Hydrostor
Renewable Energy Power GenerationOntario, Canada51-200 Employees
Hydrostor is a renewable energy power generation company that develops and operates long-duration energy storage systems. Its technology uses compressed air and water to store energy, enabling eight hours or more of storage for power grids. It has a commercially contracted utility-scale facility with the Independent Electricity System Operator in Goderich, Ontario, and two advanced projects under development in Kern County, California and New South Wales, Australia, along with an extensive early-stage pipeline in North America, Australia and Europe. Founded in 2010, Hydrostor is headquartered at 333 Bay Street, Toronto, Ontario, M5H 2R2, Canada, and maintains offices in Melbourne, Australia, and Sacramento, USA; it employs 51-200 people. The company is backed by Goldman Sachs Asset Management, the Canada Pension Plan (CPP), and other institutional investors, and financial figures in the data indicate revenue in the low tens of millions with funding around $55 million.
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