Qnetic
Qnetic, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a power-to-power flywheel energy storage system that is sustainable, long-life, and low-cost. Qnetic’s energy storage system takes in electricity, converts it into the kinetic energy of a spinning rotor, and stores it as momentum with very low losses. The system is the solution to solar and wind power intermittency and aims to transition civilization to sustainable energy. The company has three filed patents and has $100 million in signed customer LOIs. Michael Pratt and Loic Bastard founded Qnetic in September 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for filing initial patents, designing and building its lab-scale prototype, testing, market research, R&D, hiring, and operational expenses.
Qnetic, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a power-to-power flywheel energy storage system that is sustainable, long-life, and low-cost. Qnetic’s energy storage system takes in electricity, converts it into the kinetic energy of a spinning rotor, and stores it as momentum with very low losses. The system is the solution to solar and wind power intermittency and aims to transition civilization to sustainable energy. The company has three filed patents and has $100 million in signed customer LOIs. Michael Pratt and Loic Bastard founded Qnetic in September 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for filing initial patents, designing and building its lab-scale prototype, testing, market research, R&D, hiring, and operational expenses.
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