Evaluating the business model of battery storage investment in HungaryUploaded: 7 of October, 2022

In this analysis we evaluate the business model of different types of battery storage systems on the Hungarian power market. We quantify the expected revenues from the wholesale market and the ancillary services market (using EPMM) and from the balancing energy market (using EBEMM) for the entire lifetime of the project. We present the hourly optimal storage system usage pattern, and analyse the effect of different changes in the market environment.

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The research was supported by the REKK Foundation.