By enabling energy to be stored for long periods of time, Hydrostor is accelerating the integration of renewable generation into the grid and reducing the reliance on fossil generation. Long-duration energy storage ‘weather proofs’ the grid and ensures consumers receive reliable power from renewable sources, even when the wind doesn’t blow and the sun doesn’t shine.
Hydrostor’s patented Advanced-Compressed Air Energy Storage (A-CAES) solution works by converting excess grid energy into compressed air. This compressed air is then funnelled into underground caverns displacing water to create storage capacity. This compressed air can then be used whenever electricity is needed.
Total Funding: $297 M
Funding Stage: Funded
Business Stage: Scaling Up
Market: B2B
Company Size: 1 to 25
Founded: 2010
Nov 2021
- Hydrostor Seeks Approval for 3.2GWh Compressed Air Storage Facility in California
Aug 2021
- Hydrostor Raised $10M Funding from BDC
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Senior Manager/Director, Business Development
Toronto, ON
Associate, Business Development
Toronto, ON
