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The Underground Hydrogen Storage market is a subset of the larger Energy Storage market. It is a form of energy storage that involves the storage of hydrogen gas in underground geological formations. This is done to store energy for later use, such as when electricity demand is high. The hydrogen is stored in a compressed form, and can be released when needed. This form of energy storage is becoming increasingly popular due to its ability to store large amounts of energy for long periods of time.
The benefits of underground hydrogen storage include its low cost, its ability to store energy for long periods of time, and its environmental friendliness. Additionally, it is a form of energy storage that is relatively safe and secure.
Some companies in the Underground Hydrogen Storage market include Hydrogenics, ITM Power, and Air Liquide. Show Less Read more