storage

Hydrostor Secures Funding to Advance Long Duration Energy Storage in Canada

 Hydrostor, a long duration energy storage solution provider, announced it has received funding from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada to pursue the development of a 300-500 MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
Hydrostor Secures Funding to Advance Long Duration Energy Storage in Canada
The Goderich A-CAES Facility, located in Goderich, Ontario, Canada

Approximately $4M has been committed to the project with support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, employing the people, suppliers, and technologies from the oil and gas sector.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction. The project will be modeled on the success of Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of long duration energy storage.

Seamus O’Regan, Jr. Minister of Natural Resources, said, “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said, “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector.”

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).