The company, DH Energy, will offer solutions such as heat and cooling systems, insulation, window and door replacement and solar panel installation.

Duna House is launching the business in Hungary initially, as a state-supported home renovation scheme starts, but wants to expand abroad, too, tapping the potential of the EUR 300 billion RepowerEU program.

DH Energy's CEO, Roland Deme, will hold a 20% stake in the company.