MVM Paks Nuclear Power Plant Plc. closed 2024 with the fifth highest production result in its history, with the plant's four units producing a total of 16,016.6 GWh of electricity, which is almost half of the gross Hungarian electricity production and one third of the gross domestic consumption, the company informed MTI on Tuesday. The […]
The Hungarian energy company Alteo has published its business strategy for the period 2025-2030, the implementation of which would provide the energy service and trading company with significant growth both geographically and financially, the company told MTI on Thursday. The company's results over the past three years have significantly exceeded the targets set in its […]
Trustify Investment Fund Management is providing funding for the development of a 40 megawatt solar park and related storage capacity in Kiskunhalas, the company's communications agency told MTI on Monday. According to the NEST Communications agency, the private equity fund management company is primarily looking for capital investment opportunities that focus on the production and […]
MOL Plc. has announced on the website of the Budapest Stock Exchange this Wednesday, it entered into a sales and purchase agreement with Optimum Vogt Ltd., a subsidiary of Ib vogt Gmbh, to acquire 100% of Naperőmű Farm Ltd. The sole activity of Naperőmű Farm Kft is to oversee the construction of a 66 MWp […]
In compliance with its obligation to provide notification of extraordinary events as set out in a decree of the Minister of Finance, ALTEO Plc. has announced on the website of the Budapest Stock Exchange that this Thursday, the company exercised its purchase right under the contract concluded between itself and Callis Ltd., thus concurrently, the […]
E.ON Hungária is spending HUF 8.4 billion on the development of the electricity network in Kaposvár and its surroundings, with the aim of ensuring a long-term stable and secure electricity supply, the group's investments, which started last year and will last until 2026, E.ON informed MTI on Monday. The group, which operates the electricity networks […]
MET Danube Energy Storage Ltd., a member of the Swiss-based MET Group, is building an energy storage system with a total nominal capacity of 40 megawatts (MW) and a storage capacity of 80 megawatt hours (MWh) in Százhalombatta, south of Budapest, for which it has won more than HUF 4 billion in non-refundable EU funding, […]
MVM Démász Transmission Ltd. handed over a modern substation in Soltvadkert, central Hungary, to ensure a secure power supply and to serve the high energy demand of new investments, the company informed MTI on Wednesday. According to the statement, the MVM group's power grid companies are placing great emphasis on modernizing and expanding the existing […]
The Hungarian company PannErgy sold 163,101 gigajoules (GJ) of heat in the third quarter, 5.3% more than in the same period last year, the company said in its production report published on the Budapest Stock Exchange (BSE) website on Tuesday, while confirming the expected achievement of its consolidated EBITDA (earnings before interest, tax, depreciation and […]
The energy company MVM is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy (EM) said on its Facebook page on Wednesday. The ministry explained that the drilling of the fourth new well in the Sarkad area of Békés County was recently completed and is currently being tested. The […]
The largest green hydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts, has started production at the Hungarian Mol Group's refinery in Százhalombatta, just south of Budapest, producing 1,600 tons of clean, carbon-neutral green hydrogen per year, which is used in fuel production, the company informed MTI on Wednesday. The statement […]
The Hungarian energy conglomerate MVM Group has acquired a stake in one of the world's largest deep-sea natural gas fields, following the closing of a transaction between the MVM Group and Azerbaijan's state-owned Southern Gas Corridor CJSC on Friday, MVM told MTI. With the transaction, MVM has acquired a 5% stake in the Shah Deniz […]
MET Group has inaugurated its second solar power plant in Hungary near Kaba in Hajdú-Bihar County, E Hungary, the company told MTI on Wednesday. The power plant, which operates with more than 33,000 solar panels, can cover the energy needs of almost 13,000 households. The 23.4 megawatt solar power plant was built using state-of-the-art technology […]
The Hungarian energy services firm Alteo put a solar park into operation near Tereske in Nógrád county (northeast of Budapest). With the facility built with its own investment and construction, the company's solar power plant capacity has doubled. The solar power plant will be able to produce 31 gigawatt hours (GWh) of electricity annually, which […]
The electricity company E.ON is building a new battery energy storage facility in Soroksár (a southern Budapest district). The site will enable the connection of new solar systems and increase security of supply. According to the company’s statement, the storage facility will be capable of storing around six megawatt-hours (MWh) of energy generated by 350 […]
