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HomeElectricityHungary's energy storage capacity can increase twentyfold within two years says ministry

Hungary’s energy storage capacity can increase twentyfold within two years says ministry

Hungary’s Ministry of Energy announced that around fifty industrial energy storage facilities can be realised due to a recently launched grant program, covering a total capacity of 440 megawatts (MW). Companies and organisations supported by the program must complete the installation and grid connection of new equipment by spring 2026, potentially increasing the country’s energy storage capacity twentyfold within two years.

The corporate program, which has sparked considerable interest, was launched as part of Hungary’s Recovery and Resilience Plan, partly funded from the national budget, informed the Ministry of Energy. A budget of 62 billion Hungarian forints (158 million euros) allowed for non-repayable investment grants and revenue compensation for the establishment and ten-year operation of industrial energy storage facilities. Applications were evaluated in three stages based on the expected technical lifespan. Winners were selected based on the cost and the lowest revenue compensation demand. The program primarily aims to promote the establishment of storage facilities involved in regulating the electricity grid.

Nearly half of the planned capacity expansion has been undertaken by major energy industry players, but numerous industrial users from other sectors are also set to carry out supported investments. With funding previously secured from another program, national transmission system operator MAVIR is already building Hungary’s largest 20 MW energy storage facility. The recently concluded grant will allow for the installation of facilities with capacities exceeding this in several projects.

The production and storage of green energy contribute to strengthening energy sovereignty and security of supply, concluded the Ministry of Energy of Hungary.

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