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Europe Daily Bulletin No. 13206

22 June 2023
ECONOMY - FINANCE - BUSINESS / State aid
European Commission approves a €1.1 billion Hungarian scheme to support investment in electricity storage facilities
Brussels, 21/06/2023 (Agence Europe)

The European Commission announced, on Wednesday 21 June, that it had approved a €1.1 billion (approximately HUF 436 billion) Hungarian scheme to support investment in energy storage in order to facilitate the integration of high-capacity renewable energy sources into the Hungarian electricity system.

The scheme is aimed at companies in the Hungarian energy sector, with the exception of financial institutions, and covers all storage technologies. The measure will also be open to...

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