessmentDirect peers
- Energy Vault: NYSE-listed company developing mechanical long-duration energy storage including gravity-based and hydro-mechanical systems. Directly competes with Quidnet in mechanical LDES category, serving utilities and large energy customers with non-lithium-ion storage solutions.
- Hydrostor: Toronto-based advanced compressed air energy storage (A-CAES) company targeting long-duration grid-scale storage. Closely comparable to Quidnet in serving utility customers with multi-hour, non-lithium-ion LDES solutions using subsurface/mechanical architectures.
- Form Energy: Somerset, MA-based developer of iron-air battery technology targeting 100+ hour long-duration storage. Direct competitor to Quidnet in LDES space, serving electric utilities with multi-day storage solutions backed by significant venture and strategic capital.
- Highview Power: UK-based liquid air energy storage (LAES) developer with operational projects in the UK and US. Directly competes with Quidnet in mechanical LDES category, targeting grid-scale long-duration applications using thermodynamic/mechanical conversion cycles.
- ESS Inc. NYSE-listed company commercializing iron flow battery technology for long-duration energy storage. Comparable to Quidnet in targeting utility-scale LDES applications with non-lithium-ion, multi-hour storage capabilities.
Emerging players
- Antora Energy: Sunnyvale-based startup developing thermal energy storage and conversion systems for industrial and grid applications. Competes with Quidnet in the broader LDES category but uses thermal rather than mechanical/hydro storage.
- Malta Inc. Cambridge, MA-based startup developing pumped heat thermal energy storage for long-duration applications. Comparable LDES competitor using mechanical-thermal hybrid architecture to serve utility-scale storage needs.
Broad incumbents
- Fluence Energy: NASDAQ-listed global energy storage integrator and battery system provider offering lithium-ion-based solutions for utilities. Larger incumbent in grid-scale storage; overlaps with Quidnet in serving electric utility customers but focused on shorter-duration lithium-ion chemistries.
- Tesla (Energy): Tesla's energy business manufactures Megapack battery systems for utility-scale storage. Broad incumbent in the energy storage space; competes indirectly with Quidnet for utility procurement dollars but is constrained to shorter-duration lithium-ion deployments.
Others
- Baker Hughes: Global energy technology company with LDES investments and turbine/pumping equipment capabilities. LDES Council member and potential supplier/partner for Quidnet's hydro-mechanical power conversion subsystems; not a direct competitor but ecosystem participant.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Quidnet Energy social profiles
Digital presenceQuidnet Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quidnet Energy leadership team
Management profileNumber of profiles
Profiles7 records
Quidnet Energy funding detail
Funding detailFunding overview
Funding rounds8 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quidnet Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quidnet Energy
What does Quidnet Energy do?
Quidnet Energy develops and deploys Geomechanical Energy Storage (GES), a modular long-duration grid-scale storage technology that stores energy as pressurized water in subsurface geological reservoirs between impermeable rock layers and releases it through hydroelectric turbines on demand. Each standardized 1-10 MW module delivers 10-100+ hours of storage using conventional drilling components and mature hydropower subsystems in a closed-loop water system. The company partners with electric utilities and energy developers under long-term commercial agreements and build-transfer programs to deploy the technology at grid scale.
Is Quidnet Energy a public or private company?
Quidnet Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Quidnet Energy founded?
Quidnet Energy was founded in 2016. It employs 11 to 50 people.
Where is Quidnet Energy based?
Quidnet Energy is headquartered in Houston, United States, in the North America region.
How does Quidnet Energy make money?
Two revenue lines are on record. Grid-Scale Energy Storage Projects are the primary driver. The others are technology Licensing.
Who are Quidnet Energy's main competitors?
Direct peers on record are Energy Vault, Hydrostor, Form Energy, Highview Power and ESS Inc.. Emerging players are Antora Energy and Malta Inc.. Broad incumbents are Fluence Energy and Tesla (Energy). Baker Hughes is listed as an others.
Does Quidnet Energy have an API?
No public API is recorded for Quidnet Energy.
What industry is Quidnet Energy in?
Quidnet Energy's product category is Long-Duration Energy Storage. Its primary akta.pro industry code is EUAFADAB, Mechanical LDES (Pumped Hydro, Compressed/Liquid Air, Flywheels), with a secondary code of EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal). Its NAICS code is 221111 and its SIC code is 3510.