The subsidies, available to the transmission system operator and electricity distributors, aim to promote renewable energy sources dependent on the weather, the ministry said.
Applicants must pledge to complete their electricity storage investments by the summer of 2025.
The scheme aims to support the addition of 146 MWh of storage capacity to the grid by the end of May 2025, double the capacity under construction at present.
Decisions on applications for the support are expected to be taken in the summer.
Together with a separate program supporting electricity storage investments by other companies, funding available for such projects could add up to HUF 120 bln, the ministry noted.
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