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 […]

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, […]

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 […]

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 […]

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, […]

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 […]

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, […]

State-owned energy company MVM Group inaugurated a 132/22 kV electrical substation in Miskolc (NE Hungary), built using HUF 2.7 billion of European Union, government and corporate financing. Energy Minister Csaba Lantos said at the event that rapid growth of renewable sources poses new challenges for the energy grid, so the development of substations is essential. […]

The Hungarian government is launching two tenders on Monday, with a combined allocation of HUF 29 billion, to support businesses' geothermal energy investments, the Energy Ministry said in a statement on Monday. The government is providing HUF 19 billion of interest-free credit for investments in geothermal heat and electricity generation. Loan amounts are between HUF […]

Around 43 GW of enhanced geothermal capacity in the European Union could be developed at costs below EUR 100/MWh today, comparable to coal and gas electricity. The largest potential is concentrated in Hungary, followed by Poland, Germany and France, according to a new study by the global energy think tank EMBER that accelerates the clean […]

Green Energy Investhor is acquiring permits to build a 499 MW wind farm on the outskirts of Vadosfa (NW Hungary), the company told MTI on Wednesday. The planned investment will create a total of 499 megawatts (MW) of new installed capacity with 70 modern wind turbines (each with a unit capacity of 7-7.2 MW), which […]

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 […]