Gas storage facilities will have a particularly important part to play, owing to the demand for flexibility created by new energy sources and increased reliance on energy trading. In response to these needs, on 1 January 2013 RAG Austria AG (RAG) formed a modern, customer friendly subsidiary, RAG Energy Storage, to market its storage capacity.
This business will also focus on the sustainable use of natural gas infrastructure. New technologies such as “power to gas” will make it possible to convert surplus wind and solar energy into hydrogen or methane (synthetic gas). This means that in future our storage facilities will hold not just natural gas but also renewable synthetic gas. The new company’s name has been chosen with an eye to this wider role of underground gas storage facilities as a means of storing energy from a variety of sources.