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Hydrostor Brings on Former Shell Executive, Glenn Wright, as New Member of Board of Directors

1. Glenn Wright joins Hydrostor's Board, enhancing its strategic expertise. 2. Wright previously led Shell’s integrated gas and renewables business. 3. Hydrostor is expanding energy storage projects, including those in California. 4. Wright's experience in renewable energy will support Hydrostor's growth. 5. Hydrostor's technology improves access to clean energy through storage solutions.

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FAQ

Why Bullish?

Glenn Wright's extensive experience may positively influence Hydrostor's operations and strategies, indirectly benefiting Shell as they explore similar sectors. Historical trends show that leadership changes in emerging energy sectors tend to enhance company performance.

How important is it?

Wright’s background with Shell and his role at Hydrostor may create synergies beneficial to Shell's business model in the renewable energy space, increasing the relevance of this news for SHEL investors.

Why Long Term?

The effect of Wright's appointment will unfold as Hydrostor progresses in its projects, potentially impacting Shell as clean energy initiatives mature and influence market dynamics over time.

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-New member of Hydrostor Board of Directors Glenn Wright will bring key experience from Shell, where he led the company’s integrated gas and renewables business TORONTO--(BUSINESS WIRE)--Hydrostor, a leading global long duration energy storage (LDES) developer and operator, is pleased to announce that Glenn Wright will join its Board of Directors following its annual shareholders meeting in September. “We’re excited to have Glenn join our team at such a critical juncture, as our Silver City and Willow Rock projects are nearing beginning of construction, and our project development pipeline continues to expand and mature,” said Curtis VanWalleghem, Hydrostor Founder and CEO. “Glenn brings critical power industry knowledge that will help us continue to grow our offerings.” Wright joins Hydrostor’s Board of Directors with over 30 years of experience in energy. In his 27 years with Shell he held a number of roles, including President & CEO of Shell New Energies US LLC and Senior Vice President of Shell Renewables & Energy Solutions, where he led the integrated power and gas businesses across North and South America. Wright’s portfolio included renewable energy development, energy storage, customer energy solutions, and retail operations. Previously, he was the Senior Vice President of Shell Energy, Americas, and President & CEO of Shell Energy North America. He came to those roles after an eight-year stint as General Manager of Power Trading at the company. “I am thrilled to join Hydrostor as a non-executive director. Hydrostor is an innovative company with demonstrated technology that fills a critical void in long-duration energy storage,” said Glenn Wright. “I look forward to contributing to its continued success in advancing sustainable energy solutions.” Wright is currently a Trustee & Investment Committee member at the Georgia Tech Foundation, and an Advisor at the University of Texas at Austin’s College of Engineering – all roles he has held since 2022. He holds a bachelor’s degree in chemical engineering from the Georgia Institute of Technology, a Doctor of Philosophy (PhD) in Chemical Engineering from the University of Texas at Austin, and a Master of Business Administration (MBA) from the University of Texas at Austin. About Hydrostor Inc. Hydrostor is a leading developer and operator of long duration energy storage systems. Hydrostor leverages a proven technology solution for delivering long duration energy storage (eight hours or more) to power grids around the world. Hydrostor’s technology uses compressed air and water to store energy. This patented technology allows grid operators to draw on clean energy, even when there is no sun to fuel solar panels and no wind to generate energy from turbines. Hydrostor has a successful utility scale facility commercially contracted to the Independent Electricity System Operator (IESO) located in Goderich, Ontario, and two advanced projects under development in Kern County, California and New South Wales, Australia. Hydrostor has an extensive pipeline of early-stage projects in North America, Australia, and Europe. Founded in 2010 and with headquarters in Toronto, Canada and offices in Melbourne, Australia, and Denver, USA, Hydrostor is backed by Goldman Sachs Alternatives, CPP Investments, Canada Growth Fund, and other forward-thinking institutional investors, providing financial security to commit to top-tier energy projects. Follow us on LinkedIn. To learn more, visit https://www.hydrostor.ca/. More News From Hydrostor Inc.

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