Hydrostor secures financing to complete Australia’s first compressed air storage facility
Canada’s Hydrostor has closed US$37 million (AU$54,6 million) in growth financing. The company plans to use the funding to complete construction of the 5 MW/10 MWh Angas Project in South Australia and to advance its 2 GW pipeline of large-scale advanced compressed air energy storage projects.
Australia’s first compressed air energy storage facility gets go-ahead
The South Australian government has given its tick of approval for the development of a 5 MW/10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine.
Disused zinc mine transforms into clean energy hub with compressed air storage
In an Australian first, Canada’s Hydrostor is delivering a 5 MW / 10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine in South Australia.
