Energy

Power

Gov’t could seek to extend Paks lifespan by 10-20 years

Hungary's government is committed to extending the lifespan of the Paks nuclear power plant, Technology and Industry Minister László Palkovics...

Energy Trade

MOL refinery back at full capacity

Hungarian oil and gas company MOL's refinery in Százhalombatta (about 24 km south of Budapest), south of the capital, is...

Energy Trade

Hungary gas stores at over 36% capacity

Hungary has 2.3 billion cubic meters of gas in domestic storage, around 36.3% of total capacity, the Hungarian Energy and...

Energy Trade

Russian gas deliveries fall to 88% due to technical issues

Deliveries of Russian gas to Hungary have dropped to 88% of normal levels in recent days because of technical issues,...

Energy Trade

Black Sea Oil & Gas delivers 1st gas from Romanian offshore MGD project

Romania-based Black Sea Oil & Gas (BSOG) said on Wednesday, as reported by SeeNews, that production has started from the...

Energy Trade

Hungary frees up part of strategic motor fuel reserves

Hungary is making available part of its strategic motor fuel reserves for domestic use, similar to a move by Austria,...

Energy Trade

Hungary, Serbia sign energy agreements

Agreements have been signed allowing Serbia to store 500 million cubic meters of gas in Hungary for the winter and...

Green Energy

Homes with solar panels at 120,000+ in March

The number of Hungarian homes with solar panels participating in a feed-in tariff scheme reached 120,313 at the end of...

Energy Trade

Poland imports record monthly number of LNG shipments

Poland received a record number of shipments of liquefied natural gas (LNG) through its terminal in Świnoujście in May, according...

Green Energy

Work starts on 45 MW of solar in Bosnia

Bosnia's Foreign Investment Promotion Agency (FIPA) said on the last week that Bergen, Norway-based developer Greenstat has started working on...

Green Energy

Hungary joins International Solar Alliance

Hungary has joined the International Solar Alliance (ISA), an initiative launched by India and France, to accelerate its investments in...

Green Energy

Solar energy use comes to fore in past 2 years

In the last two years, solar energy utilization has come to the fore among both the population and companies in...

Green Energy

MVM ESCO completes 1st solar park

MVM ESCO Urban has completed its first solar park investment, the energy service company of Hungary's state-owned energy company MVM...

Energy Trade

Hungary gas stores at 25% capacity

There were 1.6 billion cubic meters of gas in Hungary's underground stores, just over 25% of capacity, by mid-May, the...

Green Energy

Green Genius, Sequoia strike 66 MW Polish solar deal

Green Genius and Sequoia Investment Management Company Limited, acting as an investment advisor on behalf of Sequoia Economic Infrastructure Income...

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...