A 47-megawatt battery energy storage facility is being built at a cost of 12.5 billion forints on the grounds of the Oroszlány Power Plant through a joint effort by four companies, the project manager Gábor Jeszenszky told MTI. The facility is capable of meeting the needs of MAVIR Plc., which balances the Hungarian electricity system, […]

MVM Balance Plc., member of the MVM Group, is building a battery energy storage facility for the gas turbine power plant in Bakony, in the industrial area of Ajka, southwest of Budapest, the company told MTI on Monday. The unit will have a nominal output of 57 megawatts and a nominal capacity of 57 megawatt […]

MVM Tisza Power Plant Ltd. is implementing its latest investment in the power plant area with the help of a total of 4.185 billion forints in non-repayable European Union funding. A battery energy storage unit with a nominal capacity of 31 MW and a capacity of 62 MWh is being built at the Tiszaújváros site […]

Hungary and China may establish a research, development, testing and certification center for smart, new energy vehicles and their energy storage systems in Zalaegerszeg, ZalaZONE Vehicle Testing Track announced to MTI on Wednesday. According to a letter of intent, a joint investment by the China-U.S. Green Fund, Zhongzhi Zhitong Testing Technology Co. Ltd., and the […]

PANNON Green Power TSL1. Ltd. has installed grid energy storage facilities in Törökszentmiklós, located just south of Budapest) with the help of HUF 668.25 million European Union funding, the company said in a statement to MTI on Monday. The investment in battery energy storage is an innovative solution for the Hungarian energy grid and energy […]

As part of the Akvamarin project, Hungarian Natural Gas Storage Plc. has installed a 2.5 megawatt electrolysis system and associated hydrogen gas production technology at the Kardoskút underground gas storage facility in SE Hungary. The cost of the R&D project was HUF 5.6 billion, of which HUF 2.5 billion was provided by the state. The […]