Finland and GTK Fund Research on Bedrock Hydrogen Storage
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Finland funded a joint research project with GTK to advance its hydrogen economy goals. The research found that underground hydrogen storage can be developed in crystalline bedrock, which is important for countries that lack salt caverns for storage. This storage is necessary to balance hydrogen production and consumption over multi-day periods. The construction of a 40,000 m³ facility is estimated to cost approximately EUR 30 million and take four to five years.
From prnewswire.com
Why it matters
The finding addresses a major technical bottleneck for scaling up hydrogen use in Europe. Since Finland aims to be a leading hydrogen economy but lacks salt caverns, this discovery provides a viable storage solution. The ability to store hydrogen for extended periods makes the commodity more stable and usable.
Business Finland supports projects aimed at driving industry innovation within Finland.
From prnewswire.com
Who's involved
- FinlandAims to become one of Europe's leading hydrogen economies.
- Business FinlandFunded the joint research project with GTK.
- GTKConducted the research on geological storage methods for hydrogen.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- hydrogenSpeculative
Hydrogen could become a more viable commodity due to the discovery enabling large-scale, multi-day storage.
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The entities involved
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Finland
country in Northern Europe
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hydrogen
chemical element with symbol H and atomic number 1
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Business Finland
Finnish government-owned organization
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