A three-year research project has received EUR 2.5 million from the EU's Horizon 2020 initiative, reports Renews. The project aims to further develop a technology known as ReSoc to enable flexible storage of renewable energy.
ReSoc is an electrochemical conversion technology which uses electricity to split water into hydrogen and oxygen gas by a high temperature electrolysis process, which can then be operated in reverse to produce energy from the hydrogen gas produced.
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Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.