Hydrogen storage: Industry needs billions

To achieve climate neutrality, Germany must invest up to €12.8 billion in underground storage facilities for hydrogen. Up to 40 cavern storage facilities would have to be built in addition, according to an industry study presented on Monday. The study was commissioned, among others, by the INES association, which brings together operators of existing natural gas storage facilities. With 91.2 billion cubic meters (bcm), Germany has the largest storage volume for natural gas in the EU, with a total of 399.6 bcm.