Hungarian energy company Alteo is spending 5.5 billion HUF (14.5 million euros) to install battery storage and gas engines to even out differences between energy supply and demand, the listed alternative energy company said last week.
Alteo will add 8 MW/15 MWh of battery storage, and a 6 MW gas engine in Győr, as well as a 3 MW gas engine in Sopron, in the western part of Hungary.
The investments, which will support the expansion of weather-dependent renewable energy resources, will go online in H1 2024.
Hungarian oil and gas company MOL partnered with two local private equity funds to acquire a controlling stake in Alteo in a buyout offer in the spring
