The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years.
Moderator Nikita Chandrashekar, director at advisory Augusta & Co, said the scheme made Hungary an attractive market: “It is probably one of the most advanced subsidies schemes to bring energy storage forward. So from a revenue perspective, perhaps, unlike some other markets, the business case in Hungary seems pretty well developed.”
Historically, Hungary’s regulatory framework did not provide clear guidelines for the integration of co-located BESS projects. This lack of specific regulation created uncertainty for investors and developers, hampering the widespread adoption of these energy storage solutions.
While the concept of electricity storage was introduced into Hungarian law earlier, comprehensive policies to support the deployment of co-located BESS systems were lacking.
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The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge …
The government is launching a HUF 100 billion ($303 million) residential energy storage program to help families with solar panels achieve long-term energy self-sufficiency.
The Hungary panel discussion at the event. Image: Solar Media. Hungary’s subsidy scheme for energy storage will drive huge growth in battery energy storage system …
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