Energy

Energy Trade

Ukraine Crisis: MOL says Hungary’s energy supply is secure

Hungarian oil and gas giant MOL has told the Budapest Business Journal that it has enough capacity to ensure energy...

Power

MVM to acquire E.ON regulated market electricity distributor

State-owned energy company MVM on Thursday announced an agreement to acquire 100% of E.ON Áramszolgáltató, German-owned E.ON's local electricity distributor...

Green Energy

Lithuania’s Ignitis scraps deal to buy 170-MW PV portfolio in Poland

The renewables arm of Lithuanian energy company Ignitis Grupe AB has canceled an agreement for the acquisition of up to...

Green Energy

Hungary reaches 19.2% renewables share in 2021

Renewables accounted for 19.2% of Hungary's electricity generation in 2021, according to preliminary statistics by the Hungarian Energy and Public...

Power

Vast Majority of Hungarians Would opt for new Hybrid or EV

Some 72% of Hungarian car buyers say they would pick either a hybrid or electric car the next time they...

Green Energy

Poland generated record amount of electricity from wind power in Jan

Poland generated a record amount of energy from wind in January, with turbines meeting around a third of the country's...

Green Energy

CWP Europe unit to build 150 MW PV plant in Zaječar, Serbia

Belgrade-based Solarina, a unit of Luxembourg-based renewable energy developer CWP Europe, will build a photovoltaic (PV) power plant with a...

Energy Trade

PGNiG natgas to cut gas price for small businesses 

Polish natural gas group PGNiG's retail unit PGNiG OD is cutting natural gas price for its business clients further with...

Green Energy

Serbia’s Gobem plans to build 9.45 MW PV plant 

Belgrade-based electric company Gobem will build a photovoltaic (PV) power plant with a capacity of 9.45 MW in Serbia's northern...

Green Energy

V4 energy ministers discuss hydrogen in Budapest

Energy ministers of the Visegrád Group - Hungary, Czechia, Poland, and Slovakia - discussed the planning and establishment of a...

Energy Trade

Romania’s Electrica subsidiary EFSA expands in Hungary

Romanian power supplier and distributor Electrica Group said that its supply subsidiary Electrica Furnizare S.A. (EFSA) was granted an electricity...

Green Energy

Lithuania devotes EUR 40 mln for solar rebates in 2022

The Lithuanian government has decided to allocate a total EUR 40 million (USD 45.7 million) in funds for its residential...

Green Energy

Alteo receives ESG certificate

Alteo Energiaszolgáltató Nyrt. has become the first in the Hungarian energy sector to obtain an independent, international ESG certificate, according...

Energy Trade

Wizz Air’s Váradi: ‘Fly the Greenest’

József Váradi, CEO of the Hungary-based low-cost carrier Wizz Air Group, has taken the unusual step for an airline boss...

Energy Trade

EIB’s 1st Green Loan for Hungary Will Unlock EUR 300 mln for Improved Home Energy Efficiency

The European Investment Bank (EIB), the bank of the European Union, is to provide EUR 300 million to the Ministry...

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...