Toronto, Canada
Hydrostor, founded in 2010, is a pioneering company in the realm of energy storage, specializing in the development of long-duration energy storage systems. With a technological approach that capitalizes on compressed air and water, Hydrostor delivers a reliable solution for energy storage, essential for stabilizing power grids in the absence of solar and wind outputs. Their patented method, as highlighted in their slogan, "Developing affordable, low impact, emission free #longduration energy storage using compressed air, gravity, and water," underscores their commitment to sustainable energy solutions.
Headquartered in Canada and with offices in Melbourne, Australia, and Sacramento, USA, Hydrostor boasts operational projects, such as a utility-scale facility in Goderich, Ontario, and developing endeavors in Kern County, California, and New South Wales, Australia. Backed by financial heavyweights like Goldman Sachs Asset Management and the Canada Pension Plan (CPP), their financial robustness is further strengthened by a recent $150.00M convertible note investment from investors such as CPP Investments and Goldman Sachs Alternatives.
