What is Hydrostor?
Hydrostor is at the forefront of addressing the critical need for reliable, long-duration energy storage. Their patented technology provides solutions for power grids worldwide, enabling them to store energy for eight hours or more. This capability is crucial for grid stability and the integration of renewable energy sources, ensuring power availability even when renewable generation is low. The company's approach offers a sustainable and scalable method for energy storage, positioning it as a key player in the transition to a cleaner energy future.
How much funding has Hydrostor raised?
Hydrostor has raised a total of $319M across 4 funding rounds:
Grant
$4M
Private Equity
$10M
Private Equity
$250M
Other Financing Round
$55M
Grant (2021): $4M with participation from Natural Resources Canada
Private Equity (2021): $10M led by BDC
Private Equity (2022): $250M supported by Goldman Sachs
Other Financing Round (2025): $55M featuring Export Development Canada
Key Investors in Hydrostor
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management. Known for its influential role in global capital markets, Goldman Sachs also engages in risk management, financing, and strategic advisory services worldwide.
Export Development Canada
Export Development Canada was founded in 1944. This company provides risk management, secure financing and working capital services. Their headquarters are located in Ottawa, Ontario, Canada.
BDC
BDC Business Development Bank of Canada, founded in 1944 and headquartered in Montreal, Quebec, provides a wide range of financial and consulting services to small businesses, concentrating on technology and exporting.
What's next for Hydrostor?
With substantial enterprise-level backing, Hydrostor is poised for significant expansion and technological advancement. The recent capital injection will likely fuel the scaling of its operations, further development of its patented energy storage technology, and the expansion into new global markets. This strategic investment signals strong confidence in Hydrostor's business model and its potential to revolutionize grid-scale energy storage, contributing to a more resilient and sustainable energy infrastructure.
See full Hydrostor company page
