Hungary awards funding for 440 MW of storage

The Hungarian government has earmarked HUF 62 billion ($169 million) for grid-scale energy storage projects in a bid to facilitate further deployment of renewable energy sources. 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. The procurement exercise is part of a broader subsidy program to the tune of HUF 200 billion launched in a bid to support households and businesses to produce and store green energy. Last Thursday, the government ...

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