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 […]

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 […]