Budapest (MTI) – Storing the energy produced by solar and wind is just round the corner. Hungarian engineers who have been working on a battery storage system for the past five years have a viable design which has received patents in Europe, the United States and Asia.
The system called IntelliStore is the product of AWE Mernökszolgálati. Plans are to manufacture the lithium-based battery system in Hungary, Bálint Dunai, the company’s business development manager told MTI on Thursday.
Talks are under way with energy companies in western Europe and the US on purchasing the product, he said.
The device officially tested in the European Union and approved by the European Network of Transmission System Operators for Electricity can store one megawatt and it is portable and easy to install, he said.