Hoshine Silicon said it will move forward on the construction of a solar glass factory in Urumqi, the capital of China's Xinjiang region, with a planned capacity of 1.5 million metric tons (MT). The move is part of the company's plan to expand across the entire PV supply chain. [pdf]
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There are several subsidy programs available for Battery Energy Storage Systems (BESS):In Poland, there are new subsidy schemes under legislative review with budgets of PLN 4 billion and €200 million to support businesses investing in lithium-ion technology and grid infrastructure1.In Japan, the government has introduced subsidies for battery storage equipment purchases and project construction costs, with a total of JPY 9 billion allocated for these initiatives2.Additionally, Japan's government is promoting stationary battery storage and power grid expansion to support renewable energy capacity, which is also linked to subsidy programs3.The Sustainable Open Innovation Initiative in Japan has awarded 34.6 billion yen in subsidies for projects that expand renewable energy through energy storage4.These programs are part of broader efforts to enhance energy systems and support the transition to renewable energy sources. [pdf]
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Hungary’s largest energy storage facility is currently under construction near Szolnok, with Chinese company Huawei involved in the solar energy project. The contract was signed in February, with MAVIR Ltd. as the investor. [pdf]
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In Hungary, several energy storage system projects are currently underway:Largest Energy Storage Facility: A 20 megawatt energy storage facility with a capacity of 60 megawatt-hours is being built in Szolnok by Forest Vill Ltd. for MAVIR Ltd. as part of an HUF 8.5 billion project1.GRES Energy Storage System: A GRES-energy storage system has been successfully connected to a pencil factory in Hungary, optimizing energy use and providing economic benefits by leveraging peak and valley electricity prices2.Government Funding: The Hungarian government has allocated HUF 62 billion for energy storage projects, supporting the installation of grid-integrated systems and promoting the completion of 50 facilities by 20264.These initiatives reflect Hungary's commitment to enhancing its energy storage capabilities and integrating renewable energy sources. [pdf]
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Since 2011, Intelligent Power Solutions (IPS) — a four-star Huawei Certified Service Partner — has been delivering high-level solutions to customers in Hungary, from Information Technology (IT) Uninterruptible Power Supply (UPS) backup to turn-key data center implementations. [pdf]
Hungary averages between 1,950 and 2,150 hours of sunshine per year, with an intensity of 1,200 kWh/m 2 per year. 1 In Hungary, the annual average potential for PV energy ranges from 1,050 to 1,450 kWh/kWp. 2 In July 2024, the average wholesale electricity price in Hungary was 151 $/MWh. 3 [pdf]
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