DENVER, COLORADO, 30 MAY 2024 – Hydrostor, a global long duration energy storage (LDES) developer and operator, has announced the opening of their U.S. headquarters in Denver, Colorado. Hydrostor intends to hire 20 additional full-time employees based in the state before the end of 2024, growing its U.S. headquarters office to more than 30 people. The Denver office will serve as Hydrostor’s strategic hub in the U.S. as the company expands its pipeline of projects.
“We’re excited to call the Mile High City our U.S. headquarters,” said Tom Duckett, Hydrostor’s Chief Development Officer, headquartered in Denver. “This city has a great pool of talent, especially in the energy industry, and we’re excited to expand our strong U.S. presence to grow our project pipeline.”
Curtis VanWalleghem, Hydrostor CEO and Co-Founder, said “Denver is the ideal place for Hydrostor to plant our flag in the U.S., with its proximity to our late-stage Willow Rock project in California, and to our broader pipeline of U.S. projects in Arizona, California, Colorado, Nevada, and New York.”
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Hydrostor’s Advanced Compressed Air Energy Storage (A-CAES) technology has the capability to revolutionize the power grid, enabling emissions free electricity when renewable sources aren’t available, and bolstering the reliability of the electricity system when it is most needed.
Hydrostor plans to hire 20 more full-time employees based out of its Denver office by the end of the year, expanding the office to more than 30 full-time employees. Many of these hires will be engineers and construction and project experts on our Development and Technology teams to assist with the build-out of existing late-stage and pipeline projects.
About Hydrostor Inc.
Hydrostor is a leading developer and operator of long duration energy storage systems. Hydrostor leverages a proven technology solution for delivering long duration energy storage (eight hours or more) to power grids around the world, using compressed air and water to store energy. This patented technology allows grid operators to draw on clean energy, even when there is no sun to fuel solar panels and no wind to generate energy from turbines.
Hydrostor has a successful utility scale facility commercially contracted to the Independent Electricity System Operator (IESO) located in Goderich, Ontario, and two advanced projects under development in Kern County, California and New South Wales, Australia. Hydrostor has an extensive early-stage pipeline of projects in North America, Australia, and Europe.
Hydrostor was founded in 2010 and is headquartered in Toronto, Canada, with offices in Sydney, Australia; Melbourne, Australia; and Denver, USA. Hydrostor is backed by Goldman Sachs Asset Management, the Canada Pension Plan Investments, and other forward-thinking institutional investors.
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Emily Smith
Hydrostor – Director of Media Relations
emily.smith@hydrostor.ca
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