As a result of continuous negotiations between FGSZ Ltd., the the owner and operator of the Hungarian high-pressure natural gas pipeline system, and its Ukrainian partner, Gas TSO of Ukraine, the test period of Q1 2022 - according to which firm gas transmission capacities have been created in the HU>UA direction from January – has […]
Gross system load and annual gross electricity consumption peaked last year, and solar power generation also exceeded previous records, according to a summary published on the website of Mavir Hungarian Independent Transmission Operator Company Ltd. on Wednesday. According to the data, the record for electricity consumption in Hungary was broken on December 9 last year, […]
Hungary has reached an agreement with Ukraine to supply natural gas to its northeastern neighbor with guaranteed capacity from January 1 next year, Serhiy Makokhon, CEO of the Ukrainian Gas Transmission System (HTS) has announced. The Ukrainian side signed a cooperation agreement with the Hungarian gas transport company FGSZ on the guaranteed supply capacity. Under […]
Shell's goal in Hungary is to deliver more and cleaner and cleaner energy solutions together with its customers and society. To expand its domestic fuel portfolio, Shell Hungary Plc. has acquired an LNG filling station along the M0 motorway. This is planned to be the first such station in its national network of filling stations […]
Hungary's winter natural gas supply is secured, the more than five billion cubic meters of natural gas stored in gas storage facilities until 30 September will safely cover domestic demand, the Hungarian Energy and Public Utility Regulatory Authority (HEA) told the state news agency MTI on Wednesday. The Authority said that every year, they check […]
A solar farm was inaugurated on Tuesday in Öskü, Veszprém county, W Hungary. The ten-megawatt power plant will provide electricity for more than five thousand families. Attila Steiner, Minister of State for the Development of the Circular Economy, Energy and Climate Policy of the Ministry of Innovation and Technology, stressed at the inauguration ceremony that […]
Domestic electricity consumption has soared to record levels in the heatwave, and in the coming days the summer peak load on the Hungarian electricity system could be broken again, the financial website portfolio.hu reports. Looking at the summer of 2021, it was for the first time this Monday at noon that the national system load […]
The Hungarian Energy and Public Utility Regulatory Authority (HEA) has published its report summarizing the preliminary energy statistics of last year. According to the report, Hungary continues to rely heavily on imports, but solar power generation has increased significantly. As the report points out, a significant part of Hungary's primary domestic energy use was provided […]
In the Management’s opinion, Q1 2021 results have massively confirmed ALTEO’s strategy along with the successful investment projects of the recent period. As results for 2020 also showed, the COVID pandemic still has only moderate impact on ALTEO’s profitability compared to other, more pro-cyclical sectors, thanks in part to the protective measures put in place […]
The Budapest district heating company FŐTÁV and the Icelandic group Arctic Green Energy have signed a cooperation agreement for the construction of geothermal district heat generating units. The project may save up to 21,000 tons of CO2 emission a year in Budapest. The first large scale (up to 10-20 MWh) geothermal project is to be […]
ALTEO Plc. has completed the renovation of the Gibárt Hydroelectric Power Plant, which has been operating as a monument for more than 100 years, in order to ensure the further long-term, reliable and economical operation of the power plant. The company renovated and modernized the power plant with an investment of HUF 1.2 billion, during […]
The E.ON Hungária Group has developed an innovative energy storage system, unique at European level, in Zánka at Lake Balaton. With the help of the mobile storage system, the electricity produced with renewable resources can be stored flexibly and used according to the given needs. In addition, this solution makes connecting solar systems to the […]
The supply of consumers was ensured during the heating period, as by the end of the storage period, more than 6.4 billion cubic meters of natural gas were available in the storage facilities, and on the last day of the autumn, on November 30, there were plenty of 6 billion cubic meters. However, a statement […]
Hungary takes the lead in Central Eastern Europe to join the European Battery industry’s goals to secure a successful green transition within the automotive and energy sector with a strong battery industry in order to achieve the national as well as the European climate-goals. The Hungarian Ministry of Innovation and Technology in cooperation with EIT […]
Despite the pandemic,the Hungarian energy service provider firm ALTEO continued to grow, reaching sales of nearly HUF 5.5 billion in the 3rd quarter of 2020. A quarterly report by the company says that since a significant portion of the profitability of ALTEO’s activities is less vulnerable to changes in the economic cycle, the principal focus […]
