By: David Whittam, Roy Anderson, CO2CRC – 28/08/2022
Australia has the need for large scale, safe and cost effective storage solutions
Australia has the potential and ambition to transition to a hydrogen economy by 2050, increasing GDP by $26bn and creating almost 17,000 jobs Australia is expected to produce at least 20MT of hydrogen a year by 2050. To manage this volume of hydrogen, large scale, safe and cost-effective storage solutions will be required.
There have been several studies indicating that current surface hydrogen storage facilities, such as pipelines or tanks, will not have sufficient storage capacity for future projected demand. Underground Hydrogen Storage (UHS) in geological formations can provide the necessary capacity to balance seasonal fluctuations in supply and demand and provide continuity in renewable energy supply.
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