What is the trend of energy storage demand in Pecs Hungary

Is Hungary a good market for energy storage subsidies?

Moderator Nikita Chandrashekar, director at advisory Augusta & Co, said the scheme made Hungary an attractive market: “It is probably one of the most advanced subsidies schemes to bring energy storage forward. So from a revenue perspective, perhaps, unlike some other markets, the business case in Hungary seems pretty well developed.”

How will Hungary's subsidy scheme affect battery energy storage?

The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years.

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.

What are the main sources of electricity in Hungary?

Fossil fuels, such as natural gas and coal, were the second most-used source of power in the country as of 2023, while solar energy accounted for over 18 percent of the electricity generated. Log in or register to access full data. Discover all statistics and data on Energy sector in Hungary now on statista.com!