The Long Duration Energy Storage Council (LDES Council) estimates that adopting their technologies could reduce global industrial greenhouse gas emissions by 65%, potentially saving $540 billion annually. Check out our #BNEF Summit #shorts filmed in New York to hear our CEO Curtis VanWalleghem discuss the cost-effectiveness of our A-CAES technology. #CleanEnergy #LDES #EnergyStorage #SustainableEnergy #Innovation
Hydrostor
Renewable Energy Power Generation
Toronto, Ontario 19,294 followers
Developing affordable, low impact, emission free #longduration energy storage using compressed air, gravity, and water
About us
Hydrostor is a leading developer and operator of long-duration energy storage systems. Hydrostor leverages a proven technology solution for delivering long-duration energy storage (eight hours or more) to power grids around the world. Hydrostor’s technology uses compressed air and water to store energy. This patented technology allows grid operators to draw on clean energy, even when there is no sun to fuel solar panels and no wind to generate energy from turbines. Hydrostor has a successful utility scale facility commercially contracted to the Independent Electricity System Operator (IESO) located in Goderich, Ontario, and two advanced projects under development in Kern County, California and New South Wales, Australia. Hydrostor has an extensive early-stage pipeline of projects in North America, Australia and Europe. Founded in 2010 and with headquarters in Toronto, Canada and offices in Melbourne, Australia and Sacramento, USA, Hydrostor is backed by Goldman Sachs Asset Management, the Canada Pension Plan (CPP) and other forward-thinking institutional investors, providing financial security to commit to top-tier energy projects.
- Website
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http://hydrostor.ca
External link for Hydrostor
- Industry
- Renewable Energy Power Generation
- Company size
- 51-200 employees
- Headquarters
- Toronto, Ontario
- Type
- Privately Held
- Founded
- 2010
- Specialties
- Compressed Air Energy Storage, Bulk Energy Storage, Flexible Generation, Surplus Baseload Generation, and Flexible Site Selection
Locations
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Primary
333 Bay St
Toronto, Ontario M5H 2R2, CA
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1125 17th St
Denver, Colorado 80202, US
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420 St Kilda Rd
Level 8
Melbourne, Victoria 3004, AU
Employees at Hydrostor
Updates
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We're excited to introduce Darnell Everett, CCM as our new Vice President, Project Execution for North America. Darnell joins Hydrostor with more than 25 years of experience in the construction industry where he has led engineering and construction teams, safety managers, project managers, developers, planners and engineers for large scale utility projects. Please join us in welcoming Darnell! Stay tuned for more updates as we progress towards an exciting future. Are you an energy guru? We’re hiring: https://lnkd.in/gJPS_DuB Sign up to our newsletter: https://hydrostor.ca/ #TeamExpansion #LDES #Hydrostor
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"The advanced part of compressed air is really important because we don’t use any natural gas. We take heat from our compression process, we store that and run it through heat exchangers in the simplest means possible, really well-proven industrial techniques, then we put that heat in the turbine," said Hydrostor President Jon Norman in a recent podcast interview with RenewEconomy's founder Giles Parkinson. Tune into the second half of RenewEconomy’s Energy Insider’s podcast to learn more about how Hydrostor's advanced compressed air energy storage is outperforming pumped hydro and why even nuclear needs substantial storage. Listen here: https://lnkd.in/ge_zxFjy #RenewableEnergy #CompressedAirStorage #SustainableTech #GridStability #EnergyPodcast
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Ready to be part of the Clean Energy Revolution? Exciting opportunities await at Hydrostor! We are on the lookout for a Director of Health, Safety, Quality and Environment to join our dynamic team in Denver, Colorado and contribute to shaping the future of sustainable energy. Why choose Hydrostor? Our cutting-edge A-CAES technology is uniquely positioned to revolutionize the energy landscape. Join us as we lead the way in shaping a greener, more sustainable future. Explore more about this role on our LinkedIn Jobs page and discover how you can be a key player in the transformation of the energy sector. https://lnkd.in/dyyM38xb #Environment #CleanEnergy #Jobs #Denver #Hiring
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“There needs to be recognition that existing markets are broken. They have difficulty incentivizing any type of new build in the system, let alone long duration energy storage. You need an outside contract mechanism, which is what we’ve tapped into to be successful in both our NSW Australian project and Kern County, our California project, that effectively provides us with the financial cash flow stream to ultimately get these assets off the ground” said Hydrostor’s Chief Commercial Officer Jordan Cole 🔊 Dive deeper into Jordan's insights on developing the long duration storage market by listening to the Power Players podcast by Origis Energy Services with host Christine Grey Sosna, Senior Director of Business Development for Origis Energy. Listen here: https://lnkd.in/gdWdcQdz #PodcastInterview #Sustainability #GreenTech #CleanEnergy
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We were thrilled to participate in Clean Energy Council’s Australian Clean Energy Summit, where the need for energy storage was a central theme. Former Australian Prime Minister Malcolm Turnbull's keynote highlighted its critical role in transitioning from coal, and was followed by an esteemed panel where Hydrostor President Jon Norman joined Dennis Freedman of Aquila Clean Energy APAC, Ian Brooksbank of Hydro Tasmania, Paul Curnow of Akaysha Energy, and Megan Ward of Neoen Australia to discuss the importance of a diverse approach to energy storage and its expanding value streams. Sara Taylor Director, Regulatory & External Affairs (AUS) also contributed to a dynamic discussion moderated by the Long Duration Energy Storage Council (LDES Council)'s CEO Julia Souder, alongside Manuela Londoño Ferro of RayGen, Mark Croudace of MGA Thermal, and Ava Hanock of Upper Hunter Hydro. Thank you to everyone that interacted with the Hydrostor team! #ACES2024 #EnergyStorage #CleanEnergy #Decarbonization #LDES
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With a commitment to reliably decarbonizing electricity grids around the world, we are advancing a 7,000 MW pipeline of projects across various regions. Watch our #BNEF Summit #shorts filmed in New York to see our CEO Curtis VanWalleghem provide an overview of these initiatives. #CleanEnergy #LDES #EnergyStorage #SustainableEnergy #Innovation
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With utilities rapidly expanding solar and wind capacity, 2024 is on track to be the first full year where renewables lead U.S. electricity generation, marking a key milestone in the U.S. energy transition, as reported by Reuters. As more renewables are added, the role of storage will only become more important in ensuring a stable and reliable energy supply. Read the full article: https://lnkd.in/gqXwmtVD #RenewableEnergy #Sustainability #CleanEnergy
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We ended the first half of the year with a bang!⚡ Read our Q2 newsletter to see the significant progress that our growing team has made over the last 3 months! https://lnkd.in/dAZi4mdz Stay in the loop with all things Hydrostor by subscribing to "On the CAES”! Visit our website and join the #Hydrostor community. #SubscribeNow #RenewableEnergy #EnergyStorage #Sustainability
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“Hydrostor’s longer duration storage tech is ‘bankable’ today but ‘not every market is ready” said our CEO Curtis VanWalleghem, who recently spoke with Utility Dive’s Brian Martucci about Hydrostor's Advanced Compressed Air Energy Storage Technology (A-CAES) including its benefits, applications in enhancing grid reliability and resilience, and the future of energy storage markets. It is becoming increasingly clear that long duration energy storage systems like Hydrostor’s A-CAES technology will play a key role in shaping a sustainable and reliable energy future. 🌱💡 🔗 Read the full article: https://lnkd.in/gMvsXRgc? #EnergyStorage #Sustainability #Innovation #RenewableEnergy #TechBreakthrough #Hydrostor
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