Budapest power storage station

Will Hungarian energy storage projects get subsidy support?

The Hungarian Ministry of Energy has announced that around 50 grid-scale energy storage projects with a cumulative capacity of 440 MW have received subsidy support through a tender launched in February this year.

Where will Hungary's largest energy storage system be built?

With funds obtained through a previous program, transmission system operator MAVIR is already building the country's largest energy storage system – a 20 MW project in Szolnok, central Hungary, the ministry said. It added that several projects with even bigger capacity will be installed under the tender concluded a few days ago.

Will Hungary support the installation of new electricity storage facilities?

Hungary notified to the Commission, under the Temporary Crisis and Transition Framework, a Hungarian scheme to support the installation of at least 800 MW/1600 MWh of new electricity storage facilities.

Will Hungarian electricity storage facilities support a net-zero economy?

The European Commission has approved a €1.1 billion (approximately HUF 436 billion) Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy.

How will a €1.1 billion Hungarian measure affect electricity storage capacity?

This €1.1 billion Hungarian measure will facilitate the development of electricity storage capacity. The Hungarian electricity system will be more flexible. The preparation for a higher integration of renewables into the electricity mix, is in line with EU climate and energy targets.

How much solar capacity does Hungary need?

Hungary has set a target of 12 GW of solar capacity by the start of the next decade. However, grid capacity shortfalls have been dire, hampering primarily the rollout of large-scale solar. The country’s revised National Energy and Climate Plan envisages the construction of a total of 1 GW of storage capacity by 2030.