Hydrostor is a leader in Advanced Compressed Air Energy Storage (A-CAES), a technology uniquely suited to enable the transition to a cleaner, more reliable electricity grid. A-CAES helps address electricity system needs for dispatchable capacity, renewable integration and optimization, transmission deferral and ancillary services, and is ideal for use in behind-the-meter or remote applications for mines and large industrial operations. Hydrostor's solution delivers low-cost, long-duration, bulk energy storage that is synchronous and emission-free, and can be flexibly located, including as replacements for retired fossil fuel plants. The proprietary technology is now the leading low-cost bulk energy storage solution -- at half the cost of lithium ion batteries and 10 times the lifespan. Hydrostor is backed by sustainable infrastructure developer/funder Meridiam and equipment supplier BakerHughesGE.
Location: Canada, Ontario, Toronto
Employees: 51-200
Total raised: $275M
Founded date: 2010
Investors 3
Funding Rounds 2
| Date | Series | Amount | Investors |
| 19.04.2022 | - | $25M | - |
| 10.01.2022 | - | $250M | - |
Mentions in press and media 22
| Date | Title | Description | Source |
| 25.02.2022 | Hydrostor Secures US$250 Million Investment from Goldman Sac... | Toronto, Ontario & New York, NY, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Hydrostor Inc. (“Hydrostor”),... | amplifycap... |
| 12.01.2022 | Canoe Financial: key position Hydrostor Inc. secures US$250 ... | CALGARY, Alberta, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Canoe Financial is excited to share a recent ann... | marketscre... |
| 11.01.2022 | Canoe Financial: key position Hydrostor Inc. secures US$250 ... | CALGARY, Alberta, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Canoe Financial is excited to share a recent ann... | globenewsw... |
| 11.01.2022 | Goldman Sachs invests $250M in Hydrostor | Goldman Sachs Asset Management's private equity and sustainable investing businesses have invested $... | pitchbook.... |
| 11.01.2022 | Sunrise brief: Goldman Sachs invests $250 million in Hydrost... | Solar expected to be largest source of U.S. new generating capacity in 2022 About 46% of new generat... | pv-magazin... |
| 10.01.2022 | Hydrostor Secures US$250 Million Investment from Goldman Sac... | Toronto, Ontario & New York, NY, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Hydrostor Inc. (“Hydrostor”),... | globenewsw... |
| 10.01.2022 | Hydrostor Secures US$250 Million Investment from Goldman Sac... | Toronto, Ontario & New York, NY, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Hydrostor Inc. (“Hydrostor”),... | marketscre... |
| 11.11.2021 | A deep dive into Lazard’s LCOE report | Lazard released its annual set of levelized cost reports on electricity generation, energy storage, ... | pv-magazin... |
| 06.08.2021 | Funding roundup: Smile CDR, Carebook, Hydrostor, Dcbel, 1Val... | Six Canadian tech companies have recently secured funding. Here’s the latest on who raised money, ho... | betakit.co... |
| 20.07.2021 | As countries reaffirm their climate goals, Hydrostor gains g... | As countries reaffirm their climate goals, Hydrostor gains global traction | amplifycap... |
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