The Globe and Mail reports in its Tuesday, Feb. 18, edition that Hydrostor, a Toronto-based energy storage developer, has secured $200-million (Canadian) in financing from the Canada Growth Fund, Goldman Sachs and the Canada Pension Plan Investment Board to advance projects planned for Australia, California and Eastern Ontario. The Globe's Jeffrey Jones writes that the new capital, structured as convertible debt, marks the second significant investment in Hydrostor by Goldman Sachs and CPP, while also incorporating the Canada Growth Fund -- Ottawa's initiative for investing in green projects alongside private venture capitalists. Hydrostor has been working for several years to start construction on over $2-billion (U.S.) in projects utilizing its Advanced Compressed Air Energy Storage technology. The goal is to enhance renewable electricity generation by storing energy for use when solar and wind resources are low. The financing includes $150-million (U.S.) in convertible notes from the group. Canada Growth Fund is offering an additional $50-million (U.S.) loan facility to fund some of the costs of a planned 500 mega-watt/4,000 megawatt-hour development near Kingston called the Quinte Energy Storage Centre project.