Earlier this week, the Hungarian oil and gas company Mol requested the Ministry of Energy to open the country's strategic oil reserves for the lack of shipments of crude oil from Russia via a pipeline through Ukraine since the end of last month. Ukraine says the supply was interrupted for technical reasons: one of the […]

An 84-hectare solar park with capacity to supply sufficient power to 25,000 households started test operation in Kiskunhalas (S Hungary), the facility's capital investor Trustify Impact I Private Equity Fund said in a statement. The investor of the project was SSI Invest. The facility has connection capacity of 40MW. Under appropriate conditions, it has capacity […]

MVM Balance Plc., member of the MVM Group, is building a battery energy storage facility for the gas turbine power plant in Bakony, in the industrial area of Ajka, southwest of Budapest, the company told MTI on Monday. The unit will have a nominal output of 57 megawatts and a nominal capacity of 57 megawatt […]

MVM Paks Nuclear Power Plant Ltd. generated 16,097.9 gigawatt hours of electricity in 2025, which, despite four major repairs carried out during the year, is the second highest production result in the plant's history, the nuclear power plant told MTI on Friday. The announcement recalled that at the end of 2015, the nuclear power plant […]

MVM Tisza Power Plant Ltd. is implementing its latest investment in the power plant area with the help of a total of 4.185 billion forints in non-repayable European Union funding. A battery energy storage unit with a nominal capacity of 31 MW and a capacity of 62 MWh is being built at the Tiszaújváros site […]

Gross electricity sales in Hungary amounted to 44.613 terawatt hours (TWh) in 2025, 0.3% lower than the 44.740 terawatt hours in 2024, while domestic production, which accounts for a larger share of turnover, increased, according to data published on the website of MAVIR Hungarian Electricity Transmission System Operator Ltd. According to the latest data, in […]

Hungarian oil and gas company MOL on Wednesday said it signed a production sharing agreement with Azerbaijan's state oil company SOCAR. The agreement, preceded by a heads of terms deal in June, is for exploration and production in Azerbaijan's Shamakhi-Gobustan area. MOL holds a 65% stake in the project and will act as operator. SOCAR […]

E.ON Hungária Group is installing industrial-scale electric boilers capable of generating enough heat to heat nearly 1,500 homes annually in the district heating system of Székesfehérvár. The aim of the investment, worth more than HUF 4 billion, is to support the greening of Székesfehérvár by partially replacing fossil fuel-based heat generation. E.ON is installing industrial […]

Hungary's state-owned energy company MVM has signed a five-year agreement to buy 2 billion cubic meters of liquid natural gas (LNG) from Chevron. The deal was announced in Budapest on Tuesday. Chevron would deliver an annual 400 million cubic meters of LNG to MVM under the contract and thus, the United States LNG would become […]

By early December, approximately 1,030 megawatts of new solar power capacity had been built in Hungary in 2025. The country first exceeded 1 gigawatt of growth in 2022, and since then, it has managed to exceed this level every year. Of the nearly 8,300 megawatts of capacity, more than 5,000 megawatts have been installed in […]

The Energy Ministry on Thursday announced the launch of a HUF 38.7 billion interest-free credit scheme to support energy efficiency improvements at microbusinesses and small and medium-size enterprises. Businesses may apply for between HUF 10 million and HUF 500 million of the credit for investments that cut utilities bills by at least 30%. Investments in […]

MVM Optimum, a member of state-owned energy group MVM, has built a solar park in Vác (north of the capital) at the site of a local company, Zollner Elektronik, MVM said in a statement on Friday. The solar park has capacity to generate 1.5 GWh of electricity per year, supporting Zollner Elektronik's sustainable operation. The […]

Sustainability could be the key concept for the next quarter-century, according to E.ON's forward-looking research. Hungarians ranked green solutions first among technological developments for the future and predict the dominance of renewable energy sources. For many, financial security is the most important factor for happiness, but graduates rank strong communities and human relationships higher. What […]

E.ON Drive Infrastructure Hungary (EDRI), E.ON's charging station operator, is adding a new feature to its electric vehicle charging network: automatic Plug&Charge, which simplifies the charging process for electric vehicles, MTI reports. In a statement sent to MTI, EDRI emphasizes that it is one of the first in Hungary to make this feature available nationwide. […]

A HUF 2 billion solar park was inaugurated at the ELI-ALPS Laser Research Institute in Szeged (SE Hungary) on Tuesday. Speaking at the ceremony, Energy Minister Csaba Lantos said the government had ploughed HUF 25 billion, so far, into infrastructure at ELI-ALPS and the University of Szeged's Science Park. Hungary currently has 8,200 MW of […]