Energy

Energy Trade

Hungary seeks additional gas in Moscow

Minister of Foreign Affairs and Trade Péter Szijjártó visited Moscow on Thursday with a government mandate to buy an additional...

Green Energy

Bosnian utility to deploy 50 MW of solar on coal waste site

JP Elektroprivreda BiH (EBiH), the public utility of Bosnia-Herzegovina, has signed a 30-year concession agreement with the Ministry of Economy...

Green Energy

Alteo preparing to double solar power plant capacity

Alternative energy company Alteo agreed to acquire Edelyn Solar, which is set to develop a new, 20 MW solar plant...

Green Energy

Solar energy supplies 37% of electricity

The total production of solar power plants in Hungary exceeded 1,836 megawatts (MW) on July 13, according to data from...

Energy Trade

Hungary looking to source gas from East, West

Hungary is in talks to source gas, in addition to its long-term delivery contracts, with suppliers in both the east...

Power

ExxonMobil Continues Investing in People in Hungary

A change in leadership always brings with it a degree of uncertainty. U.S. energy giant ExxonMobil has sought to emphasize...

Energy Trade

IAEA reviews Hungary’s nuclear emergency preparedness, response framework

An expert team of the International Atomic Energy Agency (IAEA) has concluded a five-day follow-up mission to review Hungary's emergency...

Energy Trade

ICSID decides in favor of MOL in Croatia arbitration case

The International Center for Settlement of Investment Disputes (ICSID) has decided in favor of Hungarian oil and gas company MOL...

Energy Trade

Amount of natural gas stored in Hungary increases

The amount of gas stored in the European Union in May was 10 percentage points higher than a year ago,...

Green Energy

EBRD lending EUR 25 mln to N. Macedonia’s ESM for solar parks

The European Bank for Reconstruction and Development said it is providing a loan of EUR 25 million (USD 26.1 million)...

Green Energy

MVM renewables unit to build solar park in Debrecen

MVM Zöld Generáció, the renewable energy unit of state-owned utilities company MVM, on Thursday announced the launch of a HUF...

Energy Trade

Gas deliveries resume through Turkish Stream

Gas deliveries to Hungary resumed from the south on Monday evening after scheduled maintenance work was completed on the Turkish...

Green Energy

Alternus Energy to buy 184 MW Polish PV

Dublin, Ireland-based independent power producer (IPP) Alternus Energy Group said it has signed agreements to acquire additional solar farms in...

Energy Trade

Hungary highly dependent on Russian oil and gas, Gulyás says

Until alternatives are developed, Hungary is highly dependent on Russian oil and gas, Gergely Gulyás, the head of the Prime...

Green Energy

MEKH concludes feed-in tariff tender

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) accepted offers for 271 GWh of electricity and 27 MW of...

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...