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Hungary s latest energy storage subsidy policy

Hungary provides subsidies for energy storage facilities through the National Recovery and Resilience Plan and the state budget. These subsidies include non-refundable investment support and income compensation for the construction and operation of energy storage projects for at least ten years1. Th
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Hungary awards EUR 158 million for 440 MW of energy storage

The government is approving subsidies for the construction and operation of energy storage systems. The subsidies were secured from the National Recovery and Resilience Plan and the state budget. They consist of non-refundable investment support and income compensation for the construction of industrial energy storage facilities and their

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State aid: Commission approves €1.1 billion Hungarian

The European Commission has approved a €1.1 billion (approximately HUF 436 billion) Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition

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The assistance program will be accessible to companies operating in Hungary''s energy sector, excluding financial institutions. Additionally, it will be accessible for cross-border collaboration that includes storage facilities in neighbouring EU member states, subject to available transmission capacity and considering the proportion of renewable energy sources in

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About Hungary s latest energy storage subsidy policy

About Hungary s latest energy storage subsidy policy

Hungary provides subsidies for energy storage facilities through the National Recovery and Resilience Plan and the state budget. These subsidies include non-refundable investment support and income compensation for the construction and operation of energy storage projects for at least ten years1. The Ministry of Energy aims to deploy 1GWh of energy storage by 2025 and will accept applications from system operators and distribution companies2. The European Commission has approved Hungary’s €1.1 billion program to support electricity storage facilities3.

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Hungary s latest energy storage subsidy policy [PDF] Chat with us

6 FAQs about [Hungary s latest energy storage subsidy policy]

Does Hungary need a state aid energy storage scheme?

The national funding will support the installation of 800MW of large-scale electricity storage. Hungary seeks to increase storage capacity in order to offer greater gird flexibility. Credit: Dorothy Chiron via Shutterstock. The European Commission has approved a €1.1bn ($1.2bn) state aid energy storage scheme from the Government of Hungary.

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.

Will Hungary support the installation of new electricity storage facilities?

Hungary notified to the Commission, under the Temporary Crisis and Transition Framework, a Hungarian scheme to support the installation of at least 800 MW/1600 MWh of new electricity storage facilities.

Will Hungarian electricity storage facilities support a net-zero economy?

The European Commission has approved a €1.1 billion (approximately HUF 436 billion) Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy.

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.

How will a €1.1 billion Hungarian measure affect electricity storage capacity?

This €1.1 billion Hungarian measure will facilitate the development of electricity storage capacity. The Hungarian electricity system will be more flexible. The preparation for a higher integration of renewables into the electricity mix, is in line with EU climate and energy targets.

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