Hungary’s ‘advanced’ subsidy scheme to drive mass BESS deployments
Hungary’s subsidy scheme for energy storage will drive huge growth in BESS deployments over the next few years.
Hungary’s subsidy scheme for energy storage will drive huge growth in BESS deployments over the next few years.
Flexibility will be a critical piece of the grid of the future and energy storage will play a central role in that, keynote speakers said at Solar Media’s Energy Storage Summit Central and Eastern Europe (CEE) 2024 today.
The decision to slash energy storage de-rating factors for the next capacity market auction in Poland will not be the death knell of the market, and may actually have some positives, project developers and IPPs said.
Investor Return has acquired an energy storage development platform in Germany, Swedish optimiser Flower has bought another large-scale BESS project, while Romania’s CIS Group has revealed a flurry of solar and storage projects.
DNO and IPP Electrica has received €3.4 million (US$3.8 million) in EU grants for a c.70MWh BESS project it will build in Romania.
News from the Nordics and the Baltics, with BESS projects launched in Sweden, Denmark and Latvia by Centrica, Nordic Solar and Niam Infrastructure and Evecon.
The Bulgarian Ministry of Energy began accepting applications yesterday (21 August) in tenders for 3,000MWh of energy storage capacity.
Sweden-headquartered lithium-ion technology Northvolt has concluded its strategic review, revealing it is divesting or ceasing non-core activities, sharpening its focus to battery cell manufacturing and reducing its workforce.
Investor DTEK will build 200MW of battery energy storage systems (BESS) in Ukraine as the country enters its third winter of war with Russia, with continued attacks on its electricity infrastructure looming.
Rimac Energy’s SineStack battery energy storage system (BESS) will deliver ‘zero energy capacity fade’ for the first two years of operation.