100% renewable targets will require power storage to manage flows on the net
Electrolysers utilise these intermittent power flows to produce H2 gas from water
H2 gas can be stored in large quantities underground and transported via existing gas pipelines
H2 vehicles recharge faster and are more durable than battery powered transport
Growing H2 demand in industrial processes will reduce costs and increase supply

The Czech EU Presidency and the Parliament’s negotiators endorsed the list of eligible energy projects agreed by EU heads of state and government in March, including initiatives on Carbon Capture and Storage (CCS),  offshore wind or the Nabucco gas pipeline, will now also be open to energy-efficiency measures and other renewable energy projects. The revised version allocates €3.98 billion to energy projects designed to stimulate job creation, help the EU out of recession and strengthen the bloc’s energy independence:  €2.35bn for gas and electricity interconnections, €0.565bn for offshore wind and €1.05bn for CCS demonstration plants. The EP Industry Committee decided  on March 31 to demand that that money not committed before September 1 should be redirected to finance energy-efficiency and renewable energy measures, while member states wanted to see any unused funds returned to their budgets.  The final compromise reflects MEPs’ views, as it allows the Commission to propose the use of recovery money that is not committed by the end of 2010 for energy-efficiency and renewables projects. However, the EU executive will only be able to do this if it can show that there are “serious risks in implementing the priority projects”. A progress report in March 2010 will determine whether such risks exist. The Commission will also announce further measures to support energy efficiency and renewable energy, including the revision of the Energy Efficiency Action Plan by end of October 2009 and a public-private partnership on energy-efficient buildings before the Parliament votes on the compromise, the EU’s co-legislator said. The compromise will now have to be endorsed by ambassadors of EU governments, as well as the Parliament on 4-7 May.