Canadian pension fund invests US$25m in compressed air storage provider Hydrostor

• We have secured a US$25 million investment from Canada Pension Plan Investment Board (CPP), following a previous investment of US$250 million from Goldman Sachs.
• This funding will support our development, construction, and operation of advanced compressed air energy storage (A-CAES) facilities.
• CPP’s Managing Director, Bruce Hogg, sees our solutions as vital for grid decarbonization.
• Hydrostor aims to complete its 8.7GWh storage projects in California and Australia by 2026, contingent on regulatory changes.
• The company’s revenue model includes capacity contracts, arbitrage, and ancillary services.

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