In the presence of János Áder, President of the Republic, and László Palkovics, Minister of Innovation and Technology, the first research and development program of ALTEO, worth EUR 3,2 million, was completed. The Hungarian listed company was one of the first companies in Central-Eastern Europe and Hungary to build an industrial-scale battery storage facility. The innovation was supported by the National Research, Development and Innovation Office with nearly EUR1,5 million.
The implementation lasted from July 2017 to June 2019, and since August last year the test run and minor improvements have been implemented. The facility has been successfully connected to the domestic electricity network by ALTEO, which can greatly contribute to the utilization of weather-dependent renewable energy sources such as solar and wind.