ADVERTISEMENT

Hungary Aims to Double Geothermal Utilization by 2030

Green Energy

Image for illustration purposes only.

Wikimedia Commons

Hungary aims to double the amount of geothermal energy it uses by 2030, the Ministry of Energy Affairs said in a release on its Facebook page.

The National Geothermal Strategy aims to boost geothermal energy use from 6.4 PJ to 8 PJ by 2026, then to 12-13 PJ by the start of the coming decade, the ministry said.

The share of geothermal energy in Hungary's total thermal energy production would rise from 6.5% to 25-30% over that horizon.

The energy source would replace 1-1.2 billion cubic meters of gas by 2035, it added.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Marcelito Pomoy to Perform in Budapest Next Week Music

Marcelito Pomoy to Perform in Budapest Next Week

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.