Deals Counterparts

Goldman Sachs Invests in Hydrostor's Advanced Compressed Air Energy Storage (A-CAES) Project

Investment Compressed Air Energy Storage announced Canada Apr 2, 2024
500 MW
Capacity
development
Stage

Goldman Sachs Asset Management made a strategic investment in Hydrostor, a developer of Advanced Compressed Air Energy Storage (A-CAES) projects. The investment will support the development and deployment of Hydrostor's energy storage technology.

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Source Intelligence

KEY DETAILS

Hydrostor's technology can deliver up to 500MW for 8 hours or more. Quote: Deliver up to 500MW for 8 hours or more on a compact, flexibly sited footprint

Capacity
Delivering 500 MW (4,000 MWh) of dispatchable energy when and where it’s needed most
Location
500 MW | 8+ hours $1.1 billion (CAD) in regional economic impact Lennox & Addington County, ON
PARTIES MENTIONED IN SOURCE
G
Goldman Sachs Asset Management investor

"Hydrostor secures investment from Goldman Sachs Asset Management"

H
Hydrostor developer

"Hydrostor secures investment from Goldman Sachs Asset Management"

medium quality Enriched Feb 19, 2026

Timeline

Announced
Apr 2, 2024
Signed
Closed

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