Multiple battery, AI investments and developments announced in Hungary

New investments announced: Hungarian aluminium products manufacturer Inotal, oil and gas giant MOL are investing in battery storage upgrades, while Hungary’s H-Vend Service has developed an AI-based, data-driven vending machine.

Inotal invests HUF 3bn in battery storage

Hungarian aluminium products manufacturer Inotal is investing HUF 3bn in HUF 10 MW of battery storage at its base in Várpalota (W Hungary), plant director Tamás Németh told MTI on Friday.

Inotal won HUF 1.35bn in European Union funding for the project that will finish up in the autumn, Németh said. The battery capacity for electricity generated by the solar park at the base will be capable of powering the plant for five hours. Inotal had revenue of EUR 102m in 2023.

H-Vend Service develops AI-based, data-driven vending machine

Hungary’s H-Vend Service has developed an AI-based, data-driven vending machine, supported by European Union funding, owner and managing director Gabor Haska said on Friday. H-Vend Service was awarded HUF 139m in EU funding for the HUF 223m project, Haska said. The new, contactless vending machines can be remotely operated, he added. H-Vend Service had net revenue of HUF 673m in 2023, public records show.