Budapest energy storage policy

Does Hungary have a new approach to renewable storage?

The Government of Hungary has recently passed legislation regarding Hungary’s approach to renewable storage, introducing significant changes aimed at creating a more favorable environment for energy storage providers.

Will Hungarian energy storage projects get subsidy support?

The Hungarian Ministry of Energy has announced that around 50 grid-scale energy storage projects with a cumulative capacity of 440 MW have received subsidy support through a tender launched in February this year.

Where will Hungary's largest energy storage system be built?

With funds obtained through a previous program, transmission system operator MAVIR is already building the country's largest energy storage system – a 20 MW project in Szolnok, central Hungary, the ministry said. It added that several projects with even bigger capacity will be installed under the tender concluded a few days ago.

What is Hungary's Energy Policy Strategy in 2022?

In 2022, Hungary’s energy policy strategy focuses on strengthening the country’s energy independence. Russia’s invasion of Ukraine in February 2022 has created a new set of energy security challenges in Europe. In response, Hungary declared a state of energy emergency on 13 July 2022.

How can the IEA help Hungary manage its energy sector?

In this report, the IEA provides energy policy recommendations to help Hungary effectively manage the transformation of its energy sector in line with its goals. Hungary 2022 - Analysis and key findings. A report by the International Energy Agency.

Does Hungary have a commitment to renewables?

Attila Steiner, Hungary's State Secretary for Energy and Climate Policy, said: “Hungary has a strong commitment to renewables. As the next step, the government's priority is to upgrade the national grid to be capable of integrating the rapidly growing electric capacity generated by weather-dependent energy sources.