E.ON to invest €60 million in funding research


E.ON has earmarked €60 million over the next 10 years for an international research initiative that will enable energy experts from around the world to apply to the company for funding for energy research projects.

The disciplines covered by the initiative will change, with a competition being held every year. This year's budget of €6 million is being tendered in a competition dedicated to energy storage. Mounting use of renewable energy is going to increase the significance of this technology.

For example, offshore wind farms, which E.ON is actively promoting, deliver electricity when there is plenty of wind, without this necessarily being the time when electricity is in demand. A key issue is therefore short-term and seasonal storage.

Funding will be granted to teams and researchers at universities and research institutes. E.ON is funding research into new, innovative solutions in projects scheduled to last for several years. (energy-business-review.com)


Gov't Extends Interest Rate Freeze to Student Loans Banking

Gov't Extends Interest Rate Freeze to Student Loans

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Retail Sales in Hungary up 0.6% y.o.y. in Oct Retail

Retail Sales in Hungary up 0.6% y.o.y. in Oct

MTÜ Launches Int'l Campaign for Hungarian Spas Tourism

MTÜ Launches Int'l Campaign for Hungarian Spas


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.