Listed alternative energy company ALTEO inaugurated an 8MW battery storage facility in Győr (NW Hungary) on Friday.
The facility, which mitigates the variability of weather-dependent renewables, will boost Hungary’s overall grid-scale battery capacity by 20pc, Gergely Suppan, a deputy state secretary at the National Economy Ministry, said. He added that ALTEO provided around 40pc of that battery capacity.
ALTEO chairman-CEO Attila Chikán Jr said the new facility would contribute to keeping supply and demand in the grid in balance.
ALTEO operates other battery storage facilities in Budapest and Kazincbarcika (NE Hungary).
ALTEO had revenue of HUF 96bn last year, public records show.
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