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Underground Sun Storage 2030

Operational✓ Source-checked

RAG Austria AG (consortium with VERBUND, voestalpine, EVN, Energie AG)

Project Overview

Country: Austria
Region: Oberösterreich
Capacity: 2 MW
Technology: PEM Electrolysis
Investment: —
Subsidy Status: —

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Development Timeline

Announced—

FID—

Construction—

Operational2023

Readiness Score

70/ 100

Advanced

Weighted checklist of public info. Not a prediction of success.

Development

✓Final Investment Decision(implied)+15

✓EPC Contract signed(implied)+10

✓Permits obtained(implied)+8

✓Grid connection secured(implied)+7

Commercial

✓Binding offtake agreement(implied)+15

✓MOU / offtake letter of intent(implied)+5

✓Confirmed price / tariff(implied)+5

✗Applied to government program+5

Financing

✓Project finance / debt secured(implied)+10

–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5

✗Developer has completed RE project+3

✗Developer has energy experience+2

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