Energy

Energy Trade

Alteo Earnings Slip, Albeit From High Base

Net income of listed alternative energy company Alteo fell 24% year-on-year to HUF 8.6 bln in Q1-Q3, an earnings report...

Energy Trade

Hungary Gas Reserves Above Early Nov Target Level

Gas volume in Hungary's storage facilities is above the target level of 90%, the energy ministry said on Friday, according...

Green Energy

Energy Ministry Drafts Legislation to Expedite Green Transition

The Energy Ministry published draft legislation on Wednesday that aims to promote the green transition, according to a report by...

Green Energy

Close to 1,000 Households Finish Subsidized Solar Panel Investments

Nearly 1,000 households have completed investments supported by subsidies for solar panel and battery storage, the Energy Ministry said on...

Green Energy

Grid Development Foundation for Energy Transition – Steiner

Developing resilient, sustainable electricity grids that are ready for the future is the foundation for the energy transition across the...

Energy Trade

Hungary, Gazprom Sign Deal on Competitively-priced Gas

State-owned Hungarian energy group MVM and Russia's Gazprom have signed a supplementary commercial contract that will ensure the continued delivery...

Energy

Hungary Gas Consumption Falls

Gas consumption in Hungary reached about 5.5 billion cubic metres in January-September, state news wire MTI reports....

Energy Trade

September Fuel Prices Under Regional Average

Prices at the pump in Hungary were under the average in neighboring countries in the month of September, data compiled...

Energy Trade

Stored Natural Gas Rises to 6 bln Cubic Meters

With 6 billion cubic meters of natural gas in storage facilities, Hungary is suitably prepared for winter, the energy ministry...

Energy Trade

MOL Signs Deal to Develop Gas Reserves in Azerbaijan

Hungary's MOL and its joint venture partners have signed commercial agreements to develop gas reserves in Azerbaijan, the oil and...

Green Energy

Biomethane Output Must Triple – Report

Hungary needs much more biogas and biomethane purified from it than at present, writes business daily Világgazdaság....

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

The first-half sales revenue of state-owned energy group MVM fell 22% year-on-year to HUF 2.156 trillion, according to an earnings...

Energy Trade

Ganz’s Giant Transformer to Connect Hungarian and Eastern European Power Grids

Ganz has delivered its highest voltage transformer since its reorganization to one of the most important facilities in Hungary's electricity...

Green Energy

Over 20,000 Households Applied for Solar Panel Subsidies

More than 20,000 households have applied for subsidies to install solar panels and battery storage in a scheme launched in...

Energy

Energy Affairs Ministry Announces Hydrocarbon Concessions Tenders

Hungary's Energy Affairs Ministry on Wednesday announced tenders for hydrocarbon concessions in eight areas, according to a report by state...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Budapest Rooftops Could Generate 2.5 Times Paks Output, Mayor Says

Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar...