Hydrostor

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A Breakthrough Solution

About

Hydrostor, a private company founded in 2010 and based in Toronto, Canada, is the world’s leading developer of utility-scale energy storage facilities. Hydrostor’s proprietary Advanced Compressed Air Energy Storage (A-CAES) product improves on the mature Compressed Air Energy Storage (CAES) technology by eliminating emissions, increasing efficiency, and providing location flexibility. Hydrostor is uniquely situated to provide long duration, non-emitting, cost-effective energy storage enabling direct replacement of fossil generation, deferral of costly transmission investments and greater integration of renewable generation as the grid decarbonizes. A-CAES achieves this by offering equivalent large scale energy storage with the low cost, long duration, and long life of pumped hydro but with a key advantage of being able to flexibly site where needed and without the environmental impacts. By leveraging proven construction techniques with known standard equipment and using only water, gravity, and air – Hydrostor offers a bankable product that we are working with global EPC firms and partners to deliver around the world.

Our Mission

“Enabling The Energy Transition in an effective and positive manner and at a scale that truly makes a difference in reducing global climate change. Our product is a core component to the fundamental changes energy grids around the world are experiencing, to better our planet for generations to come.”

The Opportunity

Hydrostor believes substantial growth potential lies in the development, construction, operation, and ownership of A-CAES facilities due to its high-value grid applications and the growing need for long duration energy storage to enable the low carbon energy transition. A-CAES is an innovative integration of well-proven equipment and construction approaches that is more commercially mature than other emerging long-duration energy storage technologies. Over the next decade, the Global Market potential for long-duration grid scale energy storage that can be flexibly sited is expected to grow as much as 140+ gigawatts (GW). This market growth is being driven by significant, non-reversible grid trends, including aging power infrastructure and the variability introduced from growing penetrations of renewable energy. 

Project Pipeline

Having proved commercial viability, Hydrostor’s near-term growth strategy is centered on executing on a world class pipeline of large-scale A-CAES projects generally comprising 200 to 500+ MW (megawatt) opportunities – representing over 6 GW (gigawatts) and 65+ GWh of deployment potential in the USA, Canada, Chile and Australia, with significant global project potential across many other markets. The Company is currently focused on four key markets and expects to be awarded high-value revenue contracts in the near-term. Beyond these core markets, significant growth is anticipated worldwide, as renewables penetration continues to expand, and markets recognize the need for long-duration storage. 

Projects

MANAGEMENT TEAM

Curtis VanWalleghem

CHIEF EXECUTIVE OFFICER, BM

MBA, BASc, PMP

Curtis has been CEO of Hydrostor since its inception and has led the company through technology development into commercial …

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Jon Norman

PRESIDENT

MASc, P.Eng

Jon is a professional engineer with nearly 20 years experience in the power industry, environmental sector, management …

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Guy Bentinck

CHIEF FINANCIAL OFFICER

MA, CPA, ICD.d

Guy is a Chartered Professional Accountant with 25 years of experience in the natural resource and power generation sectors …

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Jordan Cole

EVP & CHIEF COMMERCIAL OFFICER

BBA, MBA

Jordan is a senior professional with 15 years of experience in the private equity space. He spent over a decade at Brookfield Asset …

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Cameron Lewis

FOUNDER & CHIEF TECHNOLOGY OFFICER

Cam has brought the ideas of Hydrostor to life in the innovative concepts and processes that founded the company. Cam has a decade and …

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Sid Meloney

EVP, ENGINEERING & PROJECTS

P.Eng

Sid is a professional engineer with 29 years of experience in the Alberta oilsands, petrochemical and natural gas midstream industries. He has …

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Andrew McGillis

SVP ENGINEERING

MSc, P.Eng

Mr. McGillis is a coastal and marine engineer. He has more than 10 years of experience working as an engineer in the marine sector, including …

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Cindy Hung

SVP, FINANCE & CORPORATE OPERATIONS

MBA, CPA, CMA

As an experienced leader with over 20 years of professional experience in finance, accounting and corporate operations, Cindy has a proven …

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Board of Directors

Ron Miller

CHAIRMAN OF THE BOARD

Mr. Miller is a co-founder of Lorem Partners, a private equity investment firm that has historically invested in the conventional energy sector …

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Tom Rand

BOARD MEMBER

After a number of years as a successful software entrepreneur Tom now focuses his efforts on carbon mitigation. He’s active in Cleantech venture capital …

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Curtis D. Bartlett

BOARD MEMBER

Mr. Bartlett is a co-founder of Lorem Partners, a private equity investment firm. He has over 30 years experience as an entrepreneur and manager, …

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Elisabeth Hivon

BOARD MEMBER

Elisabeth Hivon has been working in the infrastructure development area for over 15 years. She has covered transportation, water/wastewater, social …

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Curtis VanWalleghem

CHIEF EXECUTIVE OFFICER, BOARD MEMBER

Curtis has been CEO of Hydrostor since its inception and has led the company through technology development into commercial …

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CAREERS

To apply for a job with Hydrostor, please send a cover letter together wth your C.V. to:
careers@hydrostor.ca
Technology
Curt

Curtis VanWalleghem

CHIEF EXECUTIVE OFFICER, BOARD MEMBER

MBA, BASc, PMP

Curtis has been CEO of Hydrostor since its inception and has led the company through technology development into commercial operations. Prior to Hydrostor, Curtis was Sr. Manager in Deloitte’s Corporate Strategy Consulting Practice where he advised and consulted for some of the top energy companies globally. He has also held positions at nuclear generator Bruce Power and wind developer Environmental Electric Company.

jon

Jon Norman

PRESIDENT & CHIEF OPERATING OFFICER

MASc, P.Eng

Jon is a professional engineer with nearly 20 years experience in the power industry, environmental sector, management consulting and government. Jon previously held senior roles at Brookfield Asset Management, most recently as VP responsible for regulatory policy and government relations across North America for the power and utilities business. In earlier roles he served as project manager for environmental operations and held senior roles in government, where he led grid and networks policy development in Ontario as well as interjurisdictional negotiations. Jon holds an interdisciplinary master’s degree in engineering and economics from the University of Toronto.

Guy B

Guy Bentinck

CHIEF FINANCIAL OFFICER

MA, CPA, ICD.d

 Guy is a Chartered Professional Accountant with 25 years of experience in the natural resource and power generation sectors. Guy is a seasoned executive with a record of accomplishments in leadership, strategy, value creation, capital markets and capital projects. He has previously been Chief Financial Officer for a number of companies, including Fairfax Africa, Sherritt International Corporation and Royal Utilities Income Fund, and has also served as SVP Capital Projects at Sherritt and President and CEO of a resource development company.

jordan

Jordan Cole

EVP & CHIEF COMMERCIAL OFFICER

BBA, MBA

Jordan is a senior professional with 15 years of experience in the private equity space. He spent over a decade at Brookfield Asset Management expanding the company’s renewable power, real estate and infrastructure global platforms. Prior to joining Hydrostor, Jordan was the Chief Investment Officer within Brookfield’s district energy platform, Enwave Energy Group. He has experience in renewables and infrastructure project development, and has been involved in a number of key transactions and financings. Jordan holds both honors BBA and MBA degrees from the Schulich School of Business at York University.

cam

Cameron Lewis

FOUNDER & CHIEF TECHNOLOGY OFFICER

Cam has brought the ideas of Hydrostor to life in the innovative concepts and processes that founded the company. Cam has a decade and a half in the Oil and Gas equipment manufacturing industry in Alberta, working with start-ups such as Chadco Canada and Delaney Energy. Pairing his conventional energy knowledge with his experience in wind farm development in Ontario, he created the Environmental Electric Company to continually advance renewable technology to best serve the expanding market. Bringing ideas to life has been fundamental throughout his career.

sid

Sid Meloney

EVP, ENGINEERING & PROJECTS

P.Eng

Sid is a professional engineer with 29 years of experience in the Alberta oilsands, petrochemical and natural gas midstream industries. He has extensive project experience having managed the development and execution of ~$4 billion worth of processing, pipelines and other infrastructure projects. Sid previously held senior roles progressing to the executive level with Williams Energy, TransCanada, Nova Chemicals and Syncrude Canada. Most recently Sid owned and operated his own consulting company focusing on acquisitions, commercial management and project management advice. Sid holds a bachelor’s degree of Civil Engineering from Dalhousie University.

andrew

Andrew McGillis

SVP ENGINEERING

MSc, P.Eng

Mr. McGillis is a coastal and marine engineer. He has more than 10 years of experience working as an engineer in the marine sector, including project management, coastal process investigations, and design. Most of his past work involves site investigations and engineering design of marine structures such as revetments, breakwaters, harbours, offshore wind turbine foundations, and scour protection. He is now focused on managing the design and engineering process at Hydrostor.

cindy

Cindy Hung

SVP, FINANCE & CORPORATE OPERATIONS

MBA, CPA, CMA

As an experienced leader with over 20 years of professional experience in finance, accounting and corporate operations, Cindy has a proven track record with strong relationship building skills and knowledge in a fast-paced, cutting-edge environment. She is responsible for oversight of our finance, corporate operations, HR and IT departments. She holds a CPA, CMA, an honours BMath/BA from University of Waterloo and a MBA from Wilfried Laurier University.

Ron Miller

CHAIRMAN OF THE BOARD

Mr. Miller is a co-founder of Lorem Partners, a private equity investment firm that has historically invested in the conventional energy sector but is now entirely focused on renewable energy related investments.  Mr. Miller has extensive experience in strategic and corporate finance matters for both privately held and publicly traded entities.  Mr. Miller was a founding director of Petro Andina Resources Inc., Parex Resources Inc., and Gravity Renewables, Inc.  He is currently chairman of the board of Hydrostor Inc. and JDRF Canada and a founder and board member of Redress Risk Management Inc.  Mr. Miller holds a Bachelor of Commerce degree (1987) from the University of Alberta and is a Chartered Professional Accountant, CA (1990). He is also a member of the Institute of Corporate Directors having completed the Directors Education Program in 2009.

Tom Rand

BOARD MEMBER

After a number of years as a successful software entrepreneur Tom now focuses his efforts on carbon mitigation. He’s active in Cleantech venture capital, technology incubation & commercialization, and public advocacy. Tom is Managing Partner of the privately-backed MaRS Cleantech Fund, a Senior Advisor at the MaRS Discovery District and sits on the board of a number of clean energy companies and organizations. Tom has three books under publication: Kick the Fossil Fuel Habit (2010), Waking the Frog (2014) and The Case for Climate Capitalism (2020). Tom holds a BSc in electrical engineering (U of Waterloo), an MSc in philosophy of science (University of London and LSE) and an MA and PhD in philosophy (U of Toronto) and is an Action Canada Fellow.

Curtis D. Bartlett
BOARD MEMBER

Mr. Bartlett is a co-founder of Lorem Partners, a private equity investment firm. He has over 30 years experience as an entrepreneur and manager, private equity investor and investment banker. Mr. Bartlett is a director of Hydrostor Inc. and several private companies. He has been involved in the start-up, growth and successful exit of more than a dozen private and public companies in the conventional and renewable energy sectors, including a founding director of Parex Resources Inc., Petro Andina Resources Inc., and Gravity Renewables, Inc. Mr. Bartlett graduated with a Bachelor of Arts (Honours) degree from Queen’s University, and received a Master of Arts degree from the University of Toronto. He served as a Trustee of Queen’s University, and is a member of the Institute of Corporate Directors having completed the Directors Education Program in 2016.

Elisabeth Hivon

BOARD MEMBER

Elisabeth Hivon has been working in the infrastructure development area for over 15 years. She has covered transportation, water/wastewater, social infrastructure, and most recently energy sectors. She has been active in more than twenty large scale infrastructure projects ranging in size from a few hundred million to a few billion dollars. As the Executive Director for the Canadian operations of Meridiam Infrastructure, she oversees the activities of the company in Canada and also gets actively involved in some projects in the USA. Prior to joining Meridiam in 2011, Ms. Hivon worked for a number of other private infrastructure developers and also briefly worked for the public sector. Before being active in infrastructure project development, Ms. Hivon worked as a geotechnical engineer in the natural resources sector.

Curtis VanWalleghem

 
CHIEF EXECUTIVE OFFICER, BOARD MEMBER
Curtis has been CEO of Hydrostor since its inception and has led the company through technology development into commercial operations. Prior to Hydrostor, Curtis was Sr. Manager in Deloitte’s Corporate Strategy Consulting Practice where he advised and consulted for some of the top energy companies globally. He has also held positions at nuclear generator Bruce Power and wind developer Environmental Electric Company.