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RAG – Renewables and Gas
RAG Austria AG is Austria’s largest energy storage company, and one of Europe’s leading gas storage facility operators.
Our business focus is market driven storage, conversion and conditioning of energy in gaseous forms.
We also develop leading edge energy technologies related to green gas like hydrogen that partner renewables.
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"H2Austria&Bavaria+Store electrolyser" project receives PCI status from the European Commission
Hydrogen is a key component in achieving climate targets and enhancing security of supply in Europe. In this context, on December 1, 2025, the European Commission recognized the project “H2Austria&Bavaria+Store electrolyser”, initiated by RAG Austria AG and part of the Hydrogen Interconnections in Western Europe (HI West) network, as a Project of Common Interest (PCI). Thereby its strategic importance for Europe is confirmed. With PCI status, RAG's project can benefit from accelerated approval and implementation processes.
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New BMWET study confirms: Austria needs large-scale hydrogen storage
On 22 November 2025, the study “Hydrogen Storage in Austria”, commissioned by the Federal Ministry for Economy, Energy and Tourism, was presented. The study makes clear: The energy transition will not succeed without large-scale seasonal storage. RAG Austria has already successfully implemented the required technology in the Molasse Basin in Upper Austria.
Key Findings:
- Hydrogen demand will increase from 5 TWh (2030) to 48 TWh (2040)
- Storage demand will grow from 1.2 TWh to 7.7 TWh over the same period
- Storage facilities make a crucial contribution to security of supply, especially in the event of import disruptions or periods of low renewable generation
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Seasonal electricity storage in the form of hydrogen ready for scale-up
The demo operation of hydrogen production and storage in the USS2030 project has been successfully completed, showing that it is technically possible to offer hydrogen storage services on a scaled and commercial basis in depleted underground gas reservoirs.
In 2023, the world's first hydrogen storage facility was opened in an underground sandstone gas reservoir as part of the flagship project Underground Sun Storage 2030 (USS 2030) in the municipality of Gampern, Upper Austria. The project operation, consisting of two storage cycles, has been successfully completed.
“We have been shaping the energy world for nine decades, successfully ensuring security of supply, driving innovation and pointing out new paths and prospects for the future.”
