Listed alternative energy company Alteo inaugurated a 5 MW battery storage facility in Kazincbarcika (180 km northeast of Budapest) yesterday, according to an announcement on the website of the Budapest Stock Exchange.
In a press release, Alteo said it won a HUF 228 million European Union grant for the project as well as HUF 250 mln in EU-supported credit.
With the inauguration, Alteo's combined battery storage capacity stands at 11 MW, making it market leader in Hungary.
With the inauguration, Alteo's combined battery storage capacity stands at 11 MW, making it market leader in Hungary.