Hydrostor’s Compressed Air Energy Storage Selected as

Toronto, Canada, May 26, 2022 (GLOBE NEWSWIRE) — Hydrostor Australia Holding Pty Ltd, a subsidiary of Hydrostor Inc. (“Hydrostor”), a leading long-duration energy storage solution provider, today announced that TransGrid, New South Wales’ largest transmission operator, published its Project Assessment Conclusions Report (“PACR”) that identifies the 200MW/1,500MWh Silver City Energy Storage Centre (“Silver City”) as the preferred option to provide back-up power supply for the city of Broken Hill. Silver City is being developed in partnership with Australian developer Energy Estate, using Hydrostor’s Advanced Compressed Air Energy Storage (“A-CAES”) solution. A-CAES provides equivalent reliability, scale, duration, and operating life as pumped hydro storage, but with greater siting flexibility and utilizing up to 10x less water and 20x less land. …

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