Energy

Energy Trade

Crude Deliveries Through Druzhba Restart

Deliveries of Russian crude in the direction of Hungary through the Druzhba pipeline have restarted, albeit at low pressure, Minister...

Energy Trade

Gas Reserves Increase in September

According to the latest official data, the amount of safety and special natural gas reserves totaled more than 17.71 million...

Green Energy

Hungary Hoping Battery Business Will Supercharge Green Economy

The second Hungarian Battery Day, organized at the Hotel Marriott Budapest by the Hungarian Battery Association and White Paper Consulting,...

Energy Trade

Grid Balancing Tax to Cost Alteo HUF 2 bln in 2022 

Listed alternative energy company Alteo on Thursday said a new windfall profit tax on companies that provide grid balancing services...

Energy Trade

MOL Completes Divestment of U.K. Upstream Assets

Hungarian oil and gas company MOL on Thursday said it successfully closed the sale of all of its upstream assets...

Energy Trade

Romania to Supply 90% of Moldova’s Electricity Needs

Romania is set to supply Moldova with 90% of its electricity needs after the Russia-backed separatist region of Transnistria cut...

Green Energy

Alteo Shelves Bond Issue

Listed alternative energy company Alteo on Thursday announced a decision to shelve a bond issue, according to a report by...

Green Energy

Solar Capacity Saves Hungary EUR 123 mln Since March

The increase in solar energy capacity has saved more than EUR 123 million since March, State Secretary Responsible for Energy...

Green Energy

MVM Zöld Generáció Building HUF 11.5 bln Solar Park

MVM Zöld Generáció, the renewables unit of state-owned energy company MVM, launched the construction of a HUF 11.5 billion solar...

Green Energy

3/4 of Hungarians Say Energy Crisis Must Accelerate Green Transition

Around 77% of Hungarians believe the war in Ukraine and the consequences on oil and gas prices should accelerate the...

Power

Electricity Distributors Unveil Projects to Boost Renewables Capacity

Regional electricity distributors MVM Démász and MVM Émász on Friday showcased projects involving over HUF 70 billion in network upgrades...

Energy Trade

Poland’s PKN Orlen to Build Hydrogen Refueling Stations 

Polish fuel giant PKN Orlen said it will build three hydrogen refueling stations in Wałbrzych, Poznań and Katowice....

Green Energy

The Way Ahead for Green Energy in Hungary

The cost of energy is perhaps the single biggest concern for households and businesses today. Electricity prices have risen multiple...

Energy Trade

Nagy Advocates for Public Intervention in Corporate Sector to Solve Energy Crisis

Minister for Economic Development Márton Nagy argued that addressing the current energy crisis requires public intervention in the corporate sector...

Energy Trade

How Can Companies Consolidate Turbulent Energy Costs for 2022 and Beyond

These are undoubtedly challenging times for businesses in Hungary and across the whole European continent....

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

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...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

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...