Energy

Green Energy

Mátrai Erőmű lays cornerstone of HUF 6.5 bln solar power plant

Power plant company Mátrai Erőmű laid the cornerstone of a HUF 6.5 bln solar power plant in Visonta, northern Hungary on Friday. ...

Energy Trade

Operating permit issued for Hungary-Slovakia gas interconnector

Hungarian utilities regulator MEKH today issued an operating permit for an interconnector between the gas networks of Hungary and Slovakia,...

Energy Trade

MOL reports commercial discovery, acquisition in Pakistan

Hungarian oil and gas company MOL announced a commercial discovery today at a well it operates in the Pakistanʼs TAL...

Energy Trade

Tel Aviv’s Biomed 2015 welcomes Hungarian companies

Hungarian companies are showcasing medical equipment for prevention and treatment as well as natural health preparations at the country’s stand...

Green Energy

Paks to pay HUF 8.2 bln dividend to the state on falling revenue

At its annual general meeting on Friday, MVM Paksi Atomerőmű decided that on August 15 it would pay a HUF...

Energy Trade

Magyar Földgáztároló begins stockpiling gas for winter

Gas storage company Magyar Földgáztároló has begun stockpiling gas reserves for next winter, pumping 1.2 million cubic metres a day...

Energy Trade

Visiting minister anticipates Azeri gas to reach Europe within a year

Azeri gas is likely to be on the European market within a year, Azeri Minister of Economy and Industry Shahin...

Energy Trade

Testing period extended on Hungary-Slovakia gas link

The testing period for the new gas pipeline connecting Hungary and Slovakia has been extended until May 31, Slovak pipeline...

Energy Trade

Hungarian-Russian joint economic committee meets

Minister of Foreign Affairs and Trade Péter Szijjártó participated at a meeting of the Hungarian-Russian joint economic committee in Kazan,...

Green Energy

Formula 1 of Energy Industry

This article was written by Balázs Zempléni, Director of Wholesale and Business Development at MET Power Hungary LLC....

Green Energy

China New Energy to build biorefinery in Hungary

Chinese bioethanol and biobutanol projects developer China New Energy Ltd (CNE) on Tuesday said it is expecting to commence work...

Energy Trade

WIS Holding inaugurates sawmill

Hungary-based real estate developer WIS Holding inaugurated a sawmill supported with a HUF 981 mln state and European Union grant...

Energy Trade

Hungary could become gas distribution center

Taking into account the countryʼs storage capacity, Hungary could become a regional gas distribution center with its gas supplied mainly...

Green Energy

Competition office approves sale of E.On power plants to Veolia

Hungary’s competition office GVH has approved the sale of German energy company E.Onʼs power plants based in Debrecen and Nyíregyháza...

Energy Trade

Bridge or Blockade? The Role of Gas in the Transition to Renewable Energy

The ongoing transition of global energy systems replaces fossil fuels with renewable energy such as wind, solar, and biomass. Renewable...

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...