Quidnet Energy

Quidnet Energy

Growth Stage

Geomechanical pumped storage for renewable energy on demand

Geomechanical pumped storage for renewable energy on demand


Funding data not publicly available


Start Date


Close Date


Max. Goal
Min. Investment


Security Type

Convertible Note



SEC Filing Type

RegD 506(c)    Open SEC Filing

Valuation Cap




Year Founded



Energy, Power, & Natural Resources

Tech Sector


Distribution Model




Capital Intensity



Houston, Texas

Business Type


Quidnet Energy, with a valuation of $70 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company provides geomechanical pumped storage for renewable energy on demand. The patented energy storage technology of Quidnet Energy stores energy as pressurized water under the ground and provides it at a lower cost than traditional energy storage technologies. Quidnet Energy has received a $10 million award from the US Department of Energy and has signed a $30 million contract with CPS. Joe Zhou and Howard Schmidt founded Quidnet Energy in 2013. The current crowdfunding campaign has a maximum target of $2.25 million. The campaign proceeds will be used to scale to the MW-scale operating module and expand the commercial deployment pipeline.
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Quidnet Energy on OurCrowd 2023
Platform: OurCrowd
Security Type: Convertible Note
Valuation: $70,000,000

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