Providing grid-scale electricity storage by storing renewable energy as compressed air.
Currently Operating in Four Regions
Press Mentions
November 24, 2019
This abandoned Goderich salt mine could hold the key to a greener, cleaner future in Ontario
A Toronto-based energy company has converted an old Goderich salt mine into an energy storage facility that uses compressed air instead of batteries. The company says the technology is fuel-free...
Read on CBC News »December 19, 2023
Major win for compressed air energy storage as Hydrostor awarded 200 MW Long-Term Energy Service Agreement
Compressed air energy storage (CAES) has received a major boost with the approval of a $1.2 billion project in California. CAES is seen as a key technology for storing renewable energy and reducing...
Read on Yahoo Finance »November 30, 2022
Hydrostor Announces Advisory Board to Accelerate Deployment of Long Duration Energy Storage Infrastructure
Hydrostor Inc. announced the members of its new Advisory Board. The members bring a wealth of knowledge from the energy industry and will support Hydrostor’s mission to enable the energy transition...
Read on GlobeNewswire News Room »January 10, 2022
Hydrostor Secures US$250 Million Investment from Goldman Sachs Asset Management to Accelerate Growth
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...
Read on GlobeNewswire News Room »August 4, 2021
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...
Read on GlobeNewswire News Room »September 21, 2019
Storing energy in compressed air could finally become cheap enough for the big time
To achieve a zero-carbon electric grid, we'll need technologies that can store solar and wind energy.
Read on Quartz »Work at Hydrostor
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