The Ideona consulting group has handed over another solar power plant integrated with an electrochemical energy storage system in Söpte, Vas County, according to a statement by Ideona Plc. to MTI. The energy is produced by 4,123 solar panels with a capacity of 3,300 megawatts per hour, which are capable of meeting the total annual […]
A new gas power plant is being built in Mátra as the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has granted the installation permit for the planned combined cycle gas power plant unit in Visonta, the Ministry of Energy (EM) said in a post on its community page on Thursday. Once the last administrative […]
MOL Plc. has notified the market on the website of the Budapest Stock Exchange (BSE) that the MOL Group and the MVM Group have entered into an oil trading agreement aimed at further diversifying the region’s energy supply portfolio, with a particular focus on landlocked Hungary and Slovakia. Through this cooperation, MOL says it could […]
E.ON Drive Infrastructure (EDRI) Hungary Ltd. is equipping department store chains belonging to MMXH Home Furnishing Ltd. with electric car chargers nationwide with a total investment of around EUR 1.2 million (HUF 487 million), the company informed MTI on Thursday. The Hungarian company of EDRI GmbH, a European charging station operator belonging to the E.ON […]
The Hungarian oil and gas company Mol has made three new natural gas discoveries in the Tal exploration area in Pakistan, for which the company has now started to develop an extraction strategy, the Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó announced in Islamabad. Mol has been present in the Pakistani market for […]
In 2024, solar panels accounted for a quarter of Hungary's electricity generation, the highest share not only in Europe but in the world. The year before last, we ranked third in this comparison, behind Chile and Greece. According to a recent report by the independent international think tank Ember, Hungary's share of solar PV rose […]
The Hungarian oil and gas company Mol has acquired the gas fields and related infrastructure of O&GD near Endrőd, SE Hungary, Mol announced on Tuesday, according to MTI. The area of about 1,000 square kilometers includes 29 wells trained for hydrocarbon production, with a daily production of about 1,000 barrels equivalent. In the longer term, […]
An electricity storage system is being installed at the Várpalota site of aluminium semi-finished products manufacturer Inotal Plc. The HUF 3 billion investment, which will be financed with HUF 1.35 billion from EU funds and HUF 1.65 billion from the company's own resources, is expected to be completed by autumn this year, the plant's director, […]
MVM Green Generation Plc., a renewable energy company of the MVM Group, is installing a 20 megawatt-hour electricity storage facility in Sopronkövesd, NW Hungary next to its owned and operated wind farm, with a capacity of 20 megawatt-hours of electricity, MVM Green Generation Plc. informed MTI on Tuesday. Hungary's Recovery and Resilience Plan provides HUF […]
E.ON Hungária Group has made significant improvements through its complex research and development program, Flex.ON, with new solutions implemented with HUF 2.1 billion to make energy supply more cost-efficient and flexible, the company informed MTI on Tuesday. The aim of the investment is to enable the group to serve the growing energy needs of its […]
On Tuesday, Hungary's green energy production reached new highs: according to MAVIR, the electricity system operator, industrial plants generated an all-time high of 3,747 megawatts (MW) in the quarter-hour starting at 11 am. Including domestic and captive power plants, the total solar generation was 6178 megawatts, the Ministry of Energy (EM) said on its Facebook […]
The oil and gas company MOL Plc. has notified the capital markets oon the website of the Budapest Stock Exchange on Tuesday that it had discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According […]
PANNON Green Power TSL1. Ltd. has installed grid energy storage facilities in Törökszentmiklós, located just south of Budapest) with the help of HUF 668.25 million European Union funding, the company said in a statement to MTI on Monday. The investment in battery energy storage is an innovative solution for the Hungarian energy grid and energy […]
Hungary’s Mol Group has taken another step towards the development of hydrogen mobility by upgrading its hydrogen filling station for buses and trucks in Bratislava, Mol told MTI on Tuesday. According to the statement, the filling station in the Slovakian capital, located on the territory of the group's subsidiary SlA Bratislava refinery, which was inaugurated […]
More than 300,000 solar power plants, including industrial ones, are already in operation in Hungary, and by spring the household solar systems alone will reach this milestone, the Ministry of Energy announced on Monday. According to preliminary data from the Hungarian Energy and Public Utility Regulatory Authority (MAVIR), the total installed capacity of domestic solar […]
