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 […]

Hungarian energy provider MVM Group and US-based Westinghouse signed a contract this Saturday aiming to diversify nuclear energy supplies to Hungary, MVM said, adding that Westinghouse will provide long-term, stable deliveries of VVER fuel for the Paks nuclear plant. Pending permits, deliveries may start in 2028, the statement said. MVM CEO Károly Mátrai said the […]

In January-September this year, Hungary’s solar capacity increased by 997 MW, the Energy Ministry said in a post on social media on Monday. With current trends, it is certain that solar capacity will increase by at least 1 GW in 2025, making it the fourth year in a row when capacity increased by such an […]

The electricity distributor company OPUS TITASZ inaugurated an HUF 18.2bn substation in Nyíregyháza (NE Hungary) this Friday. The investment, supported by European Union funding, is said to boost the electricity distributor's capacity by 45%, allowing it to meet fully demand at the local industrial park. At the inauguration ceremony, Energy Minister Csaba Lantos highlighted the […]

Solar power accounted for close to 30% of electricity generation in Hungary in the first half of 2025, more than in any other country covered in a global report by international independent think tank Ember, the Energy Ministry said in a post on social media on Wednesday. The Hungarian figure is more than three times […]