Toronto, Canada, July 22. 12, 2022 (GLOBE NEWSWIRE) — Hydrostor Inc. (“Hydrostor”), a leading provider of long-term energy storage solutions, today announced the appointment of Judith (Judi) Johansen as a member independent of the board of directors.
Ms. Johansen joins Hydrostor with extensive experience in the energy sector. Between 2001 and 2006, she was President and Chief Executive Officer of PacifiCorp, where she was responsible for regulated power generation, wholesale energy services, mining, transmission and distribution businesses. Prior to PacifiCorp, she held executive positions at Bonneville Power Administration and Avista Energy (formerly Washington Water Power). Ms Johansen was also an executive director at Scottish Power between 2003 and 2012.
Ms. Johansen holds a BA in political science and a JD in law and currently sits on the boards of several organizations, including the publicly traded power company, IDACORP.
“We are very pleased to have Judi join our board of directors,” said Curtis Van Wallenghem, Hydrostor’s president and CEO. “His experience in the energy sector in North America and Europe will be extremely valuable as Hydrostor continues to develop its pipeline of advanced compressed air energy storage projects globally. Judi is also a great cultural complementarity with a real passion for leading the energy transition.
Hydrostor is a long-duration energy storage solutions provider that provides reliable and affordable integration of long-duration energy storage, enabling grid operators to scale renewables and secure grid capacity. Hydrostor supports the green economic transition by employing people, suppliers and technology from the traditional energy sector to design, build and operate emission-free energy storage facilities. Hydrostor has developed, deployed, tested and demonstrated that its patented Advanced Compressed Air Energy Storage (“A-CAES”) technology can provide long-lasting energy storage and enable the transition to renewable energy. A-CAES uses proven components sourced from mining and gas operations to create a scalable energy storage system that is low impact, cost effective, has a lifespan of over 50 years and can store energy from 5 hours to several days if necessary. With backing from Goldman Sachs Asset Management, CPP Investments and BDC Canada, Hydrostor has projects around the world in various stages of development to deliver capacity in excess of 200 MW each.