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 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/ MWh of new electricity storage facilities.
How do energy storage subsidies work?
The subsidies are secured via the National Recovery and Resilience Plan and the state budget. They consist of non-refundable investment support and income compensation for the construction of energy storage facilities and their operation for at least ten years. The operational support will be provided through two-way contracts for difference.
Hungarian storage tender
„Success factor” of bids on aFRR capacity tenders: ratio of the quantities allocated and actually offered (under a given price threshold) => impact on income calculation (upward/downward)
Hungary awards funding for 440 MW of storage
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Hungary awards EUR 158 million for 440 MW of
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Hungary
In its publication entitled Hungary , the Equilibrium Institute, a new think tank, presents an alternative political, economic and social vision of Hungary’s future; our study was published
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