Launch of Eurus Energy Group's First Renewable Energy Project in Hungary

Eurus Energy Europe B.V., an overseas group company of Eurus Energy Holdings, has completed the construction of the Baracska PV & BESS Hybrid Project (grid capacity: 4,975 kW) in Fejér County, Hungary. Commercial operation was confirmed by the system operator on April 30, 2026. This marks the group's first renewable energy project in Hungary and expands the group's footprint to 18 countries and regions globally, including 7 countries in Europe.

Hungary has legislated carbon neutrality by 2050. Its National Energy and Climate Plan (NECP) targets a 29% renewable energy share of final energy consumption by 2030. While renewable adoption, especially solar, is expanding rapidly, challenges include managing output fluctuations and stabilizing the power grid, creating a demand for flexibility through battery storage.

The plant is a hybrid facility integrating 4,975 kW of solar capacity with a 20,060 kWh battery storage system. By storing surplus power during peak generation hours and discharging during high-demand periods, it contributes to grid supply-demand balancing and load reduction. Flexible operation in response to market price fluctuations also enables participation in the Hungarian balancing market.

The facility is operated by Racka Lit Kft. The plant will supply electricity equivalent to the consumption of approximately 3,300 typical Hungarian households via sales in the wholesale market. It is expected to reduce CO2 emissions by up to 2,200 tons annually.

Guided by its corporate philosophy, Eurus Energy continues to contribute to environmental conservation and a sustainable society through the expansion of clean energy and stable power supply using technologies like battery storage.