MET Group, Navitasoft, Dunamenti partner on R&D project
Swiss-based energy company MET Group said it is partnering with Hungarian software company Navitasoft and Hungary's Dunamenti Power Plant to develop a solution to the ups and downs of weather-dependent green power production, according to a report by state news wire MTI.
The project "will examine potential alternative methods of utilizing renewable energy sources, and how optimised automated algorithms can balance weather-dependent, intermittent power generation," MET Group said.
The project involves installing a close to 4 MW two-hour capacity battery at the Dunamenti Power Plant in Százhalombatta, south of Budapest, and using the experience gained with the battery to develop an aggregator platform that boosts the flexibility of the power generation market.
The HUF 1.6 billion R&D project is supported by a HUF 399 million grant from the National Research, Development and Innovation Fund.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.