About Hydrostor
Hydrostor is a company based in Toronto (Canada) founded in 2010 by Cameron Lewis and Curtis Vanwalleghem. Hydrostor has raised $614.85 million across 12 funding rounds from investors including Goldman Sachs, CPP Investments and BDC. Hydrostor offers products and services including A-CAES Technology. Hydrostor operates in a competitive market with competitors including Form Energy, Ambri, Verkor, Northvolt and Cheesecake Energy, among others.
- Headquarter Toronto, Canada
- Founders Cameron Lewis, Curtis Vanwalleghem
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$614.85 M (USD)
in 12 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Feb 13, 2025
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Investors
Goldman Sachs
& 11 more
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Employee Count
Not available
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Products & Services of Hydrostor
Hydrostor offers a comprehensive portfolio of products and services, including A-CAES Technology.
Provides long duration storage using compressed air and caverns
People of Hydrostor
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Software Development Team
6 people
Product Management Team
5 people
Board Team
4 people
Leadership Team
4 people
Finance and Accounting
4 people
Chairman Team
1 people
Human Resources and Administration
1 people
Data Analysis and Operations Team
1 people
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Funding Insights of Hydrostor
Hydrostor has successfully raised a total of $614.85M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Hydrostor
Hydrostor has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, CPP Investments and BDC.
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A fund focused on catalyzing private investments in Canadian projects.
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Investment banking services are delivered across multiple financial sectors.
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Investor details for Hydrostor
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Hydrostor
Investment portfolio details for Hydrostor
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Hydrostor
Detailed financials for Hydrostor
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- Historical revenue
- Profit trends
- Statement rows
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Hydrostor Comparisons
Peer comparison for Hydrostor
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of Hydrostor
Hydrostor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Form Energy, Ambri, Verkor, Northvolt and Cheesecake Energy, among others.
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Iron-air energy storage systems are developed for renewable energy projects.
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Liquid metal batteries are provided for long-duration energy storage.
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Lithium-ion batteries for electric vehicles are manufactured and optimized.
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Solutions for compressed air energy storage systems are provided.
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Detailed competitors of Hydrostor
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Latest news on Hydrostor
Complete news archive for Hydrostor
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Frequently Asked Questions about Hydrostor
Hydrostor was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Hydrostor is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Esther Pinto is the current CEO of Hydrostor.
Hydrostor is a funded company, having raised a total of $614.85M across 12 funding rounds to date.
Founded in 2010 and based in Toronto, Canada, Hydrostor operates in the energy storage sector. Electricity is converted into compressed air, which is stored under pressure in underwater accumulators. Water is displaced during storage, and the process is reversed when power is required, allowing water pressure to drive air back to the surface and generate electricity through turbines. Operations focus on grid-scale energy solutions across North America.
Hydrostor's top competitors include Form Energy, Northvolt and Ambri.
Hydrostor offers A-CAES Technology.
Hydrostor has 12 investors. Key investors include Goldman Sachs, CPP Investments, BDC, Goldman Sachs Asset Management, and Canada Growth Fund.