Energy

Energy Trade

Hungary presses for pipeline exemption from Russian oil embargo

Hungary will push for an exemption of pipeline deliveries from an embargo on Russian oil proposed by the European Commission,...

Green Energy

MET’s corporate bond assigned green rating

MET Group’s Hungarian Solar Park corporate bond, issued in December 2021, has received a green rating from Sustainalytics, according to...

Energy Trade

MOL delivers energy infrastructure equipment to Ukraine

Hungarian oil and gas company MOL on Saturday said it delivered EUR 50,000 of energy infrastructure equipment to Ukraine as...

Green Energy

Photon Energy completes PV plant in Hungary

Photon Energy N.V. has announced that Photon Energy Solutions HU Kft. – the group's Hungarian subsidiary dedicated to engineering, procurement...

Power

Rosatom ‘able to carry out’ Paks upgrade, Szijjártó says 

Rosatom can implement the upgrade of Hungary's Paks nuclear power plant, Minister of Foreign Affairs and Trade Péter Szijjártó told...

Energy Trade

MEKH position on gas storage levels affirmed by peers

The position of the Hungarian Energy and Public Utilities Regulatory Office (MEKH) on linking mandatory gas storage levels to consumption,...

Energy Trade

‘No short-term replacement’ for Russian energy imports – Kovács

Zoltán Kovács, the government's international spokesman, said Hungary can't replace the gas and oil it imports from Russia in the...

Power

MVM revenue doubles in 2021

Consolidated revenue of state-owned energy group MVM rose 100% to HUF 2.851 tln last year, an annual report published on...

Energy Trade

Hungary gas supply uninterrupted – MEKH

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) said it is closely following developments related to gas deliveries to...

Green Energy

MOL to build EUR 22 mln green hydrogen plant

Hungarian oil and gas company MOL on Wednesday announced plans to build a EUR 22 million green hydrogen plant at...

Green Energy

PolSolar raises HUF 69.6 bln with BGS bond issue

PolSolar raised HUF 69.6 billion from the sale of a security issued in the framework of the Bond Funding for...

Power

Hungary gets another delivery of Paks fuel by air

Hungary has taken another delivery of fuel rods for the Paks nuclear power plant by air, Minister of Foreign Affairs...

Energy Trade

MEKH: Gas, electricity among cheapest in EU

According to an international price comparison study made by the Hungarian Energy and Utilities Regulatory Authority (MEKH) in March, natural...

Energy Trade

MVM becomes sole universal energy provider

State-owned energy company MVM has wound up a deal to acquire 100% of E.ON Áramszolgáltató, German-owned E.ON's local electricity distributor...

Power

Paks nuclear fuel rods delivered by air

Hungary has taken delivery of fuel rods for the Paks nuclear power plant (110 km south of Budapest) by air...

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...