Energy

Green Energy

Solar Power Hits Record Output as Peak Season Begins

Hungary's solar power production reached a new high on Saturday, with industrial solar systems generating 3,490 MW during the peak...

Green Energy

Uniper Kicks off 2 New Photovoltaic Projects in Hungary

Uniper is advancing its renewables activities and announced two new solar photovoltaic (PV) projects in Tét and Dunaföldvár, Hungary. The...

Energy Trade

Hungarian Gas Supplier Signs Deal to Prevent Crisis in Transnistria

A Hungarian gas supplier has signed a contract with Transnistria to avert a humanitarian crisis, Minister of Foreign Affairs and...

Green Energy

Industrial Solar Plants Near Record Production Levels

Hungary's industrial solar power plants reached a peak quarter-hour output of 3,321 MW on Monday, positioning February 2025 as the...

Energy Trade

New Hungaro-Serb Oil Pipeline to Boost Energy Security

Hungary and Serbia are set to construct a new oil pipeline aimed at enhancing energy security, Minister of Foreign Affairs...

Green Energy

Homeowners Receive HUF 22.1 bln in Solar, Battery Subsidies

More than 10,500 homeowners have received a total of HUF 22.1 bln in the latest tranche of subsidies for solar...

Energy Trade

Household Energy Prices in Hungary Cheapest in Europe

Household energy prices in Hungary are the cheapest in Europe, the government commissioner for maintaining the system of regulated utilities...

Energy

Good News on EVs, Solar, but MVM Deal in Romania Hits Turbulence

Hungary’s efforts at advancing its electric vehicle adoption, battery usage, and solar development continue to make strides, yet renewed concerns...

Green Energy

Solar Power Accounted for 25% of Electricity Generation in 2024

Solar power accounted for 25% of electricity generation in Hungary in 2024, more than in any other country in Europe,...

Energy Trade

Szijjártó: Energy Supplies to Hungary Are ‘Secure’

The government can guarantee Hungary's continued energy security even after Ukrainian restrictions of gas deliveries, Péter Szijjártó, the minister of...

Green Energy

Gov’t to Offer New Subsidies for Energy Storage – Minister

Domestic support for electricity storage may soon increase to more than HUF 300 bln, with several large storage facilities likely...

Energy

Hungary Gas Consumption Mostly Unchanged Last Year

Gas consumption in Hungary edged up by approximately 0.8%, or 68 million cubic meters, in 2024, the Energy Ministry said...

Energy Trade

Szijjártó: Closing of Energy Delivery Routes ‘Unacceptable’

The closing of either natural gas or crude delivery routes is "unacceptable" and goes against expectations that have to be...

Green Energy

Hungary’s Share of Solar Grows at Pace, but Dependence on Russian Energy Remains

Hungary has made significant strides in its solar power development recently. Through its National Energy and Climate Plan (NECP) and...

Energy Trade

1st Regional Electricity Exchange in CEE Starts Functioning

The first regional electricity exchange in CEE, in which Serbia, Slovenia and Hungary participate, started functioning, according to a report...

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...