Richard Glick Joins Hydrostor As Special Advisor To The Board

Hydrostor Inc. (Hydrostor), a global long-duration energy storage (LDES) solution provider, announced the appointment of Richard Glick, former chair of the US Federal Energy Regulatory Commission (FERC), as a Special Advisor to the Hydrostor Board. Glick was nominated to serve on the FERC board by President Donald Trump in August 2017 and confirmed by the US Senate on November 2, 2017. He was subsequently designated to Chair the Commission by President Joseph Biden on January 21, 2021. His term expired on January 3, 2023.

Hydrostor is supporting the energy transition to sustainable, low-impact, cost-effective, and reliable electricity system. Hydrostor is advancing a significant pipeline of projects internationally using its patented Advanced Compressed Air Energy Storage (A-CAES) technology. A-CAES integrates compressed air, underground caverns, and water with components from traditional mining and gas operations to build scalable energy storage systems. According to Hydrostor, A-CAES experiences zero efficiency degradation over a 50+ year lifetime and is optimized for system sizes of 100 MWs and above with five hours up to multi-day storage duration. Hydrostor is backed by Goldman Sachs Asset Management, Canadian Pension Plan, Business Development Bank of Canada, Canoe Financial, Lorem Partners, and ArcTern Ventures.

Before joining the Commission, Glick held positions as General Counsel for the Democrats on the Senate Energy and Natural Resources Committee, and as Vice President of Government Affairs for Iberdrola’s renewable energy, electric and gas utility, and natural gas storage businesses in the United States. Glick previously served as a Director of Government Affairs for PacifiCorp, a major US utility. Prior to that, he was a Senior Policy Advisor to US Energy Secretary Bill Richardson, and before that was Legislative Director and Chief Counsel to US Senator Dale Bumpers of Arkansas.

“Long Duration Energy Storage infrastructure is going to play an increasingly critical role in the transition to a reliable clean energy future. I look forward to working with Hydrostor’s Board of Directors in supporting the growth of the company’s low-impact energy storage technology at a large scale,” said Glick.

“We are thrilled to welcome Glick as Special Advisor to the Hydrostor Board and look forward to the decades of diverse and extensive industry, government, and regulatory experience and knowledge he will bring in this role,” said Hydrostor Chief Executive Officer Curtis VanWalleghem.

Glick will be joining a group of experts advising Hydrostor on the development of its proprietary Advanced Compressed Air Energy Storage solution, including David J. Hayes, Former Special Assistant for Climate Policy to US President Biden. Hydrostor’s Advisory Board was established in late 2022:

• James P. Avery, Board Director, Western Electricity Coordinating Council (WECC); former Chief Development Officer, San Diego Gas & Electric
• Mark W. Maher, Former Trustee, Southwest Power Pool Regional Entity; former CEO, WECC; former Vice President, Transmission Services, PacifiCorp; former Senior Vice President, Bonneville Power Administration and former member, Governor’s Energy Policy Committee, Oregon
• Eric Redman, CEO, Sustainable Syngas LLC; Chief Experience Officer and General Counsel, Sustainable Energy Ventures LLC; US board member Global Carbon Capture & Storage Institute; Senior Policy Fellow for Deep Decarbonization Initiative, School of Global Policy & Strategy, University of California San Diego; Graduate of Harvard College, Oxford University, and Harvard Law School