Energy

Green Energy

Hungary Aims to Double Geothermal Utilization by 2030

Hungary aims to double the amount of geothermal energy it uses by 2030, the Ministry of Energy Affairs said in...

Green Energy

Alteo Shareholders Approve HUF 400/Share Dividend

Shareholders of listed alternative energy company Alteo approved payment of a HUF 400-per-share dividend at an annual general meeting on...

Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Gasoline prices in Hungary stand 3.2% over the regional average, data released by the Central Statistical Office (KSH) on Friday...

Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

MET Group, an international energy company that is based in Switzerland but has Hungarian roots, saw its second most profitable...

Green Energy

Hungary Needs Locally-produced Sustainable Energy

Due to Hungary's considerable energy exposure, it needs locally-produced and sustainable, environmentally-friendly energy, said State Secretary Attila Steiner of the...

Green Energy

Ukrainian, Hungarian Hydrogen Associations Sign MoU

The Ukrainian Hydrogen Council and Hungarian Hydrogen Technology Association have signed a memorandum of understanding on joint hydrogen projects, according...

Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovative Grid Solutions

Today, energy security is one of the most important issues for society in Europe. Hungarian families and businesses are becoming...

Green Energy

MOL Inaugurates EUR 22 mln Green Hydrogen Plant

Hungarian oil and gas company MOL inaugurated a EUR 22 million green hydrogen plant at its refinery in Százhalombatta, on...

Green Energy

E.ON Hungária to Install 43 MW Solar Park at BMW Plant

E.ON Hungária Group will build and operate a 43 MW solar park for BMW Group Plant Debrecen under a contract...

Energy Trade

Hungary Aims to Extend Shell LNG Deal

Minister of Foreign Affairs and Trade Petér Szijjárto provided an update on Hungary's commercial LNG agreement with global energy company...

Green Energy

Energy Ministry Requesting Citizen Input

Hungary's common cause is green energy, which is why the government is asking citizens' opinions online on 13 important issues,...

Power

HUPX Joining Serbian, Slovenian Peers in Adex

Hungarian power exchange operator HUPX is joining its Serbian and Slovenian peers in the Alpine-Adriatic Danube Power Exchange (Adex), aiming...

Energy Trade

Deliveries of Turkish Gas to Hungary to Start April 1

Deliveries of Turkish gas to Hungary will start on April 1, Minister of Foreign Affairs and Trade Péter Szijjártó said...

Energy Trade

MOL to Boost Share of Low-carbon CAPEX

Hungary's MOL will raise its share of spending on low-carbon investments to 30-40% of total CAPEX in 2025-2030, an update...

Green Energy

Swiss Axpo, US Jabil Extend Energy Partnership in Hungary

U.S. electronic manufacturer Jabil Inc. has ensured a 100% renewable power supply for its operations in Hungary after expanding its...

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...