Energy

Green Energy

MVM trade unit signs purchase agreement with coal-fueled power plant

MVM Partner, which is the trade unit of the state-owned Hungarian Electricity Works (MVM), signed an agreement to purchase power...

Green Energy

evopro teams up with Areva GmbH to contend for Paks upgrade

Hungary's evopro Systems Engineering and Germany’s Areva GmbH signed a cooperation agreement on Friday in order to increase their prospects...

Energy Trade

MOL to launch deliveries through Friendship pipeline

Crude deliveries through a stretch of the Friendship I pipeline, which has undergone an $80 mln renovation, will start next...

Energy Trade

Gas deliveries from Hungary to Ukraine slow

Gas deliveries from Hungary to Ukraine has dropped dramatically — from approximately 3 million cubic meters to about 5,000 cubic...

Energy Trade

Report: Gazprom examines option to use Hungary gas storages

Russia’s Gazprom is looking into the possibility of keeping Russian gas in Hungary’s big underground reservoirs, Hungarian news agency MTI...

Energy Trade

Hungarian gas deliveries to Ukraine rise 38%

Hungary’s export of gas to Ukraine has grown by 38% to 3.7 million cubic meters since last January, Ukraine's gas...

Green Energy

Nord-Point inaugurates HUF 300 mln solar power plant

Nord-Point, a Hungarian family-owned business, inaugurated an approximately HUF 300 mln solar power plant in Berettyóújfalu in northestern Hungary today....

Energy Trade

MOL to measure carbon-oxide reserves in the Szeged region

MOL has acquired the mining concession of an area near Szeged and plans to spend HUF 5.6 bln over the...

Energy Trade

FGSZ confirms gas export to Ukraine

FGSZ, Hungary's gas transmission system operator, confirmed today that gas exports to Ukraine have resumed and approximately 2.6 million cubic...

Energy Trade

Ukraine resumes gas imports from Hungary

Ukraine resumed imports of natural gas from Hungary at 11 a.m. local time on Saturday, Interfax-Ukraine reported citing the press...

Energy Trade

Hungary to invite tenders for coal mining concessions

Hungary is planning to invite tenders for coal mining concessions in less than five regions this year on a trial...

Energy Trade

New EU decree on boilers takes effect in September

Under a European Union decree taking effect as of the end of September, Hungarians who are planning to install new...

Green Energy

Press chief: Consultations on Putin’s visit under way

Consultations on the timing of the planned visit by Russia’s President Vladimir Putin to Hungary are currently under way, cabinet...

Green Energy

TVK buys power plant from ÉMÁSZ

Hungarian chemical company TVK, a subsidiary of oil and gas company MOL, announced Friday that it agreed to buy 74%...

Energy Trade

Ormánsági Zöldenergia to build new biogas plant

Hungarian energy firm Ormánsági Zöldenergia is planning to build a new biogas power plant in Vajszló in southwestern Hungary, with...

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...