Goldman Sachs Invests in Hydrostor's Advanced Compressed Air Energy Storage (A-CAES) Project
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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Counterparts (2)
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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
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Capacity
Delivering 500 MW (4,000 MWh) of dispatchable energy when and where it’s needed most
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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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