Gas storage facilities fulfil a variety of functions on the energy market.
To Our market expertise and tailor made storage products ensure optimal use of such functions for our clients. The fact that we are able to re-use depleted gas reservoirs is a reflection both to the ideal geological conditions in Austria, and of our high level of technical and commercial expertise in the construction and operation of storage facilities.
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Key role of gas storage facilities for energy supply
Apart from their conventional function of balancing saisonal gas demand swings, natural gas storage facilities are playing an increasingly important role as energy storage facilities for a reliable supply with electricity. They are crucial to the use of renewable energy sources such as wind and solar. The higher the share of volatile renewables in the power mix, the larger are the natural gas (and in future hydrogen) stocks that must be held in reserve to be available for electricity production at any time. Generation at gas-fired power stations, using natural gas and hydrogen in storage, can flexibly compensate for the swings in renewable energy production.
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Bespoke solutions for our costumers
The aim of RAG Energy Storage is to meet the challenges of a new energy world by offering innovative bespoke services, designed to make a reality of “value added gas”, as well as RAG’s established storage products. These solutions will be tailored not just to fit conventional supplies but also to support short-term intraday- and complex trading-transactions. In addition, the company will be looking to help clients meet new market demands – especially as regards shipments to and from storage – by providing top-quality assistance with routine storage management.
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Efficiency through the sustainable use of former reservoirs as natural gas or hydrogen storage facilities
Austria has natural geological structures that are ideal for gas storage. Since 1982 our parent company RAG Austria AG (RAG) has been re-using gas reservoirs depleted by its production operations as storage facilities. On 1 January 2013 RAG Energy Storage began marketing this storage capacity. Employing natural gas reservoirs formed millions of years ago is the safest, most environmentally friendly and most efficient energy storage method of all. These facilities are 99 percent efficient.