en.Wedoany.com Reported - Hungarian energy company Energiabörze Power has completed the construction of a lithium-ion battery energy storage system with a total installed capacity of 2.996 MW and a storage capacity of 4.771 MWh, with the project located at two sites in Almásfüzitő and Cibakháza. The Almásfüzitő site has an installed capacity of 2 MW and a storage capacity of 2.4 MWh, while the Cibakháza site has an installed capacity of 0.996 MW and a storage capacity of 2.371 MWh.

The total investment in the project is 1.274 billion Hungarian forints (approximately USD 4.08 million), of which 217.7 million Hungarian forints come from the EU Recovery and Resilience Facility, provided as non-repayable grants under the RRF-6.5.1-23 grid energy storage tender framework.

The Energiabörze Group stated that the core function of this energy storage system is to effectively integrate weather-dependent renewable energy generation into the Hungarian national grid. By using the storage facility to shave peaks and fill valleys for intermittent power sources such as solar and wind energy, it helps enhance the grid's capacity to absorb renewable energy, while also creating grid connection conditions for new renewable energy generation projects.

Energiabörze is a Hungarian energy aggregation and trading company, with operations covering combined heat and power, photovoltaic, biogas power generation, waste incineration, and energy storage facility operations for both its own and partner facilities. The company is one of the market participants approved in Hungary to participate in aFRR (automatic Frequency Restoration Reserve) regulation.