A roundup of long-duration energy storage (LDES) news from around the world this week.

Advanced compressed air energy storage (A-CAES) technology firm Hydrostor has signed a binding agreement with mining firm Perilya to progress the construction of a project in New South Wales, Australia.

Another serving of news in brief from around the world in energy storage.

Compressed air long-duration energy storage (A-CAES) solution provider Hydrostor has chosen Kiewit to provide engineering and design studies for its 500MW Willow Rock Energy Storage Center in California, US.

Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.

Hydrostor believes it can get three advanced-compressed air energy storage (A-CAES) projects totalling 1.1GW/8.7GWh built in California and Australia by 2026, but regulators elsewhere need to remove barriers for A-CAES and other long-duration storage technologies to thrive, the company’s CEO has said.

The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

Advanced compressed air energy storage (A-CAES) company Hydrostor has made its second application to license a gigawatt-hour scale project as a power plant with the California Energy Commission (CEC).  

Approval is being sought for a 400MW advanced compressed air energy storage (A-CAES) project with eight hours of storage to be built in California by technology provider Hydrostor.