Renewable Energy Production and Storage Options and their Economic Impacts in Hungary

The study reviews the most relevant renewable energy sources, focusing on their possible application, economic aspects and potential for Hungary. Feasibility analysis is made plant-sized photovoltaic devices, wind turbines, geothermal power plants biomass plants. It was found that solar cell technology has highest revenue. However, its further spread limited by several factors, such as reactive effect market, grid problems, weather dependency. A solution these problems to use storage systems. For sake of simplicity, only economically mature technologies are investigated, including pumped hydroelectric storage, batteries, green hydrogen production, thermal connected a heat plant. payback calculations require simple simulation algorithm calculate revenue using Hungarian data. With simulation, important indicators estimated. As result calculations, we suggest be built, or if it impossible, Paks 2 nuclear plant should completed with facility.