Hydrostor
Company

Last deal

$25M

Amount

Debt Financing

Stage

19.04.2022

Date

8

all rounds

$322M

Total amount

General

About Company
Hydrostor is a provider of advanced compressed air energy storage.

Industry

Sector :

Subsector :

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Hydrostor's long-duration energy storage solution helps weatherproof the grid and ensures consumers receive power from renewable sources, even when the wind doesn’t blow and the sun doesn’t shine. They have developed, deployed, tested, and demonstrated that their patented A-CAES technology can provide long-duration energy storage and enable the renewable energy transition. 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.
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