Startup · $45m raised
Melbourne, OS
Every investor coverage indicates participated in a round Hydrostor raised.
| Investor | Rounds | Invested |
|---|---|---|
| ARENA | Grant | $45,000,000 |
| Australian Renewable Energy Agency | 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, RenewEconomy |
| Sara Taylor | Director of Regulatory and Government Affairs | RenewEconomy (22 May 2024), RenewEconomy (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
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.