PG&E, Energy Vault to build green hydrogen energy storage system
Jan 5 (Reuters) - PG&E Corp said on Thursday it will partner with Energy Vault Holdings Inc to build a green hydrogen energy storage system in California, capable of powering about 2,000 customers for up to 48 hours during a planned outage.
Green hydrogen, produced using renewable energy, already has a big fan-base and is forecast to play a major role in reducing greenhouse gas emissions.
Several energy companies are exploring opportunities in the storage space to manage continuous availability of renewable power.
Power utilities in the U.S. could triple their storage capacity in the coming three years, as wind and solar capacity expands, according to the U.S. Energy Information Administration (EIA).