Canadian global long duration energy storage (LDES) provider Hydrostor is expanding its operations in Australia with the opening of two new offices, with its Australian HQ being based in Melbourne, Victoria.
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Hydrostor’s global growth aspirations include the ongoing development of future Australian projects, and its Silver City Energy Storage Centre in Broken Hill, NSW.
Hydrostor currently employs 10 origination, project development and engineering team members in Australia and will grow this base substantially over the next 12 months.
Victoria’s Minister for Energy and Resources Lily D’Ambrosio said, “We’re proud that our ambitious climate agenda and nation-leading emissions reduction targets of 75-80% by 2035 and net zero by 2045 are attracting investment from companies from around the world.”
The Australian headquarters will open in July 2023, with a project office in Adelaide opening shortly thereafter, which will support the construction of Silver City.
Hydrostor CEO Curtis VanWalleghem said, “Hydrostor’s low-cost and emissions free technology delivers proven long duration energy storage. Compressed Air Energy Storage is a vital component of the clean energy transition to achieve net-zero emissions and we are committed to bringing low impact solutions to communities throughout Australia that firm’s intermittent renewable generation.”
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The Silver City Storage Centre will be a 100% owned 200MW/1,600MWh energy storage project—the first of its kind in Australia. Using Hydrostor’s patented Advanced Compressed Air Energy Storage (A-CAES) solution, Silver City will abate nearly 13 million metric tons of carbon dioxide over its lifetime, equivalent to removing more than 50,000 cars from the road each year of operation.
