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INVESTOR · TORONTO, CANADA
Canadian pension investor backing Hydrostor.
Projects
1
0 operating
Buys from
0
projects
Funds
1
projects with its money
Money in
$300M
project-specific, disclosed
Builds
0
as developer
Coming up
POLICY45Y / 48E: all other clean power and storage
Full credit for projects beginning construction through 2033; 75% for 2034 starts, 50% for 2035, none from 2036. Affects Willow Rock Energy Storage Center.
+ THESISFUNDINGHydrostor: Hydrostor closes US$230M equity investment for A-CAES pipeline
Hydrostor secured a $230M USD equity investment, including previously announced convertible-note funding from Canada Growth Fund, Goldman Sachs Alternatives and CPP Investments, plus a strategic round with Baker Hughes, Hatch and Realize Capital Partners. Proceeds fund the 7 GW global pipeline and Willow Rock financial close later in 2026.
hydrostor.ca →+ THESISPROJECT · WILLOW ROCK ENERGY STORAGE CENTERGroundbreaking (planned mid-2026)
Rosamond, Kern County, CA
utilitydive.com →+ THESISLICENSING · WILLOW ROCK ENERGY STORAGE CENTERCalifornia Energy Commission final license
Rosamond, Kern County, CA
utilitydive.com →+ THESISFUNDING · WILLOW ROCK ENERGY STORAGE CENTEREquity: Goldman Sachs Asset Management; CPP Investments$300M
Closed · Company-level backing (over $300M) plus committed project equity
energy-storage.news →+ THESISFUNDING · WILLOW ROCK ENERGY STORAGE CENTERDOE loan: DOE Loan Programs Office$1.8B
Under review · Conditional commitment for a loan guarantee; placed under review after the Jan 2025 change of administration
energy-storage.news →+ THESISPROJECT · WILLOW ROCK ENERGY STORAGE CENTERDOE conditional commitment up to $1.76B
Rosamond, Kern County, CA
energy-storage.news →+ THESISPublic $0Private $300M
Recent
Coming up
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Developers it backs
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STEP 2/4 · AT RISK Willow Rock's $1.76B conditional loan in limboThe project is permitted but its federal loan guarantee is still under review.
Policy that applies