Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.
The energy transition arm of Italy’s Enel Group has started construction on a 20MW/40MWh behind-the-meter battery energy storage system at Imperial Oil’s petrochemical complex in Sarnia, Ontario, which it claims will be the largest in North America.
Power company TransAlta has made an application to regulators seeking approval of a large-scale battery storage system in Alberta, Canada, which will be charged from hydroelectric generation.
Hydrostor CEO Curtis VanWalleghem talks advanced compressed air energy storage and how Goldman Sachs Asset Management came to invest US$250m in his company.