Solar capacity targets for 2030 have already been met in 2024.Continue reading
An 8 megawatt (MW) battery energy storage facility with a nominal capacity of 16 megawatt hours (MWh), which will provide almost one fifth of Hungary’s total capacity, was inaugurated on Friday at the Győr Industrial Park (northwestern Hungary), on the premises of ALTEO Energy Services Plc.
The facility will make a significant contribution to the utilization of weather-dependent renewable energy sources, increasing by 20 percent the total capacity of the energy storage facilities currently operating in Hungary, of which the company provides about 40 percent, Gergely Suppan, Deputy State Secretary for Macroeconomic Analysis of the Ministry for National Economy, said at the handover ceremony.
He added: “There is a serious debate in Hungary and across the continent on the impact of energy demand for industrial production on European competitiveness.” He stressed that
a number of European documents, including the Draghi report, that discusses the future of European competitiveness in depth, point out that without cheap, reliable, locally produced and green energy, European competitiveness cannot remain dynamic.
The global economy has changed fundamentally as a result of the coronavirus pandemic and the Ukraine war, and this new situation requires new responses and new economic policies, he stressed. He said that it had become clear that Hungary needed to create an affordable and secure energy supply that would also promote the use of green energy.
Attila Chikán Jr., President and CEO of ALTEO, said that the new energy storage facility will further increase the capacity and flexibility of the ALTEO Regulatory Center.
This will allow the company to make a greater contribution to increasing the stability of the national electricity grid, balancing fluctuations in energy demand and efficiently integrating weather-dependent electricity generation capacity into the system,
he added.
The high-capacity energy storage facility inaugurated in Győr on Friday is ALTEO’s third such facility, following those in Zugló (14th district of Budapest) and Kazincbarcika (northern Hungary).
Via MTI, Featured image: Pexels