Natural gas prices have been skyrocketing in Europe where the commodity is critical for heating and industrial production
Scientists in Europe have developed batteries with larger storage capacity for use in renewable energy plants; yet even those could not store enough electricity to meet the demand – gas still plays an important role for electricity generation.
The storage sites for natural gas in Europe hit their lowest levels in more than a decade in late summer, when they usually are replenished, due to limited supply of Russian gas as the country was rebuilding its own inventories.
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