Electricity suppliers to receive EUR 155 million to build and complete storage facilities

Electricity providers will be offered grants totalling 58 billion forints (EUR 155m) to build and complete storage facilities by mid-2025, the energy ministry said on Wednesday.

According to a statement from the ministry, the scheme is aimed at increasing the security of supplies and boosting renewable energy sources such as wind and solar power.

The new facilities will be fully integrated in the national grid, and are expected to double the current integrated storage capacity to a total of 146 MWh.

The ministry also said winning bidders will be selected before the end of this year. The new projects will promote a low-carbon-emissions economy, the transposition to environmental and digital service provision, while contributing to Hungary’s energy sovereignty, they added.

Battery-based storage facilities will also partially compensate for fluctuations in the output of solar and wind plants, the statement said.

As we wrote before, the mayor urged “bureaucratic obstacles” in the way of generating solar and wind energy, details HERE.