How will Hungary support large-scale electricity storage projects?

Hungary aims to support the installation of 800MW (1,600 megawatt-hours) of large-scale electricity storage projects through the scheme. “This €1.1 billion Hungarian measure will facilitate the development of electricity storage capacity.

Can a model simulate the electricity system of Hungary?

Conclusion The paper developed a model capable of simulating the electricity system of Hungary. It was used to simulate three possible scenarios for the electric power system for 2030. Two scenarios simulated the two possible paths determined by the Hungarian TSO, and the third simulated a possible state developed by the authors of the paper.

Where is the battery industry located in Hungary?

Many of the significant suppliers of the battery industry in Hungary are located directly near the main car manufacturing plants. Since 2016, a total of HUF 1,903.8 billion (EUR 5.29 billion) and approximately 13,757 jobs have been created as a result of working capital investments in the battery industry.

How to evaluate the electric power system of Hungary for 2030?

In order to evaluate the electric power system of Hungary for 2030 and onwards, a similar simulation model needs to be built as in the leading literature. The research develops and simulates three different scenarios, Business As Usual 1 (BAU1) and Business As Usual 2 (BAU2) and an Alternative scenario (ALT).

What is the capacity of a network storage facility in Hungary?

The first network storage facility in Hungary was installed by E.On in 2018 followed shortly by Alteo with 3.92 MWh and ELMŰ (Innogy) with 6 MWh (6 MW + 8 MW capacity). Currently, the total capacity of the storage units applied in the primary Hungarian regulatory market is 28 MW.

Why is EU funding 800MW of energy storage in Hungary?

The EU has approved a $1.2bn state aid funding package for 800MW of energy storage in Hungary as the country seeks to up its renewables.