RWE Gas Storage West Initiates Market Survey for Future Hydrogen Storage Demand

RWE Gas Storage West Initiates Market Survey for Future Hydrogen Storage Demand

(IN BRIEF) RWE Gas Storage West has launched an initial market survey to gauge future demand for hydrogen storage until June 2024, targeting hydrogen producers, users, industrial companies, and traders. Recognizing hydrogen’s pivotal role in the energy transition, the company aims to design future storage facilities aligned with the evolving hydrogen market needs, leveraging hydrogen’s potential as a clean, storable, and transportable energy carrier. This non-binding inquiry will inform investment planning, allowing RWE Gas Storage West to develop customized storage capacities tailored to the requirements of interested parties. The initiative aligns with RWE’s development of an industrial-scale hydrogen storage facility in Gronau-Epe, North Rhine-Westphalia, for which funding under the “IPCEI Hydrogen” program has been sought, pending a concrete funding commitment.

(PRESS RELEASE) ESSEN, 22-May-2024 — /EuropaWire/ — The gas storage operator RWE Gas Storage West has launched an initial market survey, which hydrogen producers and users as well as industrial companies and traders can use to register their future storage demand for hydrogen until the end of June 2024.

As a clean, storable and transportable energy carrier, hydrogen is an important link in the energy transition. Its storage plays a central role in balancing out fluctuations in renewable energy production and is the basis for providing consumers with structured supply products.

RWE Gas Storage West has launched a non-binding market enquiry to design future hydrogen storage facilities to meet the needs of the future hydrogen market. For further investment planning, the company wants to determine when and where demand for hydrogen storage capacities will arise. The results of the market survey will be used to develop customised storage capacities.

Interested parties are invited to submit their requirements at www.rwe-gasstorage-west.com/en/hydrogen/market-survey-hydrogen-storage-requirements.

RWE Gas Storage West is developing the first industrial-scale hydrogen storage facility in Gronau – Epe (North Rhine-Westphalia). RWE has applied for funding for the construction of this storage facility as part of the “IPCEI Hydrogen” (Important Projects of Common European Interest) programme. The EU has approved federal and state funding for the project. A concrete funding commitment is still pending. RWE intends to make an investment decision as soon as a concrete grant notice has been received.

Further information on the RWE Epe hydrogen storage system can be found at www.rwe-gasstorage-west.com/en/hydrogen.

Media Contact:

Regina Wolter
Finance / Industrial customer business
+49 (0) 201 5179-5024

SOURCE: RWE