Energy storage capacity getting bigger and bigger
Secretary of State for Energy Gábor Czepek emphasised the importance of storage capacities for the country’s energy sovereignty. In addition to nuclear energy, Hungary is focusing primarily on solar energy, the weather-dependent production of which poses a particular challenge. The country’s total PV capacity has doubled since 2022, but the storage sector is also on the rise.
Target of 1 GW by 2030
Energy storage capacities will double over the next year, with the aim of providing at least 1 GW of storage capacity by 2030. With public funding totalling 33 billion forints (approx. 80 million euros), storage facilities with a total capacity of 38 MW will be installed at 13 locations. These development projects should be completed by the summer of 2025. As part of the largest project, the transmission system operator MAVIR Zrt. is building a 20 MW storage facility in Szolnok with a subsidy of HUF 15 billion.
Fifty more storage facilities planned
Another tender for more electricity storage capacities was launched in February of this year and has a budget of 62 billion forints. The aim is to build around 50 additional industrial energy storage facilities with a combined capacity of 440 MW. Companies that are awarded the contract must realise the installation and connection of the new facilities to the electricity grid by spring 2026 at the latest. Several of the projects in the tender will involve the installation of plants that exceed the capacity of the Szolnok plant.
