Over HUF 500 billion worth of energy tenders were called on Thursday, Minister of Economy and Energy István Kapitány has said in a social media post. The electricity grid and smartmeter upgrades will pave the way for connecting more renewables capacity to the grid in order to boost safety of supply and reduce Hungary's vulnerability, […]
Last year, some 6.6 million tons of biomass was used for energy production in Hungary, 10.7% more than the year before, the Institute of Agricultural Economics (AKI) said in a report on Tuesday. In 2025, Hungarian power plants, heating plants and industrial boiler operators using biomass feedstock primarily relied on wood chips — hat is, […]
State-owned energy company MVM inaugurated a HUF 10.4 billion, 57MWh battery energy storage unit at a gas-turbine power plant in Ajka (W Hungary) on Monday, MTI reports. The investment was supported by HUF 3.8 billion in grant money from the European Union. MVM CEO Karoly Matrai said heatwaves like the present one point to the […]
So far this summer, the load on the Hungarian power grid peaked on Friday, June 26, breaking last summer’s electricity consumption record, but the all-time summer record set in 2024 has not yet been broken, Mavir Hungarian Electricity Transmission System Operator Ltd. said on Monday in response to an inquiry from MTI. According to Mavir’s […]
Hungary has joined a tripartite agreement involving 22 EU member states, EU institutions, and industry players to accelerate the development of energy storage in Europe, István Kapitány, the country's economy and energy minister, has said on social media. "Energy storage is key to future energy supply, helping to integrate renewable energy more effectively, make grids […]
MVM Tisza Erőmű, a unit of state-owned energy company MVM Group, inaugurated a 31MW/62MWh battery storage investment in Tiszaújváros (E Hungary), MTI reports. The investment was supported by HUF 4 billion in grant money from the European Union. MVM CEO Károly Mátrai said the investment is part of MVM's long-term development strategy, which aims to […]
A EUR 1.5 billion development program financed by the European Union to modernize and strengthen the Hungarian electricity grid has launched, Minister of Economy and Energy István Kapitány said in a post on social media on Thursday, MTI reports. The minister said investments from the program will help add almost 5,000 MW of new, mostly […]
Futureal Energy Partners (FEP), a business unit of Hungary's Futureal Group has acquired one of Aretis Group’s battery energy storage system (BESS) portfolios in Latvia, which has a capacity of 45 megawatts (MW) and a storage capacity of 120 megawatt-hours (MWh), the company announced to MTI on Wednesday. The transaction includes two greenfield projects currently […]
MOL Plc. has notified the market on the website of the Budapest Stock Exchange that MOL Group has signed a Shareholders’ Agreement with the Serbian government regarding the future governance of Naftna Industrija Srbije (NIS). If MOL Group successfully becomes the majority owner, it will en sure the development of NIS, the supply of the […]
Hungary's MOL Group has notified the market on the website of the Budapest Stock Exchange that it has signed a production sharing agreement with its Joint Venture (JV) partners, Repsol and Türkiye Petrolleri A. O. (TPAO) for an offshore exploration area in the Mediterranean Sea, after being granted an exploration licence. The advancement of this […]
MVM Démász and MVM Émász, regional electricity distributors of state-owned energy group MVM, have completed HUF 55 billion of grid upgrades, the companies said on Monday. Half of the investment cost was covered by state funding and the European Union's Recovery and Resilience Facility (RRF). MVM Démász, the distributor for the south of the country, […]
Greenergy-Solar Duna Ltd. has completed its electricity storage construction project, which involved a HUF 1.8 billion investment to install four storage units, each with a capacity of 1,245 megawatts, at the company’s solar park near Paks, Central Hungary, MTI reports. At a project-closing press conference held on-site, Levente Tasnádi-Tulogdi, the company’s managing director, stated that […]
Greenvolt Group inaugurated a 99MW/288MWh battery storage investment on the outskirts of Buj (NE Hungary) on Wednesday. Greenvolt's project companies were awarded a combined HUF 11.3 billion in grant money for the investment. Greenvolt Group CEO Joao Manso Neto said the investment had raised the business's battery storage capacity in Hungary to 135MW, complemented with […]
A new electricity storage system with a capacity of 3 megawatt-hours (MWh) has been built in Baja at a cost of approximately HUF 550 million, according to a statement provided to MTI by the investor, Merital Property Management Ltd. According to the announcement, the company received a non-repayable grant of HUF 202.5 million for the […]
Battery manufacturer EVE Power Hungary Ltd. has officially joined the Hungarian Battery Association (HUBA). With this move, the company has reaffirmed its earlier commitment to dedicate the year 2026 to strategic partnerships, with a focus on research and development, regulatory dialogue and enhancing public education. EVE Power Hungary’s recruitment drive in Debrecen (E Hungary), launched […]
