Hydrostor

Hydrostor

Hydrostor Secures US$250 Million Investment from Goldman Sachs Asset Management to Accelerate Growth

January 10, 2021 (Toronto, Ontario & New York, NY) — Hydrostor, Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, today announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management (“Goldman Sachs”) The investment proceeds will be used to support the development …

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Hydrostor Files Second Application for Certification for 500 MW x 8 Hour (4,000 MWh) Gem Energy Storage Center

Hydrostor is advancing two of the largest long-duration energy storage facilities in California, totaling 900 MW and 7,200 MWh, enhancing regional reliability and supporting the State’s transition to a carbon-free renewable future San Francisco, Dec. 01, 2021 (GLOBE NEWSWIRE) — Gem A-CAES LLC, a subsidiary of Hydrostor, today filed its Application for Certification (“AFC”) with …

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Hydrostor Files Application for Certification for 400 MW x 8 Hour (3,200 MWh) Pecho Energy Storage Center

Long-duration energy storage facility on the Central Coast of California will enhance regional reliability and support State’s transition to a carbon-free renewable future San Francisco, Nov. 23, 2021 (GLOBE NEWSWIRE) — Pecho LD Energy Storage LLC, an affiliate of Hydrostor, today filed its Application for Certification (“AFC”) with the California Energy Commission (“CEC”) for development …

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Hydrostor Secures $10M from Business Development Bank of Canada (“BDC”) To Support the Rollout of Long-Duration Energy Projects Globally

Toronto, Ontario, Aug. 04, 2021 (GLOBE NEWSWIRE) — Hydrostor, a leading Canadian-based long-duration energy storage solution provider, today announced that it has secured $10 million of growth capital from BDC Capital to advance its pipeline of long-duration Advanced Compressed Air Energy Storage (“A-CAES”) projects. This news comes after Hydrostor’s recent public announcements of A-CAES projects in California …

Hydrostor Secures $10M from Business Development Bank of Canada (“BDC”) To Support the Rollout of Long-Duration Energy Projects Globally Read More »