Energy

Energy Trade

Fuel Prices Under Average of Neighboring Countries

Prices at the pump in Hungary were under the average in neighboring countries during the week, according to data compiled...

Green Energy

Solar Tender Receives 32,430 Pre-registration Requests

Some 32,430 pre-registration requests had been received for the tender supporting the installation of modern solar systems by the time...

Energy Trade

Community Project Promoting Solar Energy Starts in Budapest

A project supporting the spread of community utilization of solar energy will be launched in Budapest with European Union support,...

Green Energy

Solar Panel Subsidy Scheme Gets HUF 30 bln Top-up

The government is raising the original HUF 75.8 billion allocation for a subsidy scheme supporting the installation of home solar...

Power

Paks II Blocks to Go Online by Start of 2030s ‘at the Latest’, Minister Says

Two new blocks at Hungary's Paks nuclear power plant will go online at the start of the 2030s "at the...

Trade, Economy, Energy Trade

UAE Economy Minister Discusses Opportunities in Budapest

The Minister of Economy for the United Arab Emirates, Abdulla Bin Touq Al Marri, spoke about investment opportunities in the...

Energy Trade

Gasoline Prices Level with Average in Neighboring Countries

Gasoline prices in Hungary were level with the average in neighboring countries during the week, but diesel prices were higher,...

Energy Trade

Trans Austria Gas Pipeline Could Add to Hungary’s Energy Security

The Trans Austrian Gas Pipeline could contribute to strengthening the security of Hungary's energy supply, Minister of Foreign Affairs and...

Green Energy

EU Invests Almost EUR 3 bln for Cleaner Energy Systems

The European Commission said yesterday that the European Union has disbursed EUR 2.967 billion via the Modernization Fund to support...

Energy Trade

Russian Attacks on Ukraine Raising Price of Hungarian Electricity

Much electricity from Hungary is being exported to Ukraine, whose energy system is lying in ruins due to Russian attacks....

Green Energy

Alteo Units Win HUF 9.4 bln of EU Funding for Battery Storage Projects

Three units of alternative energy company Alteo signed contracts on Monday for a combined HUF 9.4 bln of European Union...

Green Energy

MET Group, ToRa Launch Development Partnership With Solar and Storage Project in Saxony

MET Group has acquired a 100% stake in a German project company from ToRa GmbH. The project aims to develop...

Energy Trade

MOL Launches Arbitration Against Croatian Gov’t

Hungarian oil and gas company MOL has launched arbitration proceedings at the International Center for Settlement of Investment Disputes (ICSID)...

Power

2024 ‘Outstanding Year’ for Modernizing Electricity Network

2024 is an 'outstanding year' for the modernization of the Hungarian electricity network, State Secretary Zsófia Koncz at the Ministry...

Green Energy

MET Acquiring Majority Stake in Achema Group

The Swiss-based MET Group, which has Hungarian roots, has announced that it is interested in acquiring a 54.07% stake in...

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...