The main value of gas storage has traditionally focused on security of supply, ensuring people can continue heating their homes in the event of a cold spell or a sudden supply cut. That is due to change in the coming years as energy companies compete for new ‘flexibility’ services in a hybrid energy system combining gas and electricity.
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The evolving role of gas storage in Europe
Departing from its usual supply security role, gas storage is vying for a central position in Europe’s vision of a hybrid energy system combining renewable electricity and low-carbon gases like hydrogen. But getting there won’t be a smooth run and regulators are watching closely.
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Gas storage vies for central role in EU quest for carbon neutrality
European gas storage sites have much to offer in the energy transition, providing a readily available platform to carry new low-carbon gases like hydrogen. What’s not clear yet is whether those gases can be produced in sufficient quantity to significantly cut carbon emissions.
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Academic: Gas storage has ‘big potential’ in Europe’s low-carbon future
Boasting 1,200 terawatt hours (TWh) of existing capacity, gas storage sites can be a formidable asset for Europe in the transition to a low-carbon economy, providing much-needed flexibility to a future energy system where gas and electricity will be more closely integrated, says Ilaria Conti.