Energy

Energy Trade

Gazprom Extra Gas Deliveries to Hungary to Rise to 5.8 mln m3 per Day

Gazprom will deliver up to 5.8 million cubic meters of gas per day to Hungary in September and October above...

Green Energy

MET Group Further Extends Renewables Portfolio in Europe

MET Group is growing its European renewables portfolio by expanding into the Polish market. The Swiss-based energy company with Hungarian...

Energy Trade

Hungary to Keep Seeking Additional Russian Gas

Hungary will continue talks with Russia on additional gas supplies and expects to reach a deal with Gazprom to boost...

Energy Trade

Hungary Gas Reserves Above Level Expected by EU

Reserves in five Hungarian gas storage facilities have reached 3.88 billion cubic meters by August 25, some 227 million cubic...

Green Energy

Alteo H1 Earnings Climb on Higher Revenue

After-tax profit of listed alternative energy company Alteo rose to HUF 8 billion in the first half of the year...

Green Energy

RWE Acquires Polish Solar Developer

German power company RWE said it has acquired the Polish solar developer alpha Solar, granting it ownership of a 3,000...

Power

Implementation License Issued for Paks II

The National Atomic Energy Office (OAH) has issued the implementation license for the expansion of the Paks nuclear power plant,...

Green Energy

Hungary Joins Azeri Initiative to Bring Green Electricity to Europe

Hungary has agreed to join an initiative by Azerbaijan to deliver electricity generated using renewable resources to Europe, Minister of...

Energy Trade

Utility Reduction Amendment Encouraging Energy Saving

The amendment of the rules for reducing utility bills encourages the population's modernization plans to save energy, according to a...

Energy Trade

Serbia Spends EUR 1.5 bln on Import of Electricity and Gas

So far, Serbia has spent EUR 1.5 billion on the import on electricity and gas, Minister of Energy Zorana Mihajlović...

Green Energy

Solar Panel Industry Assoc Head Warns of Delays

The head of the Hungarian Solar Panel Association said members may not be able to meet fully the recent increase...

Green Energy

Electricity Produced From Renewable Resources Rose 20.7%

The amount of gross electricity produced from renewable sources increased by 20.7% in Hungary in May compared to the same...

Energy Trade

Gazprom Starts Delivery of Additional Gas to Hungary

Gazprom started delivery of additional gas to Hungary - above the volume stipulated in the country's long-term contract - in...

Energy Trade

MÁSZ Gas Stations to Remain Open Aug 19-20

Gas stations of the Hungarian Petroleum Association (MÁSZ) will remain open on August 19-20, when 500-600 stations operated by the...

Energy Trade

Independent Gas Stations to Close Aug 19-20

Members of the Independent Gas Stations Association (FBSZ) and sympathizers will close on August 19-20 to raise awareness of the...

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...