A press conference for the Underground Sun Conversion project – the only research project of its kind anywhere in the world – was held on 2 March 2017. In attendance were Jörg Leichtfried, Austrian Minister for Transport, Innovation and Technology, Theresia Vogel, Managing Director of the Austrian Climate and Energy Fund, RAG CEO Markus Mitteregger, and Professor Andreas Loibner of the University of Natural Resources and Applied Life Sciences, Vienna.
The successful Underground Sun Storage project, which focused on the storage of wind and solar energy in naturally formed gas reservoirs, is to be taken to the next stage. Building on the research conducted so far, for the first time the Underground Sun Conversion project will enable production of natural gas directly within a gas reservoir using a microbiological process initiated specifically for this purpose by RAG, and to store it in the same reservoir.Project Website: Underground Sun Conversion
The natural gas storage facilities operated by RAG in Upper Austria and Salzburg offer a storage capacity of around 6 billion cubic meters. This represents about 75 percent of Austria's annual consumption of natural gas. In comparison, the annual consumption to the national available storage volume Austria is a leader in Europe.
RAG is one of the biggest storage facility operators in Europe and is significantly contributing to the security of energy supply.
With the technically operated storage capacity of approximately 5.8 billion cubic meters of natural gas RAG is significantly contributing to the security of gas supply in Austria and throughout Central Europe. Natural gas storage is a core business of RAG. Over 30 year´s experience and extension of its storage facilities have made RAG one of Europe´s leading storage operator. RAG storage facilities are used by national and international customers. With the technically operated storage capacity of approximately five billion cubic meters of natural gas RAG is significantly contributing to the security of gas supply in Austria and throughout Central Europe.More Details