Hydrostor

Press Release

McDermott Selected To Advance Engineering For Hydrostor’s 200MW Silver City Energy Storage Centre, One of The Largest Renewable Mini-grids to be Created Worldwide

McDermott Selected To Advance Engineering For Hydrostor’s 200MW Silver City Energy Storage Centre, One of The Largest Renewable Mini-grids to be Created Worldwide

October 25th, 2022 (TORONTO, Canada) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, through its partnership with Australian developer Energy Estate (“A-CAES NSW Pty”), and McDermott International (“McDermott”) have entered into an agreement to advance Front-end Engineering and Design studies for the 200MW Silver City Energy Storage Centre (“Silver City”) using Hydrostor’s …

McDermott Selected To Advance Engineering For Hydrostor’s 200MW Silver City Energy Storage Centre, One of The Largest Renewable Mini-grids to be Created Worldwide Read More »

Hydrostor Announces AUS$45 Million Grant From The Australian Renewable Energy Agency, Supporting Critical Long Duration Energy Storage Infrastructure in New South Wales

October 21, 2022 (TORONTO, Canada) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, through its partnership with Australian developer Energy Estate (“A-CAES NSW Pty”) announced today that the 200MW/1600MWh Silver City Energy Storage Centre (“Silver City”) has been awarded AUS$45 million from the Australian Renewable Energy Agency (“ARENA”). This milestone demonstrates the …

Hydrostor Announces AUS$45 Million Grant From The Australian Renewable Energy Agency, Supporting Critical Long Duration Energy Storage Infrastructure in New South Wales Read More »

Hydrostor Selects Kiewit to Advance Engineering for Willow Rock, The Largest Stand-alone Energy Storage Project in California

Toronto, Canada – August 25, 2022 (GLOBE NEWSWIRE) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, and Kiewit Engineering Group Inc. (“Kiewit”), have entered an agreement to advance Front-End Engineering and Design studies for the 500MW Willow Rock Energy Storage Center (“Willow Rock”), which would be the largest stand-alone energy storage project …

Hydrostor Selects Kiewit to Advance Engineering for Willow Rock, The Largest Stand-alone Energy Storage Project in California Read More »

Hydrostor Announces Addition of Veteran Energy Executive Judith Johansen as Independent Board Member

Toronto, Canada – July 22, 2022 (GLOBE NEWSWIRE) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, today announced the appointment of Judith (Judi) Johansen as an independent board member.  Ms. Johansen joins Hydrostor with extensive experience in the energy sector. Between 2001 and 2006, she served as President and Chief Executive Officer of …

Hydrostor Announces Addition of Veteran Energy Executive Judith Johansen as Independent Board Member Read More »

Hydrostor Announces Key Milestones for its 500 MW Advanced Compressed Air Energy Storage System in Southern California

Toronto, Canada – July 19, 2022 (GLOBE NEWSWIRE) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, announced today that the California Energy Commission (“CEC”) determined that Hydrostor’s Application for Certification for its 500 MW/4,000 MWh Advanced Compressed Air Energy Storage (“A-CAES”) project in Kern County, California is Data Adequate.  This milestone will officially …

Hydrostor Announces Key Milestones for its 500 MW Advanced Compressed Air Energy Storage System in Southern California Read More »

Hydrostor’s Compressed Air Energy Storage Selected as Preferred Option by Transgrid to Provide Back-up Electricity for Broken Hill, New South Wales

Toronto, Canada, May 26, 2022 (GLOBE NEWSWIRE) — Hydrostor Australia Holding Pty Ltd, a subsidiary of Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, today announced that TransGrid, New South Wales’ largest transmission operator, published its Project Assessment Conclusions Report (“PACR”) that identifies the 200MW/1,500MWh Silver City Energy Storage Centre (“Silver City”) as …

Hydrostor’s Compressed Air Energy Storage Selected as Preferred Option by Transgrid to Provide Back-up Electricity for Broken Hill, New South Wales Read More »

CPP Investments invests in Hydrostor to support the global expansion of long-duration energy storage

April 19, 2022 (Toronto, Ontario) – Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, today announced an investment commitment of US$25 million from Canada Pension Plan Investment Board (“CPP Investments”).  Proceeds from the financing will support Hydrostor’s strategy of developing, constructing, and operating Advanced Compressed Air Energy Storage (“A-CAES”) facilities globally. CPP Investments’ …

CPP Investments invests in Hydrostor to support the global expansion of long-duration energy storage Read More »

EDF, io and Hydrostor Inc. Consortium Awarded £1 Million From UK Government BEIS Competition To Assess Long-Duration Energy Storage Using Mothballed Gas Cavities

February 22, 2022 (Toronto, Canada & London, UK) — A consortium of EDF, io consulting, and Hydrostor Inc. has won £1 million from the UK Government department for Business, Energy & Industrial Strategy (BEIS) to develop storage of electricity as compressed air. This could use mothballed EDF gas cavities in Cheshire, United Kingdom.    This …

EDF, io and Hydrostor Inc. Consortium Awarded £1 Million From UK Government BEIS Competition To Assess Long-Duration Energy Storage Using Mothballed Gas Cavities Read More »

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

January 10, 2022 (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 …

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

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 …

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