How will Hungary support new energy storage projects?
Hungary is aiming to support the installation of at least 800MW/1,600MWh of new energy storage projects through the scheme. The projects will help to integrate new renewable energy resources in its electricity system. The funding is equivalent to HUF 436 billion.
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.
Who will build Hungary's largest energy storage facility in Szolnok?
Forest Vill Ltd. will build Hungary’s largest energy storage facility in Szolnok on behalf of MAVIR Ltd. The Budaörs-based company will design and fully implement a 20 megawatt energy storage facility with a capacity of 60 megawatt-hours as part of the HUF 8.5 billion project.
Will Hungary provide grants for energy storage projects in 2025?
The Ministry of Energy in Hungary will provide grants for the deployment of energy storage projects, with some 1GWh targeted by 2025. From June, system operators and distribution companies will be able to apply for subsidies to build energy storage facilities by the summer of 2025 at the latest, the Ministry said.
What is Hungary's energy storage goal?
The ministry said that Hungary has set its 2030 energy storage goal at 1 GW in the updated National Energy and Climate Plan. Home » News » Electricity » Hungary awards EUR 158 million for 440 MW of energy storage
How much money is available for energy projects in Hungary?
The funding is equivalent to HUF 436 billion. The money is available for companies active in Hungary’s energy sector, except financial institutions, and will also be available for projects outside its borders which can provide the power through cross-border transmission capacity.
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