Jason Plautz writes in Utility Dive about a new investment in long-duration energy storage.
- Hydrostor is a Toronto-based long-duration energy storage company that has just received $250 million in investments from Goldman Sachs.
- The company uses innovative advanced compressed air energy storage that stores energy in underground caverns and rock formations.
- Hydrostor’s technology will hit U.S. markets with two late-stage projects in California scheduled to be completed soon.
Read the full article here.