Energy - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sat, 20 Jun 2026 23:10:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Energy - Diplomacy & Trade https://dteurope.com 32 32 Futureal Group Enters the Baltic Energy Storage Market https://dteurope.com/energy/futureal-group-enters-the-baltic-energy-storage-market/ Wed, 17 Jun 2026 09:49:00 +0000 https://dteurope.com/?p=80309 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 […]

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]]> Shareholders’ Agreement by MOL and Serbian Government https://dteurope.com/energy/shareholders-agreement-by-mol-and-serbian-government/ Tue, 16 Jun 2026 16:56:00 +0000 https://dteurope.com/?p=80359 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 […]

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]]> MOL Group Agreement for Offshore Exploration in Libya https://dteurope.com/energy/mol-group-agreement-for-offshore-exploration-in-libya/ Tue, 16 Jun 2026 08:08:00 +0000 https://dteurope.com/?p=80361 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 […]

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]]> HUF 55 Bn of Grid Upgrades by MVM Electricity Distributors https://dteurope.com/energy/huf-55-bn-of-grid-upgrades-by-mvm-electricity-distributors/ Mon, 15 Jun 2026 11:44:00 +0000 https://dteurope.com/?p=80279 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, […]

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]]> Energy Storage System Installed at Solar Power Plant https://dteurope.com/energy/energy-storage-system-installed-at-solar-power-plant/ Thu, 11 Jun 2026 07:21:00 +0000 https://dteurope.com/?p=80215 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 […]

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]]> Greenvolt Inaugurates Battery Storage Investment in Hungary https://dteurope.com/energy/greenvolt-inaugurates-battery-storage-investment-in-hungary/ Wed, 10 Jun 2026 14:37:00 +0000 https://dteurope.com/?p=80201 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 […]

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]]> New Electricity Storage System with EU Support in Baja https://dteurope.com/energy/new-electricity-storage-system-with-eu-support-in-baja/ Tue, 26 May 2026 16:09:56 +0000 https://dteurope.com/?p=79908 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 […]

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]]> EVE Power Hungary Focuses on R&D and Open Public Dialogue https://dteurope.com/energy/eve-power-hungary-focuses-on-rd-and-open-public-dialogue/ Wed, 13 May 2026 08:28:00 +0000 https://dteurope.com/?p=79652 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 […]

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]]> E.ON Hungária Winds Up HUF 115 Bn Grid Upgrade https://dteurope.com/energy/e-on-hungaria-winds-up-huf-115-bn-grid-upgrade/ Mon, 11 May 2026 09:32:00 +0000 https://dteurope.com/?p=79602 The E.ON Hungária Group has completed its comprehensive electricity grid development program, which was launched in 2022. The goal of these investments was to ensure that the grid is capable of integrating as much electricity as possible from weather-dependent renewable energy sources, particularly energy generated by residential solar systems. Energy consumption has undergone significant changes […]

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]]> Battery Storage Investment at Veolia Power Plant https://dteurope.com/energy/battery-storage-investment-at-veolia-power-plant/ Thu, 07 May 2026 07:14:00 +0000 https://dteurope.com/?p=79507 A 47-megawatt battery energy storage facility is being built at a cost of 12.5 billion forints on the grounds of the Oroszlány Power Plant through a joint effort by four companies, the project manager Gábor Jeszenszky told MTI. The facility is capable of meeting the needs of MAVIR Plc., which balances the Hungarian electricity system, […]

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]]> Hungary Again Receives Crude Oil on the Druzhba Pipeline https://dteurope.com/energy/hungary-again-receives-crude-oil-on-the-druzhba-pipeline/ Thu, 23 Apr 2026 12:56:00 +0000 https://dteurope.com/?p=79239 The first shipments of Russian crude oil have arrived in Hungary and Slovakia via the Druzhba pipeline, Mol Plc. announced on the Budapest Stock Exchange’s website on Thursday. "MOL Group received crude oil at the Fényeslitke and Budkovce pumping stations earlier today. Crude oil deliveries via the Druzhba pipeline system have thus resumed to Hungary […]

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]]> Crude Deliveries to Hungary via Ukraine Set to Resume https://dteurope.com/energy/crude-deliveries-to-hungary-via-ukraine-set-to-resume/ Wed, 22 Apr 2026 11:46:00 +0000 https://dteurope.com/?p=79213 Crude deliveries through the Druzhba ('Friendship') pipeline were received in Ukraine after repair work on the pipeline, Hungary's main source of delivery for its Russian crude oil, had been completed, Hungarian oil and gas company MOL said in an announcement posted on the website of the Budapest Stock Exchange on Wednesday. JSC Ukrtransnafta, which operates […]

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]]> EBRD to Finance Renewable Energy Project in Hungary https://dteurope.com/energy/ebrd-to-finance-renewable-energy-project-in-hungary/ Mon, 20 Apr 2026 11:30:56 +0000 https://dteurope.com/?p=79174 The European Bank for Reconstruction and Development (EBRD) is providing EUR 70 million of financing as part of a EUR 210 million package with commercial banks to special purpose vehicles owned by Renalfa IPP for the development of a 450 MW solar park with a 250 MW /1 GWh battery energy storage system in Szihalom, […]

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]]> MVM Lays Cornerstone of HUF 600 Bn Power Plant https://dteurope.com/energy/mvm-lays-cornerstone-of-huf-600-bn-power-plant/ Sun, 29 Mar 2026 06:22:00 +0000 https://dteurope.com/?p=78825 With the ceremonial laying of the cornerstone, one of the most significant developments in the Hungarian energy system has entered a new phase, and construction has begun on the combined-cycle gas turbine power plant in Tiszaújváros. The investment is a key element of state-owned MVM Group’s long-term strategy, which aims not only to meet growing […]

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]]> MVM to Build Hybrid Geothermal Power Plant https://dteurope.com/energy/mvm-to-build-hybrid-geothermal-power-plant/ Tue, 24 Mar 2026 13:28:00 +0000 https://dteurope.com/?p=78732 MVM Zöld Generáció [Green Generation], a unit of state-owned energy company MVM Group, will build a hybrid geothermal power plant, the first in Hungary, near Zsana (S Hungary), Energy Minister Csaba Lantos announced on site on Tuesday. The company will drill to a depth of 2,400-2,500 meters to tap a 140-150-degree Celsius thermal water source, […]

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