Hungary: 155 million euros for energy storage subsidies

, SEE Energy News

Hungarian Government plans to launch in June a 155 million euros subsidy scheme for investments in energy storage, according to the Ministry of Energy. Subsidies are available to the transmission system operator and electricity distributors and aim to promote renewable energy sources dependent on the weather – wind and solar.

Applicants must pledge to complete their energy storage investments by the summer of 2025.

The Government expects to announce the winning applicant by the end of this year. The scheme aims to support the addition of 146 MWh of storage capacity to the network by the end of May 2025, double the capacity under construction at present. Together with a separate program supporting energy storage investments by other companies, funding available for such projects could add up to over 320 million euros.

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