Energy
Less dependence on the weather: energy storage facility to be built next to the Tisza Power Plant
MVM Tisza Erőmű Kft. is implementing its latest investment with the help of nearly 4.2 billion forints in non-repayable European Union funding. A battery energy storage unit with a nominal capacity of 31 megawatts (MW) and a capacity of 62 megawatt hours (MWh) is being built at the company's site in Tiszaújváros, the MVM group announced on Friday with MTI.
The nearly 10 billion HUF investment is being financed by the European Union and the Hungarian government's Recovery and Resilience Facility (RRF).
The power plant and the reservoir support each other
The storage facility will be built next to the 1000-megawatt Tisza Combined Cycle Gas Turbine Power Plant (CCGT). The project for the two-unit, high-efficiency, low-carbon power plant, which is partially suitable for hydrogen combustion, is described in last December. The investment is financed by a long-term syndicated loan agreement worth EUR 1.2 billion.
The two developments bring together two cutting-edge technologies in one location: a 1000 MW combined cycle power plant and a modern, chemical-based energy storage system. Although the two facilities will operate independently of each other, their common goal is to support the balancing of renewable energy sources and to strengthen the flexibility and stability of the electricity system, according to MVM.
A similar hybrid development was reported in Vas County: in Söptén a 2.2-megawatt solar power plant was inaugurated last May, while the foundation stone was laid for an electricity storage unit with a capacity of 4 MWh.
The investment will be completed at the beginning of summer.
The MVM also mentioned that the newly announced development will create a state-of-the-art energy storage system capable of supporting the balancing of weather-dependent producers. In addition, it will compensate for the impact of weather-dependent units on the grid, strengthen the flexibility of the electricity grid and reduce greenhouse gas emissions.
The containerised energy storage unit, based on lithium-ion technology, will operate alongside the existing smaller-capacity system. The energy storage facility is expected to be completed by 30 June 2026.
Source: Link
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