Water electrolysis: Power to gas
New, cost-efficient plant type
Energy storage systems already play an important role in balancing supply and demand for electricity. According to a study by the Boston Consulting Group, global demand is set to rise to around 330 gigawatts by 2030. Around the world, around 100 gigawatts of capacity is currently available in pumped storage power plants and around one gigawatt in compressed air energy storage systems.