Hungarian hydropower energy storage project construction

4 FAQs about [Hungarian hydropower energy storage project construction]

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.

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.

How much does Hungarian government spend on energy storage projects?

The Hungarian government has allocated HUF 62 billion (EUR 158 million) for energy storage projects with an overall 440 MW in operating power. Hungarian authorities launched the tender for grid-scale batteries on January 15 and received offers until February 5. The winning bidders were selected a few days ago.

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.

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