www.ceotodaymagazine.com 37 THE CEO INTERVIEW the global path to net zero, and we want to contribute to accelerating the pace of CCS implementation. As in all industrial operations, safety is of paramount importance. Our growth will always need to be balanced and constrained by a zero-tolerance policy. Finally, what do you see as the biggest opportunities and threats facing the underground energy storage industry in the years to come, and how will you position UEST to take advantage of these trends? There must be a clear vision/business model for hydrogen storage with legal frameworks that are accepted by all stakeholders (including the public). Storage of natural gas will be a bridging technology for the near future and at least if hydrogen is not available in sufficient volumes. Scenario A: there is enough (green) hydrogen in the market: then, we will need far more underground storage volumes (and sites = opportunities) to prevent any unintended energy supply disruptions due to the low energy density of hydrogen compared to natural gas. Scenario B: there is not enough green hydrogen on the market or hydrogen prices is not competitive: the CCS market will grow substantially and a potential competition about the use of subsurface volumes will arise (storing energy or sequestering CO2). www.underground.energy
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