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Hydrostor

Developer

Developing affordable, low impact, emissions-free long-duration energy storage using Compressed Air, Gravity, an...

#478 of 937 Developers

Founded in 2010

Toronto, Ontario
51-200

Overview

Long-duration energy storage ‘weather proofs’ the grid and ensures consumers receive power from renewable sources, even when the wind doesn’t blow and the sun doesn’t shine. Hydrostor is a long-duration energy storage solutions provider that provides reliable and affordable utility integration of long-duration energy storage, enabling grid operators to scale renewable energy and secure grid capacity. Hydrostor supports the green economic transition, employing the people, suppliers, and technologies from the traditional energy sector to design, build, and operate emissions-free energy storage facilities. Hydrostor has developed, deployed, tested, and demonstrated that its patented Advanced Compressed Air Energy Storage (“A-CAES”) technology can provide long-duration energy storage and enable the renewable energy transition. A-CAES uses proven components from mining and gas operations to create a scalable energy storage system that is low-impact, cost-effective, 50+ year lifetime, and can store energy from 5 hours up to multi-day where needed. With investment support from Goldman Sachs Asset Management, Canadian Pension Plan, and Business Development Bank of Canada, Hydrostor has projects worldwide in various development stages for providing capacity of over 200 MW each. Follow us on LinkedIn.

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