TORONTO, CANADA, December 14, 2022 (GLOBE NEWSWIRE) — Hydrostor Inc. (Hydrostor), a leading long-term energy storage (LDES) solutions provider, today appointed David J. Hayes as a strategic advisor to its board of directors announced that it did. of the director. In this role, he will provide leadership and guidance as the board and management team continue to expand in his LDES markets across North America, Australia and internationally.
Most recently, Hayes served as Special Assistant to the President for Climate Policy in the Biden administration, addressing the issue of clean energy deployment. During this time, he was also a senior member of National Climate Advisor Gina McCarthy’s White House team that is pushing climate, conservation, and clean energy priorities for the Biden administration.
“David’s range of experience is exceptional and we are honored to have him join the Hydrostor team at this critical point in our growth,” said Judith (Judi) Johansen, Independent Director of Hydrostor. I’m here. “His career in renewable energy strategy and policy clearly reflects a knowledge and passion that aligns perfectly with Hydrostor’s strategic vision.”
Hydrostor Chief Executive Officer Curtis VanWalleghem said:
The announcement comes as Hydrostor’s Willow Rock project in California (500MW – 4,000MWh) and Silver City project in Australia (200MW – 1,600MWh) progress. Upon completion, Willow Rock will be one of the largest free-standing energy storage facilities in California, supporting the retirement of fossil fuel power generation and maximizing renewable energy integration. Silver City is one of the world’s largest renewable mini-grids and will support Australia’s national electricity market with dispatchable energy services, unlocking renewable energy in regions currently constrained by network capacity limitations. Both projects will provide network operators and customers with low-cost, highly reliable non-discharging capacity.
About Hydrostor Inc.
Hydrostor is a leading provider of large-scale, long-term energy storage solutions that support the energy transition to sustainable, low-impact, cost-effective and reliable power systems. Hydrostor is advancing a significant pipeline of projects internationally using its patented Advanced Compressed Air Energy Storage (A-CAES) technology. A-CAES (pronounced “case”) integrates compressed air, underground caverns and water with proven components from traditional mining and gas operations to create scalable energy storage systems. A-CAES has zero efficiency loss over a lifetime of 50+ years, is optimized for system sizes of 100 MW and above, and has a shelf life of 5 hours to several days. Hydrostor is backed by Goldman Sachs Asset Management, Canadian Pension Plan, Business Development Bank of Canada, Canoe Financial, Lorem Partners and ArcTern Ventures. Follow us on LinkedIn
For more information, please visit https://www.hydrostor.ca/.
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