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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

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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

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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

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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 …

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

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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 …

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Hydrostor Secures $10M from Business Development Bank of Canada (“BDC”) To Support the Rollout of Long-Duration Energy Projects Globally

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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

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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

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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 …

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Hydrostor Advancing Long Duration Energy Storage in California

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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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Hydrostor Secures Funding to Advance Long Duration Energy Storage in Canada

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April 15, 2021 (Toronto, Ontario) — Hydrostor, a long duration energy storage solution provider, announced today it has received funding from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada to pursue the development of a 300-500 MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada. Approximately $4M has been committed to the …

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Hydrostor and NRStor Announce Completion of World’s First Commercial Advanced-CAES Facility

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November 25, 2019 (Toronto, Ontario) – Ontario Project Selected as Energy Storage North America 2019 Innovation Award Winner     Hydrostor, the world’s leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in partnership with NRStor Incorporated, a diversified Canadian energy storage project developer, announce the completion of the Goderich A-CAES Facility, located in Goderich, Ontario, …

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