The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years.
Moderator Nikita Chandrashekar, director at advisory Augusta & Co, said the scheme made Hungary an attractive market: “It is probably one of the most advanced subsidies schemes to bring energy storage forward. So from a revenue perspective, perhaps, unlike some other markets, the business case in Hungary seems pretty well developed.”
Hungary has 40MWh of grid-scale BESS online today but that will jump 3,400% to around 1,300MWh over the next few years thanks to opex and capex support from the government, said Pálma Szolnoki, senior research associate at trade body the Hungarian Battery Alliance.
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The government is launching a HUF 100 billion ($303 million) residential energy storage program to help families with solar panels achieve long-term energy self-sufficiency.
Free QuoteHungary has made significant progress in the expansion of solar energy in recent years, both in the area of private solar installations and in the construction of large industrial solar power plants.
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Free QuoteThe Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system …
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Free QuoteThe Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few …
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