State-owned energy company MVM inaugurated a HUF 10.4 billion, 57MWh battery energy storage unit at a gas-turbine power plant in Ajka (W Hungary) on Monday, MTI reports. The investment was supported by HUF 3.8 billion in grant money from the European Union. MVM CEO Karoly Matrai said heatwaves like the present one point to the […]

MVM Tisza Erőmű, a unit of state-owned energy company MVM Group, inaugurated a 31MW/62MWh battery storage investment in Tiszaújváros (E Hungary), MTI reports. The investment was supported by HUF 4 billion in grant money from the European Union. MVM CEO Károly Mátrai said the investment is part of MVM's long-term development strategy, which aims to […]

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 […]

The electricity company E.ON is building a new battery energy storage facility in Soroksár (a southern Budapest district). The site will enable the connection of new solar systems and increase security of supply. According to the company’s statement, the storage facility will be capable of storing around six megawatt-hours (MWh) of energy generated by 350 […]