Hydrostor

Press Release

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’ …

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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 …

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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 …

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

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 …

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

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 »

Hydrostor Announces Build-out of Executive Team to Support Execution of Project Pipeline Exceeding 6 GW/65 GWh of Long-Duration Energy Storage

Industry executives, with decades of experience in power generation and large-scale infrastructure projects, Join Hydrostor. June 24, 2021 (Toronto, Canada) — Hydrostor, a long-duration energy storage solution provider, with a commercial-ready product and established supply chain, today announced the appointment of Guy Bentinck as Chief Financial Officer and Dean Comand as Chief Operating Officer. Guy …

Hydrostor Announces Build-out of Executive Team to Support Execution of Project Pipeline Exceeding 6 GW/65 GWh of Long-Duration Energy Storage Read More »

Hydrostor Project to Contribute more than AUS$500 million to New South Wales Economy

Economic impact report for long duration energy storage project in Broken Hill Confirms it will create significant employment during construction and operations.  June 7, 2021 (Broken Hill, Australia) – Hydrostor, a long duration energy storage solution provider, today announced the latest results from a third-party economic impact report produced by ACIL Allen for its 200 MW …

Hydrostor Project to Contribute more than AUS$500 million to New South Wales Economy Read More »

Hydrostor Advancing Long Duration Energy Storage in California

Company Developing up to 10GWh of energy storage in state using its patented A-CAES technology. April 29, 2021 (San Francisco, CA) – Hydrostor, a long duration energy storage solution provider, today announced the development of 1,000 MW of long duration energy storage in the state. The California Public Utilities Commission has identified a need for up to …

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