Energy

Energy Trade

Gazprom begins implementing plan for gas injection into 5 European storages

Russia's state-controlled Gazprom said Tuesday it had started to implement a plan for gas injection this month into five of...

Energy Trade

Gas prices in Europe rise as supplies remain scarce

Gas prices in Europe surged past EUR 80 a megawatt-hour (MWh) in the second week of November, as gas orders...

Energy Trade

Bulgaria grants 35-yr natgas transmission license to ICGB

ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that Bulgaria's Energy and Water Regulatory Commission (EWRC) granted it...

Power

Alteo inaugurates battery storage facility

Listed alternative energy company Alteo inaugurated a 5 MW battery storage facility in Kazincbarcika (180 km northeast of Budapest) yesterday,...

Power

Paks II to comply with OAH request

Paks II, the project company for upgrading Hungary's sole commercial nuclear power plant, is expediting responses to a National Atomic...

Power

Czech ČEZ to raise electricity prices from next year

Czech energy giant ČEZ has announced that it will be raising its electricity prices at the beginning of next year....

Energy Trade

Energy leaders to discuss future of gas at 3. Budapest LNG Summit

A global energy crunch sent natural gas prices soaring and hitting record highs in the past month. What are the...

Energy Trade

Romania’s market regulator hikes regulated central heating price

Romanian energy market regulator ANRE approved the new regulated prices for the heat delivered to municipal distribution systems, local media...

Energy Trade

European Energy sells 3 Lithuanian projects

Danish renewable developer European Energy said it has divested three wind farms in Lithuania, its largest disposal to date....

Energy Trade

Slovakia ready for winter season, has sufficient gas supplies

A stress test ordered by the Economy Ministry showed that Slovakia has sufficient gas supplies for this winter season, state...

Energy Trade

Higher energy prices could ‘kill the middle class’ – Orbán

Prime Minister Viktor Orbán said European Commission initiatives linked to the Green Deal would raise energy prices and "kill the...

Power

Alteo Exploits Increasing Volatility in Electricity Market from Growth in Renewable Generation

In the Alteo 2020 company report, under a section entitled “What we at Alteo like most about Alteo,” the first...

Green Energy

How AI is Optimizing the Hungarian Energy Sector

With ever more renewables at play in Hungary’s energy mix, predicting how much energy would be available from natural sources...

Green Energy

Share of Solar Power in Hungary’s Energy mix Continues to Grow, Backed by State Subsidies

The share of renewables in the energy mix is constantly growing worldwide and locally, bringing about the need to develop...

Energy Trade

Building Organic Growth on Stable Operations

MVM Partner CEO Kornél Czinege talks to the Budapest Business Journal about how the company is trying to reduce risks...

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...