The Hungarian government will maintain the cuts despite the constant attacks from Brussels and the left.Continue reading
MET Dunai Energiatároló, a member of the Swiss-based MET Group, is building an energy storage system with a total nominal capacity of 40 megawatts (MW) and a storage capacity of 80 megawatt hours (MWh) in Százhalombatta (near Budapest), for which it has won more than HUF 4 billion (EUR 9.7 million) in non-refundable EU funding.
MET is building the new energy storage units on the site of the Dunamenti Power Plant, which was built in the 1960s, and has since been demolished and restored.
The Dunamenti Power Plant. Photo: Wikipedia/Gergely Dóra Viktória
60 MWh of the 80 MWh capacity will be EU-funded, the storage units, with HUF 2.69 billion (EUR 6.5 million) and HUF 1.35 billion (EUR 3.2 million) of non-reimbursable support, respectively,
to align the storage units with the EU’s 2030 climate policy and the national energy strategy.
The investment will be financed by the dedicated Recovery and Resilience Facility (RRF) set up by EU member states, a statement noted.
Huawei Technologies is the manufacturer of the energy storage units to be installed, while Forest-Vill is the general contractor and contractor of the projects.
To achieve the energy transition, energy companies around the world are working to replace fossil fuels, which involves many challenges and planning, the company stressed.
The statement recalled that MET Group has set up the country’s first two-hour cycle time energy storage unit (4 MW/8 MWh) also at the Dunamenti Power Plant site back in September 2022. In addition, a 30 MW electric boiler plant and an accompanying 1,500 cubic meter thermal storage tank were installed at the Százhalombatta site in November 2023.
The primary objective of both installations is to ensure grid flexibility to contribute to security of supply in the electricity system and to better exploit renewable energy sources.
The group had consolidated revenues of EUR 41.5 billion in 2022. The volume of gas traded was 109 billion cubic meters and the volume of electricity traded was 67 terawatt hours.
Via MTI; Featured image via Pexels