Hydrogen Storage System: New Storage Facility
- Himanshu Patni
- November 18, 2023
- ENERGY & POWER, NEWS
- Hydrogen Storage System Market, Hydrogen Storage System Market Forecast, Hydrogen Storage System Market Share, Hydrogen Storage System Market Trends
- 0 Comments
Hydrogen storage systems are an important area of research and development for many companies, governments, and organizations around the world. In recent years, there have been several significant developments and trends in the field of hydrogen storage systems, including new technologies, investments, and initiatives. For Instance: researchers have been working on developing new materials that can store hydrogen more efficiently and cost-effectively, such as metal-organic frameworks (MOFs) and graphene-based material.
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Recent Developed Hydrogen Facility by Key Players:
In 2022, German utility Uniper aims to construct a hydrogen salt-cavern storage pilot project after being awarded a €2.375m ($2.43m) grant by the state government of Lower Saxony. The project aims to store up to 250,000 cubic meters of green hydrogen by 2024 at a disused natural gas storage facility in Krummhörn, northwest Germany.
In addition, In 2021, SSE Thermal and Equinor developing plans for hydrogen storage facilities at Aldbrough on the East Yorkshire coast. The facility could be storing low-carbon hydrogen as early as 2028.
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Conclusion
A significant trend in the hydrogen energy field is the creation of new hydrogen storage facilities by major players. These investments indicate the increasing interest in hydrogen as a clean energy source and the potential for hydrogen storage systems to facilitate the use of hydrogen as a fuel. With the continued expansion of hydrogen energy, it is expected that more investments in the development of new hydrogen storage facilities will occur in the future. According to the Universal Data Solutions analysis, the surge in the development of hydrogen facilities is driven by the global scenario of hydrogen solar system. As per their “hydrogen storage system Market” report, the global market is at a CAGR of 12.2% during the forecast period from 2023 – 2030 to reach USD XX billion by 2030.
