When was Hydrostor founded?

Hydrostor was founded in 2010 and raised its 1st funding round 6 years after it was founded.

Where is Hydrostor located?

Hydrostor is headquartered in Toronto, Canada.

Who is the current CEO of Hydrostor?

Esther Pinto of Hydrostor. They have also founded 1 company.

How many employees does Hydrostor have?

As of Jul 31, 2026, the latest employee count at Hydrostor is 135.

Is Hydrostor a funded company?

Hydrostor is a funded company, having raised a total of $795M across 13 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Nov 16, 2016.

When was the latest funding round of Hydrostor?

Hydrostor's latest funding was a $***** Series E round on Aug 13, 2026, with participation from 6 investors. Its primary sector is Energy Storage Tech. In Canada, the Energy Storage Tech sector has seen $381M in funding in 2026 to date.

Where does Hydrostor rank among its competitors?

Hydrostor ranks 7th amongst 226 active competitors, of which 59 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Hydrostor, which secured $230M in Aug, 2026.

Who are the top competitors of Hydrostor?

Hydrostor's top competitors include Northvolt, Form Energy and Amperehour Solar Technology. Among them, Hydrostor secured the most recent funding round in August, 2026.

Hydrostor - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of advanced compressed air energy storage for grid applications. The company provides long-duration energy storage solutions, leveraging compressed air stored in underground caverns. When power is needed, the process is reversed to dispatch energy. The technology offers a reliable and cost-effective alternative for large-scale energy storage. The company’s systems are designed to match grid requirements and provide essential grid services.

Website: hydrostor.ca
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Key Metrics

Founded Year

2010

Location

Toronto, Canada

Stage

Series E

Total Funding

$795M in 13 rounds

Latest Funding Round

Series E, Aug 13, 2026, $*****

Investors

Canoe Financial & 20 more

Ranked

7^th among 226 active competitors

Employee Count

135 as on Jul 31, 2026

Similar Companies

Augwind & 40 more

View Hydrostor's full profile

Hydrostor has raised a total funding of $795M over 13 rounds. Its first funding round was on Nov 16, 2016. Its latest funding round was a Series E round on Aug 13, 2026 for $*****. 6 investors participated in its latest round. Hydrostor has 21 institutional investors.

Here is the list of recent funding rounds of Hydrostor:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 13, 2026	1611728	Series E	5816569	8071151	7769132	3861339
Feb 13, 2025	6742921	Series D	6282733	5692346	7395920	Canada Growth Fund & 2 more
Feb 13, 2025	5936347	Conventional Debt	9623414	5173817	3587557	Canada Growth Fund

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View details of Hydrostor's funding rounds and investors

The founders of Hydrostor are Yannick Beaudoin, Esther Pinto and Cameron Lewis. Esther Pinto is the CEO of Hydrostor.

Here are the details of Hydrostor's key team members:

Yannick Beaudoin: Director - External Communications of Hydrostor.
Esther Pinto: President & CEO of Hydrostor.
Cameron Lewis: Co-Founder of Hydrostor.
Contact Info: 1 email address

View details of Hydrostor's Founder profiles and Board Members

Hydrostor's employee count trend

Hydrostor has 135 employees as of Jul 26. Here is Hydrostor's employee count trend over the years:

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Top competitors of Hydrostor include Northvolt, Form Energy and Amperehour Solar Technology. Here is the list of Top 10 competitors of Hydrostor, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Northvolt Stockholm (Sweden), Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	Goldman Sachs, Volkswagen & 52 others	71/100
2nd	Form Energy 2017, Somerville (United States), Series G	Clean energy technology platform developing long-duration iron-air battery systems	$2B	T. Rowe Price, ArcelorMittal & 45 others	69/100
3rd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
4th	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$129M	Nippon Gases, Sompo & 37 others	64/100
5th	Noon 2018, Palo Alto (United States), Series A	Provider of solutions for flow batteries	$31M	Clean Energy Ventures, Aramco Ventures & 14 others	64/100
6th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
7th	Hydrostor 2010, Toronto (Canada), Series E	Developer of advanced compressed air energy storage for grid applications	$795M	Goldman Sachs, Canada Growth Fund & 19 others	60/100
8th	Field Energy 2020, London (United Kingdom), Series D	Developer of battery storage systems for renewable energy grid infrastructure	$295M	DIF, Giant Ventures & 4 others	59/100
9th	REPLUS Engitech 2018, Pune (India), Funding Raised	Provider of lithium-ion battery and energy storage solutions	-	Bharat Investment Growth	58/100
10th	Amber Kinetics 2009, Union City (United States), Series C	Innovative flywheel energy storage systems for a sustainable energy future	$25M	Elemental, OSTI	58/100