In H1 2025, ALTEO achieved a 10% year-on-year increase in revenues, mainly due to the successful expansion of the Retail and Renewable Production Management portfolios and the significant increase in renewable energy production capacities, the energy services company says in its management report and analysis on the website of the Budapest Stock Exchange. Despite the […]

The Hungarian oil and gas company MOL is exploring geothermal energy and has conducted 3D seismic measurements in and around the Danube Refinery in Százhalombatta, south of Budapest to investigate the potential for geothermal energy utilization. They are looking for high-temperature aquifers in the area that could be used to make the refinery's operations more […]

In a joint statement on Thursday, the Ministry of Energy (EM) and the Regulatory Activities Supervisory Authority emphasized that, in order to ensure a secure supply for domestic consumers, it is advisable to rely as much as possible on energy sources available within the country's borders. The steady increase in the amount of energy produced […]

A 6MW gas engine has begun operating in the Győr Industrial Park, marking the successful completion of the entirely self-financed investment by the energy services firm ALTEO. The power plant, designed around a Wärtsilä 18V34SG gas engine with a capacity of 6MWe, was built in the Győr Industrial Park as a greenfield investment under the […]

Hungary has particularly favorable conditions for the use of geothermal energy and is already among the European leaders in this field, the Ministry of Energy (EM) said in a statement on Tuesday. In the Jedlik Ányos Energy Program, the government is mobilizing resources that exceed previous expenditures several times over in order to make further […]

PannErgy Plc. publishes a production report on a quarterly basis, presenting its production and utilisation of green energy. In its report, in addition to other useful information, PannErgy presents the green heat sales figures of its key geothermal energy production systems in the reporting period. In its extraordinary publication of October 1, 2024, the Company […]

Last month, the total installed capacity of solar power plants in Hungary exceeded 8,000 megawatts; the rise of green energy also contributed to the import ratio of electricity consumption remaining below 20% in the first half of this year, according to a social media post by the Ministry of Energy (EM) quoted by MTI on […]

On Thursday, Mondeléz International officially handed over its new solar park on the premises of its factory in Székesfehérvár: the USD 2.3 million (approximately HUF 780 million) investment has created the group's largest solar park in Central and Eastern Europe. Dominik Boguslawski, factory manager in Székesfehérvár, said that the 25,000-square-meter solar park is also the […]

E.ON Drive Infrastructure Hungary (EDRI) is increasing the capacity of its electric car chargers at ALDI stores across the country; with an investment of more than HUF 2 billion, traditional AC chargers will be replaced with fast chargers at 50 stores, the two companies announced in a joint statement to MTI on Thursday. The two […]

The Hungarian population would most likely spend state resources on the development of renewable energy sources, according to a representative national survey commissioned by Mol. According to a summary sent to MTI on Thursday, based on a survey that also asked about climate issues, 70% of the total population feels that climate change has a […]

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 […]