Vienna EK launches new energy storage system

How will rag Austria develop a hydrogen storage facility in 2025?

Under the leadership of RAG Austria AG, safe, seasonal and large-volume storage of renewable energy sources in the form of hydrogen in underground gas storage facilities will be developed by 2025 in cooperation with numerous corporate and research partners1.

What are energy storage systems?

Efficient and reliable energy storage systems are central building blocks for an integrated energy system based 100% on renewable energy sources.

Is Austria a good place to invest in energy storage?

Austria has already gained major technological expertise in the field of electricity and heat storage. Numerous Austrian companies (including mechanical engineering, assembling and engineering as well as research and development) are already working on solutions for energy storage.

How much does a photovoltaic battery storage system cost in Austria?

The total inventory of photovoltaic battery storage systems in Austria therefore rose to 11,908 storage systems with a cumulative usable storage capacity of approx. 121 MWh. For 2020, a price of around € 914 per kWh of usable storage capacity excl. VAT was charged for PV storage systems installed as turnkey solutions.

How can electricity be stored?

Electrical energy can be stored mechanically (e.g. pumped storage, compressed air storage), electrochemically (classic battery), chemically (e.g. conversion of electricity into hydrogen/methane), electrically (magnetic storage) and also thermally.

Can energy storage systems be used in practical operations?

Innovative storage technologies and new fields of application for the use of energy storage systems are being researched and demonstrated in practical operations as part of national and international research and development activities.