Energy

Power

E.ON Unveils New Battery Storage Facility in Soroksár to Support Grid Stability

E.ON has installed a new battery energy storage system in Soroksár to help stabilize Hungary’s power grid and enable more...

Energy Trade

Crude Oil and Natural Gas Production Climbs in H1 2025

Domestic natural gas and crude oil production continued to increase in the first half of 2025, the Energy Ministry and...

Energy

E.ON Introduces Smart Device to Tackle Voltage Issues in Hungary

In a first for Hungary, E.ON has deployed an innovative smart device to address voltage fluctuations in the power grid,...

Energy

MOL Earnings Fall

Second-quarter net income of Hungarian oil and gas company MOL fell by approximately 77% year-on-year to USD 103 million as...

Green Energy

MET Group Commissions Its First Solar Park in Germany

Swiss-based integrated energy company MET Group is proud to announce the successful commissioning and start of commercial operations of its...

Green Energy

MET Group Signs EUR 1.1 bln Borrowing Base Facility

Swiss-based energy company MET Group has signed the amendment and extension of its EUR 1.1 billion Borrowing Base Facility (BBF)...

Energy Trade

Szijjártó Holds Talks on Hungary-Serbia Crude Pipeline

Péter Szijjártó held talks on a planned crude pipeline between Hungary and Serbia with Serbian Minister of Mining and Energy...

Green Energy

Solar Panel and Battery Storage Subsidies Scheme Winds Up

The evaluation of applications for subsidies supporting solar panel and battery storage investments for homeowners has finished, the Energy Ministry...

Green Energy

Futureal Energy Expands Into International Markets

Futureal Group’s business unit, which focuses on electricity trading and the full-scale implementation of energy investments, is now embarking on...

Green Energy

Leading the Change: Inside the Energy Transition With Eszter Szekeres, CEO of MET Hungary

After years of crisis-mode thinking, the energy sector is shifting its focus and finally starting to address the challenges of...

Energy Trade

Hungary, Slovakia to Oppose EU-Ukraine Energy Proposal

Hungary and Slovakia will jointly protest a proposal from Brussels and Kyiv that could jeopardize Central Europe's energy security, Minister...

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...