Energy is developing the first industrial product, based on Magnesium Hydrate, already sold to some major clients such as Iwatani and ENEL. Emergent hydride hydrogen storage technologies have achieved a compressed volume of less than 1/500. Adsorption A third approach is to adsorb molecular hydrogen on the surface of a solid storage material. Unlike in the hydrides mentioned above, the hydrogen does not dissociate/recombine upon charging/discharging the storage system, and hence does not suffer from the kinetic limitations of many hydride storage systems. Hydrogen densities similar to liquefied hydrogen can be achieved with appropriate adsorbent materials. Some suggested adsorbents include activated carbon, nanostructured carbons (including CNTs), MOFs, and hydrogen clathrate hydrate. Underground hydrogen storage Underground hydrogen storage is the practice of hydrogen storage in caverns, salt domes and depleted oil and gas fields. Large quantities of gaseous hydrogen have been stored in caverns by ICI for many years without any difficulties. The storage of large quantities of liquid hydrogen underground can function as grid energy storage. The round-trip efficiency is approximately 40% (vs. 75-80% for pumped-hydro (PHES)), and the cost is slightly higher than pumped hydro. Another study referenced by a European staff working paper found that for large scale storage, the cheapest option is hydrogen at €140/MWh for 2,000 hours of storage using an electrolyser, salt cavern storage and combined-cycle power plant. The European project Hyunder indicated in 2013 that for the storage of wind and solar energy an additional 85 caverns are required as it cannot be covered by PHES and CAES systems. A German case study on storage of hydrogen in salt caverns found that if the German power surplus (7% of total variable renewable generation by 2025 and 20% by 2050) would be converted to hydrogen and stored underground, these quantities would require some 15 caverns of 500,000 cubic metres each by 2025 and some 60 caverns by 2050 – corresponding to approximately one third of the number of gas caverns currently operated in Germany. In the US, Sandia Labs are conducting research into the storage of hydrogen in depleted oil and gas fields, which could easily absorb large amounts of renewably produced hydrogen as there are some 2.7 million depleted wells in existence. Power to gas Power to gas is a technology which converts electrical power to a gas fuel. There are 2 methods, the first is to use the electricity for water splitting and