Technical FAQs 4

How will Hungary's subsidy scheme affect battery energy storage?

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.

Does Hungary need nuclear power?

According to the National Energy and Climate Plan (NECP), Hungary aims to make 90% of its electricity production carbon free already by 2030. In this context, it is noteworthy that nuclear power plays and is expected to play an important role in Hun-gary’s energy mix.

What is Hungary's Energy Policy?

As the country is a Member State of the EU, Hungary’s energy related policies are significantly shaped by the EU’s energy acquis and climate objectives, including concerning green-house gas emission reduction, improving energy eficiency and increasing the use of renewable energy sources.

Is Hungary a good market for energy storage subsidies?

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.”

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