Hydrostor

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 »

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 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 »

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 »

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 »