A pioneering $1 billion project for large-scale storage of energy from wind and solar power has been launched in Utah, offering a way to manage the variability of renewable generation.

A consortium including Mitsubishi Hitachi Power Systems (MHPS) of Japan on Thursday announced a plan to use a huge salt cavern to store hydrogen or compressed air, which could be used to generate up to 1,000 megawatts (MW) of power.

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