AWE patents energy storage solution

Analysis

Hungarian engineering company AWE has patented an energy storage solution for markets in Europe, Eurasia and the United States, business development director Bálint Dunai told Hungarian news agency MTI.

AWE will soon obtain a patent for the system, dubbed ItelliStore, for China, as well, Dunai said. 

AWE is in talks with companies in Western Europe and the United States on buying the first units of the product, which AWE will make in Hungary.

Majority Hungarian-owned AWEʼs experts have spent the last five years making energy storage systems based on lithium-ion batteries.

ADVERTISEMENT

458 new COVID cases registered in Hungary Figures

458 new COVID cases registered in Hungary

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.