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Quidnet Energy
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Developer of geomechanical pumped hydro energy storage systems

Founded in 2013
Founded in

Company type Private Public ()
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Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Framingham, MA Framingham, United States
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Updated by Sunena Gupta at on 06/11/2024

Edited by Cleantech Group on 06/20/2024

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Date Partner Type
06/23/2020
New York State Energy Research and Development Authority New York State Energy Research and Development Authority
Signed a contract with the New York State Energy Development Authority for commercial demonstration of its Geomechanical Pumped Storage technology. The project in New York State will be a 2 MW scale implementation of GPS, supported through NYSERDA’s High Performing Grid Program.
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Confirmed by New York State Energy Research and Development Authority
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Date Investors Type Amount
05/28/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funds will be used for scaling up
Grant $10,000,000
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