Qnetic has raised more than US$15 million in total funding as its first full-scale flywheel prototype enters testing. The company is developing long-duration flywheel energy storage systems. Its alpha prototype, called Pulsar, is assembled and running.
Commercial pipeline
Qnetic has expanded its commercial pipeline to 10 non-binding letters of intent. These agreements are valued at more than US$150 million. A new LOI supports a planned pilot deployment for modular data centers.
U.S. operations
The company is expanding its U.S. operations with a new facility in Sacramento, California. The site will support prototype development, engineering, and preparations for increased production. Qnetic is working to commercialize high-cycle energy storage systems for renewable energy, grid support, and data center power.
Flywheel storage design
Qnetic's flywheel technology uses a high-speed carbon-fiber rotor to store energy mechanically. Unlike conventional batteries, it is designed to avoid capacity degradation from repeated charge and discharge cycles. The system is meant to support frequent cycling over decades of operation.
Qnetic plans to start converting its letters of intent into field deployments in 2027. Its leadership team will meet with investors and partners at RE+ 2026 in Las Vegas from November 16 to 19. The company is also running an equity crowdfunding round for everyday investors.