Hydrostor Announces Close of US$37 Million Growth Financing
BAKER HUGHES A GE CO (BHGE)
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Source: GlobeNewswire
TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. The Goderich A-CAES Facility is the first commercial Advanced Compressed Air Energy Storage (A-CAES) facility in the world. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects, has formed a strategic partnership to support the origination and development of Hydrostor projects. Elisabeth Hivon, partner at Meridiam, has joined Hydrostor’s Board of Directors. Renewable energy developer and independent power producer Elemental Energy parti
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