European Union

In a press release of 1st July 2015, the German electrolyser plant construction company ETOGAS, reported how it delivered an electrolyser system to a site used by the Austrian energy company RAG Rohöl Aufsuchungs Aktiengeselleschaft in the town of Unterpilsbach in Austria. According to the press release, the equipment consisted of a 40 foot electrolysis container and a 20 foot transformer/ rectifier container.

The statement went on to say: “It will supply hydrogen for the flagship project ‘Underground Sun Storage’, which is managed by RAG. This project is the first to explore the option of storing wind and solar energy in a former natural gas reservoir.”

Electrolyser manufacturers such as ETOGAS and ITM Power, are showing energy companies how solar and wind power generation can become more efficient with the help of energy storage. The key to this process is the electrolyser, which uses the electricity generated from renewable energy sources of solar and wind power to produce hydrogen gas. The gas can either be injected directly into the gas supply network – as is happening at the Thüga Group’s power-to-gas plant at Frankfurt-am-Main, which uses ITM Power’s PEM electrolyser to produce hydrogen – or in the case with RAG’s Underground Sun Storage project, the gas can be stored in an underground storage facility until it is needed at times of peak demand.

These recent developments show how gas from sustainable sources may one day supersede the supply of natural gas and oil from fossil sources. The old argument that wind turbines and solar panels are unreliable as they only produce electricity when it is windy or when the sun is shining has become outdated, because with the conversion and storage of electrical energy as gas, the gas can be turned back into electricity at other times such as on a still day or at night or when there is greater consumer demand. In doing so it will help to cut greenhouse gas emissions and fight climate change.

Sources

http://www.etogas.com/news/aktuelles-news/

http://www.underground-sun-storage.at

©Jolyon Gumbrell 2015

The post Austrian energy company will store gas from renewable energy underground appeared first on Ideas on Europe.

General : In Brussels this summer and curious about the EU? Why not pay a visit to the European Parliament's visitors centre in Brussels and get a unique insight into the work of MEPs and how it touches your daily life? Rated one of the top things to do in Brussels by travel website Tripadvisor, the award-winning centre has already welcomed more than one million visitors since opening its doors in October 2011.

Source : © European Union, 2015 - EP

General : In Brussels this summer and curious about the EU? Why not pay a visit to the European Parliament's visitors centre in Brussels and get a unique insight into the work of MEPs and how it touches your daily life? Rated one of the top things to do in Brussels by travel website Tripadvisor, the award-winning centre has already welcomed more than one million visitors since opening its doors in October 2011.

Source : © European Union, 2015 - EP

On 4 August 2015, the Council approved a regulation amending the European Financial Stabilisation Mechanism (EFSM) in order to protect non-euro area member states from any risk arising from financial assistance given to a euro area country. 

This principle was endorsed on 17 July 2015 by a joint statement of the Commission and the Council. It was agreed along with a decision to grant €7.16bn in short term financial assistance to Greece under the EFSM. 

Specifically, the regulation ensures that financial assistance from the EFSM to a euro area member state will only be granted if legally binding provisions are in place guaranteeing that non-euro area member states are immediately and fully compensated for any liability they may incur as a result of a failure by the beneficiary to repay the financial assistance in accordance with its terms. 

The regulation was adopted by written procedure. 

EFSM 

The EFSM provides financial assistance to EU member states in financial difficulties. It relies on funds raised by the Commission on the financial markets under an implicit EU budget guarantee. 

AMENDMENTS 1 - 41 - Draft opinion Towards a new international climate agreement in Paris
Committee on Foreign Affairs

Source : © European Union, 2015 - EP

General : As the first half of the year is behind us, we take a look at some of the key moments which marked the European Parliament in 2015 so far, from political figures visiting the Parliament to legislative accomplishments.

Source : © European Union, 2015 - EP

General : As the first half of the year is behind us, we take a look at some of the key moments which marked the European Parliament in 2015 so far, from political figures visiting the Parliament to legislative accomplishments.

Source : © European Union, 2015 - EP