Energy

Green Energy

Astrasun Solar, Műszertechnika-Holding, IK Metál Ink Partnership Deal

Astrasun Solar, listed on the Budapest Stock Exchange, Műszertechnika-Holding, a company under the same ownership as bus manufacturer Ikarus bus,...

Energy Trade

E.ON Launching HUF 74 bln in Network Investments

Electricity distributor E.ON Hungária has announced the launch of HUF 74 billion of network investments between now and 2026, according...

Green Energy

MET Group Launches Solar Parks in Hungary

MET Group, an energy company based in Switzerland with Hungarian roots, started the commercial operation of two solar parks in...

Energy Trade

Lantos Augurs 5x Increase in Energy Investments

Minister of Energy Affairs Csaba Lantos augured a five-fold increase in energy infrastructure investments in Hungary in the coming seven...

Green Energy

Onde Hired to Build 50-MW Wind Farm in Poland

Onde SA, the renewables construction business of Polish group Erbud SA, said it had signed a conditional contract for works...

Green Energy

Austria to Back Solar Expansion, Eases Approval Rules

Austria is planning a set of measures that aim to further promote the rollout of renewable energy across the country,...

Energy Trade

Hungary Gas Consumption Falls Significantly in December

Gas consumption in Hungary fell almost 24% in December from the same period a year earlier, the Ministry of Energy...

Energy Trade

MOL Signs Crude Delivery Contract With Croatia’s Janaf

Croatian crude pipeline operator Janaf on Monday said it signed a contract for the delivery of half a million tonnes...

Power

Energy Minister Puts Paks II Completion Date at 2032

The construction of two more blocks at Hungary's Paks nuclear power plant could be completed by 2032, Minister of Energy...

Energy Trade

Fuel Prices to Rise From Wednesday

According to holtankoljak.net, the price of both gasoline and diesel will rise significantly from Wednesday....

Green Energy

Energy Prices Cause Pain but Spur Innovation

From expected themes such as solar and wind generation via technical limitations like grid stability to the seemingly exotic historical...

Power

Hungary Gets Fuel Rods via Ship, Rail

Another delivery of fuel rods from Russia for the Paks nuclear power plant has arrived in Hungary, Minister of Foreign...

Energy Trade

Hungary to Import Green Electricity From Azerbaijan

A quadrilateral agreement has been reached, as a result of which, Hungary will be able to import green electricity from...

Energy Trade

Hungary Signs Deal Paving Way for Qatari Gas Purchases

Hungary has signed a political agreement clearing the way for the start of talks between energy group MVM and QatarEnergy...

Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

Hungary has won an exemption from a price cap on Russian crude, Minister of Foreign Affairs and Trade Péter Szijjártó...

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...