VNG Gasspeicher GmbH Receives Funding for Hydrogen Storage Project in Bad Lauchstädt
Key Ideas
- VNG Gasspeicher GmbH (VGS) received IPCEI funding for the GO! Storage hydrogen project in Bad Lauchstädt, converting a natural gas cavern into a hydrogen cavern.
- The company is investing significantly in expanding infrastructure for green gases to ensure a flexible and secure hydrogen supply, supporting regional energy transition and sustainable industry.
- The planned hydrogen storage facility could supply multiple industrial regions in Central Germany, aiding in decarbonisation efforts and future-proofing the local industry.
- VGS aims to convert its storage facilities to hydrogen with a capacity of 46 million Nm³, marking an important step towards hydrogen storage in the German energy system.
The Federal Minister for Economic Affairs and Climate Protection, Robert Habeck, handed over IPCEI funding to VNG Gasspeicher GmbH (VGS) for the GO! Storage hydrogen project in Bad Lauchstädt. This project involves converting an existing natural gas cavern into a hydrogen cavern, part of VGS's underground storage facility. Bodo Rodestock from VNG AG highlighted the company's commitment to investing in green gases infrastructure for a secure hydrogen supply. Bernd Protze, Managing Director of VGS, emphasized the importance of hydrogen storage in the future energy system and the planned conversion of storage facilities to accommodate hydrogen. The funding commitment will allow VGS to proceed with converting an existing cavern in Bad Lauchstädt for hydrogen storage, with a capacity of 46 million Nm³. This initiative supports the regional energy transition, decarbonisation of industries, and contributes to a sustainable future for the local industry.
Topics
Investing
Energy Transition
Decarbonisation
Energy System
Infrastructure Expansion
Storage Facilities
Green Gases
Regional Industry Support
Funding Commitment
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