Hydrostor secured $200 million in funding through a convertible note financing led by Canada Growth Fund Inc., Goldman Sachs, and CPP Investments to support its Advanced Compressed Air Energy Storage projects.
Amount Raised
$200 Million
Round Type
Convertible Note
TorontoEnergyRenewable EnergyInvestors
Description
Hydrostor has received a $200 million investment, including a $150 million convertible note and a $50 million development loan from leading investors. This funding will enable the company to pursue its energy storage projects in Canada and globally.
Quick answer
Hydrostor raised $200 Million in a Convertible Note round, dated February 13, 2025. Investors: Goldman Sachs Alternatives, Canada Pension Plan Investment Board and Canada Growth Fund Inc. Hydrostor is based in Toronto, Ontario, Canada.
- How much did Hydrostor raise?
- Hydrostor raised $200 Million in a Convertible Note round on February 13, 2025.
- Who invested in Hydrostor?
- Goldman Sachs Alternatives, Canada Pension Plan Investment Board and Canada Growth Fund Inc. are named as investors in this round.
- What does Hydrostor do?
- Hydrostor is a leading developer and operator of long duration energy storage systems.
- Where is Hydrostor based and how big is it?
- Hydrostor is based in Toronto, Ontario, Canada. Fundz records about 124 employees.
- Who are the decision-makers at Hydrostor?
- Fundz holds 1 contact at Hydrostor. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Hydrostor that raised within 45 days of this round, from Fundz verified event records.
Who to call at Hydrostor, and when
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- Who you already know at Hydrostor, from your own LinkedIn network
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