Energy

Energy

MET Group Inaugurates Hungary’s Largest Battery Energy Storage Facility

MET Group inaugurated a battery electricity storage plant with total nominal power output of 40 MW and storage capacity of...

Green Energy

Solar Markt Nears Launch of High-tech Solar Plant in Hódmezővásárhely

The Solar Markt Group’s sixth solar power plant, located in Hódmezővásárhely (175 km southeast of Budapest), has entered its final...

Green Energy

Hungary set to Triple Biogas Production to Annual 600 mln Cubic Meters by 2030

Hungary’s government will reveal details of a broad-based HUF 40 billion subsidy program for biogas and biomethane support “across the...

Energy Trade

MOL Signs Agreement for Onshore Exploration Opportunity in Azerbaijan

MOL Group and the State Oil Company of the Republic of Azerbaijan (Socar) have signed key terms for an exploration,...

Energy Trade

MOL, MVM Sign Oil Trading Agreement

Hungarian oil and gas company MOL on Thursday said it signed an oil trading agreement with state-owned energy company MVM...

Energy

Security of Natural Gas Supply Continues to Exercise Hungary

Prime Minister Viktor Orbán announced that Hungary would expand the interconnector capacity between its gas networks with Slovakia by another...

Energy Trade

U.S. Targets Europe for ‘Return to American Energy Dominance’ via LNG

The United States is working to ramp up its export capacity of liquified natural gas to more than 270 billion...

Green Energy

Homeowners Apply for Over HUF 33 bln to Support Energy Efficiency Upgrades

Close to 6,000 homeowners have submitted applications for HUF 33.2 billion of subsidies to support energy efficiency improvement projects, the...

Green Energy

Barriers and Breakthroughs: Industry Leaders Gathered at the Budapest Hydrogen Summit

The 4th Budapest Hydrogen Summit organised by White Paper Consulting brought together 90 companies from 19 countries to discuss the...

Green Energy

U.S. Signals Intent to Lead European LNG Market at Budapest LNG Summit

The 6th Budapest LNG Summit, organized by White Paper Consulting, gathered representatives from more than 100 companies across 20 countries...

Energy Trade

U.S. Extends Hungary’s Gazprombank Sanctions Exemption to May

The United States has extended Hungary's exemption from the impact of sanctions against Russia's Gazprombank until May, Hungarian Minister of...

Energy Trade

Hungary, Romania Agree on Solidarity Measures to Safeguard Security of Gas Supply

Minister of Foreign Affairs and Trade Péter Szijjártó and Romanian Minister of Energy Sebastian Ioan Burduja signed an intergov't agreement...

Green Energy

Residential Solar Panel Count to Exceed 300,000 in Coming Months

More than 21,000 homeowners have received an average of HUF 4.1 million in subsidies for solar panel and battery storage...

Green Energy

More Than 21,000 Households Paid Solar Panel Subsidies

Over 21,000 homeowners have been paid an average of HUF 4.1 million in subsidies supporting solar panel and battery storage...

Green Energy

Alteo Earnings Slipped 20% to HUF 10.2 bln Last Year

Net income of listed alternative energy company Alteo fell by about 20% to HUF 10.2 billion in 2024, a release...

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...

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...

Budapest Rooftops Could Generate 2.5 Times Paks Output, Mayor Says

Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar...