European Commission Okays $1.2 Billion Aid for Hungary’s Energy Storage Program

Hungary plans to install more than 1,600 MWh of new electricity storage facilities

June 23, 2023

/ Arjun Joshi
/ Energy Storage, Finance and M&A
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The European Commission has approved Hungary’s €1.1 billion (~$1.2 billion) program to support electricity storage facilities, aiming to accelerate the country’s transition into a net-zero economy.

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Arjun Joshi

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Energy StorageEuropeEuropean CommissionFundingHungary
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