Hungary has retained place 22 in the comparative analysis of innovation performance of 27 EU countries and a further 11 European states.Continue reading
Innovation and Technology Minister László Palkovics on Sunday discussed Hungary’s cooperation in the construction of an energy storage facility in Bavaria, the ministry said.
After talks with the Max Aicher group, which also owns the steel works in Ózd, in northern Hungary, the minister noted that the group was preparing the construction of a facility capable of storing 450 MW of electricity in southern Bavaria.
Palkovics said storing energy from weather-dependent sustainable sources and night-time nuclear energy was an “environmental and competitive advantage”.
Since Hungary’s geography does not allow for the construction of a gravity-based energy storage plant, the group’s offer for Hungary to acquire a share in the German plant is especially attractive, Palkovics said.
Featured photo illustration by Zsolt Szigetváry/MTI