Tech Company Financing Transactions
Hydrostor Funding Round
Canada Growth Fund, Canada Pension Plan Investment Board and Goldman Sachs participated in a $200 million funding round for Hydrostor. The round was announced on 2/14/2025.
Transaction Overview
Company Name
Announced On
2/14/2025
Transaction Type
Debt
Amount
$200,000,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to support its continued investment in Advanced Compressed Air Energy Storage (A-CAES) projects in Canada and around the world.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
333 Bay Street 520
Toronto Ontario, M5H2R2
Canada
Toronto Ontario, M5H2R2
Canada
Phone
Website
Email Address
Overview
We're a leading global developer and operator of long duration energy storage projects, with a team of dedicated clean energy professionals committed to a proven proprietary technology that can cut carbon pollution at scale. Our proprietary A-CAES technology integrates compressed air, purpose-built hard-rock caverns, and water with proven components from traditional mining and gas operations to provide a low-impact and low-cost energy storage solution for 8 hours to multi-day durations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Curtis VanWalleghem
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here are derived from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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