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.
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.
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.”
Hungary isn't alone in stocking up on battery backup as it charts its green energy path. In neighbouring Bulgaria, a massive 124 MW/496 MWh battery energy storage system went live in Lovech earlier this year.
.PDF includes complete article with source references.
Download UPS datasheets, battery sizing guides, and power redundancy white papers.
Via Monte Rosa, 91
20149 Milan, Italy
Italy (Sales): +39 06 8745 3292
Italy (Support): +39 335 729 8537
Mon-Fri: 9:00 AM – 6:00 PM (CET)