MET Group inaugurates Hungary''s biggest battery energy
Met Duna Energiatároló, a unit of the MET Group, an energy company based in Switzerland with Hungarian roots, has inaugurated a 40 MW / 80 MWh battery storage at the
State-of-the-art battery storage has great development potential in both areas all over the world. Hungary's industrial, R&D traditions and capabilities are already outstanding in this field. The development of this sector can make the Hungarian battery industry a strategically important one in the Hungarian economy.
Samsung SDI, the battery manufacturing arm of Samsung, is expanding its presence in Hungary to meet the growing demand for electric vehicle (EV) batteries. The company is currently expanding its second battery factory in the country, with completion expected by September 2024.
State secretary for energy transition of the Energy Ministry Viktor Horvath noted that Hungary had built more than 8,000MW of solar capacity in the past 5-6 years and one-quarter of the electricity generated in the country came from renewable sources last year.
In North America, GS Yuasa holds a dominant position in the power sports battery market, supplying nearly 90% of the batteries used in power sport vehicles. GS Yuasa Hungary Ltd., established in 2017 in Miskolc, Hungary, is the company's first overseas lithium-ion battery plant.
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