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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
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,
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.
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,
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Curtis VanWalleghem
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“Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050”
Seamus O'ReganCanada's Minister of Natural Resources
"This made-in-Canada solution, with the support of Natural Resources Canada and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonise the electricity sector.”
Curtis VanWalleghemCEO & Co-Founder
“Hydrostor is a world-leading developer of reliable and emissions-free long-duration energy storage systems. Hydrostor is unique in its ability to cost-effectively store vast amounts of otherwise curtailed renewable energy, such as wind and solar, and in doing so, addresses one of the key barriers to realizing a net-zero energy grid. BDC Capital is proud to be an investor and see this unique Canadian innovation achieve global scale.”
Zoltan TompaDirector, BDC Capital Cleantech
“Our government is working hard to reduce emissions to net zero by 2050. I am so proud to represent and support companies like Hydrostor Inc., which are tackling climate change through their innovative green and sustainable technology.”
Marci IenMember of Parliament for Toronto Centre
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