Hydrostor

Hydrostor is a leading developer and operator of long-duration energy storage systems with a mission to develop affordable, low-impact, emission-free #longduration energy storage using compressed air, gravity, and water. Founded in 2010 and headquartered in Toronto, Canada, the company has offices in Melbourne, Australia, and Sacramento, USA.

Hydrostor leverages a proven technology solution for delivering long-duration energy storage (eight hours or more) to power grids globally. Its technology uses compressed air and water to store energy, enabling grid operators to access clean energy even when solar and wind sources are not available.

The company has achieved a significant milestone with a successful utility-scale facility commercially contracted to the Independent Electricity System Operator (IESO) in Goderich, Ontario. Additionally, it has two advanced projects under development in Kern County, California, and New South Wales, Australia. Hydrostor also boasts an extensive early-stage pipeline of projects in North America, Australia, and Europe.

In April 2022, Hydrostor secured a $25.00M debt financing investment, demonstrating continued support from institutional investors such as Goldman Sachs Asset Management and the Canada Pension Plan Investment Board (CPPIB). These partnerships provide the financial security needed to commit to top-tier energy projects, showcasing Hydrostor's potential for long-term success in the Energy, Oil and Gas, and Energy Storage industries.