Montenegro: EPCG to launch...

According to Milutin Djukanovic, the Chairman of the Board of Directors at Montenegrin...

Hungary: Paks nuclear power...

Hungary's only nuclear power plant, Paks, operated by the state-owned energy company MVM,...

Croatia forms working group...

The Croatian Ministry of Economy has formed a working group on nuclear energy,...

Bulgaria: TPP Maritsa East...

State-owned thermal power plant Maritsa East 2 reported a remarkable surge in electricity...
Supported byClarion Energy banner
HomeSEE Energy NewsHungary: Largest energy...

Hungary: Largest energy storage facility under construction in Szolnok

Gábor Czepek, State Secretary at Hungary’s Ministry of Energy, announced the construction of the country’s largest energy storage facility in Szolnok, central Hungary. Czepek highlighted Hungary’s reliance on solar energy, which, despite its growing share, is intermittent and dependent on weather conditions. This creates challenges for energy availability when needed most.

In light of these challenges, Hungary is actively investing in energy storage, with tenders worth 634 million euros aimed at advancing storage projects. Nearly 260 million euros is allocated for industrial storage solutions, while around 390 million euros will benefit businesses and households.

Czepek emphasized Hungary’s strong position in renewable energy, particularly in solar power, which has seen significant growth. Since 2022, the country’s solar energy capacity has doubled, and energy storage is also progressing rapidly. The goal is to double storage capacity by next year and increase it twentyfold by 2026, with a target of 1 GW by 2030.

The Szolnok energy storage project is central to improving Hungary’s energy supply, making it cleaner, more reliable, and more affordable. This, Czepek noted, will have a positive impact on daily life and enhance economic competitiveness.

In addition, Hungary’s Ministry of Energy announced that 2024 will mark a new phase in strengthening the country’s electricity network. A green energy program supporting network-connected storage was approved last year, with an 80 million euro public investment. This program will see the installation of storage facilities totaling 38 MW across 13 locations by summer 2025. The centerpiece of these efforts is the 20 MW storage facility in Szolnok, funded by a 37 million euro investment from the transmission system operator, MAVIR. Once completed, it will be Hungary’s largest energy storage facility.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Montenegro: EPCG to launch tender for 240 MWh battery energy storage systems

According to Milutin Djukanovic, the Chairman of the Board of Directors at Montenegrin state-owned power utility EPCG, the company is preparing to launch a tender for battery energy storage systems (BESS) with a total capacity of 240 MWh. The...

Hungary: Paks nuclear power plant achieves fifth-highest production record in 2024

Hungary's only nuclear power plant, Paks, operated by the state-owned energy company MVM, closed 2024 with its fifth-highest production record in history. The plant’s four reactors produced a total of 16,016.6 GWh of electricity, which accounted for nearly half...

Croatia forms working group to explore nuclear energy solutions and future energy strategy

The Croatian Ministry of Economy has formed a working group on nuclear energy, consisting of experts from academia, state institutions, and the energy sector, alongside representatives from the Ministry. Croatia has been a co-owner of the Krsko nuclear power...
Supported bySEE Mining News
error: Content is protected !!