The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years.
The new facility supports a growing push to green Hungary’s power grid. Hungary has just switched on its largest battery energy storage system (BESS) to date, stepping up its role in Central Europe’s growing grid-scale energy transition.
State secretary for energy transition of the Energy Ministry Viktor Horvath noted that Hungary had built more than 8,000MW of solar capacity in the past 5-6 years and one-quarter of the electricity generated in the country came from renewable sources last year.
Moderator Nikita Chandrashekar, director at advisory Augusta & Co, said the scheme made Hungary an attractive market: “It is probably one of the most advanced subsidies schemes to bring energy storage forward. So from a revenue perspective, perhaps, unlike some other markets, the business case in Hungary seems pretty well developed.”
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Which self-service battery cabinet is the best in Budapest Will Hungary''s new battery energy storage system help Green the grid?The new facility supports a growing push to green …
SunContainer Innovations - If you''''re reading this, you''''re probably exploring energy storage solutions for industrial or commercial projects. Budapest''''s growing tech scene has made it a …
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