In terms of market dynamics, Chinese solar panel manufacturers reported having massive inventories and significant storage in the EU, which temporarily brought down prices. However, expectations suggest that price stagnation will last for about 2-3 months before a general increase is anticipated. Furthermore, the global market outlook illustrates that the European market is growing at an enormous rate – even faster than most other regional markets in the world..

The exhibition placed special emphasis on presenting energy storage systems, essential for reliable and stable renewable energy supply. The significance of electromobility and charging infrastructure was highlighted, providing an opportunity to explore the latest developments and innovations.

The exhibition aimed to promote sustainable mobility and showcase the transformation of the energy industry – the demand for 24/7 sustainable energy production is increasing in sectors such as electricity, heat, and mobility sector.

In Hungary, several announcements were made regarding the establishment of battery manufacturing capacities. These manufacturers currently produce batteries for cars in Hungary but plan to expand their portfolio to include energy storage systems for solar panels as well. There was considerable interest around BYD, primarily known for their electric vehicles, which attracted significant attention this year.

Charging solutions for fleets, combined with affordable renewable energy production and sustainable mobility, were showcased in the outdoor area, such as the PV parking lot. Additionally, more test driving opportunities were provided to offer visitors a complete experience of electromobility. HRP Europe Ltd. initiated contact with several potential manufacturers to establish partnerships.

One of the keys to a secure and stable 24/7 renewable energy supply is battery storage, as it provides flexibility to the electric grid. The conferences began with high-quality programs, followed by companies showcasing their new energy production and mobility solutions.

The focus, as mentioned earlier, was on the intelligent integration of the electricity, heat, and mobility sectors into a single smart energy network, exploring possible combinations and integration of photovoltaics, storage, and electromobility.