Startup · $45m raised
Melbourne
Every investor coverage indicates participated in a round Hydrostor raised.
| Investor | Rounds | Invested |
|---|---|---|
| ARENA | Grant | $45,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $45,000,000 |
Companies Hydrostor acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Curtis VanWalleghem | CEO | @AuManufacturing, ARENA, RenewEconomy (Tue 11 Jan 2022), RenewEconomy (Mon 23 Sep 2019) |
| Jon Norman | President | RenewEconomy |
| Sara Taylor | Director of Regulatory and Government Affairs | RenewEconomy (Wed 22 May 2024), RenewEconomy (Tue 12 Dec 2023) |
Stories naming Hydrostor. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Opinion piece by Hydrostor's regulatory affairs director arguing Australia's Capacity Investment Scheme should do more to incentivise long-duration storage, pointing to the company's Broken Hill project and reliability risks.
A rolling roundup of Australian energy-sector job moves, listing dozens of executives, directors and ministers joining or leaving utilities, regulators, developers and industry bodies between May and December 2023.
The renewable energy agency announced backing for two storage projects: a feasibility study at AGL's Torrens Island station and conditional funding for Hydrostor's compressed air project at Broken Hill.
Also RenewEconomy
ARENA grants Hydrostor $6 million for Australia's first compressed air energy storage project at a disused South Australian zinc mine, which also received $3 million from the South Australian Government's Renewable Technology Fund.
Canadian compressed air storage developer Hydrostor has secured a US$250 million preferred equity commitment from Goldman Sachs Asset Management, funding its Australian and California projects and expanding its global long-duration energy storage pipeline.
Opinion piece by Hydrostor and Energy Estate executives arguing compressed air storage can serve Australia's grid, citing Hydrostor's financing round with Meridiam, its Broken Hill project, and overseas storage investments.
Compressed-air storage developer Hydrostor Australia has received part of a New South Wales feasibility grant pool for a Broken Hill mine study, while its South Australian plant progresses; Solar Analytics also received a grant.
Canadian compressed-air storage developer Hydrostor has raised US$37 million from Baker Hughes and Meridiam to advance its South Australian Angas project, which earlier received grants from ARENA and the state government.