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 […]
PannErgy celebrated its 30th anniversary on the Budapest Stock Exchange (BSE) on Thursday, the company announced on the BSE website. Founded in 1922, the company was originally active in the plastics industry under the name Pannonplast, and through a strategic transformation, it has become a major player in the renewable energy sector. PannErgy is now […]
Hungary's first green hydrogen plant was inaugurated at a ceremony in the Bükkábrány Energy Park in NE Hungary. The plant, which is now officially starting its trial operation, will produce hydrogen from renewable energy generated by the local solar park, not only to combat climate change but also to take a significant step towards energy […]
The company has been commissioned to supply more than 150 low-voltage power distribution units for new offices in the residential and office building development Dürer Park located next to the City Park in Budapest. As part of the Dürer Park project, a 3.7-hectare area adjacent to Ajtósi Dürer Avenue in District XIV is being completely […]
Eco-First Ltd, a wholly-owned subsidiary of Alteo, and Mol Plc. have signed a long-term service contract for the utilisation of high inert natural gas, Alteo Energy Services Plc. announced on the website of the Budapest Stock Exchange (BSE) on Monday. Under the 10-year contract, Eco-First will be responsible for preparing the high-inert gas extracted by […]
The Hungarian oil company Mol's green hydrogen plant, established with a EUR 22 million investment, was inaugurated on Thursday in Százhalombatta, south of Budapest. In the new plant, carbon-free production can be realized on a large-scale industrial scale. József Molnár, CEO of the Mol Group, said at the opening ceremony that the company group has […]
In cooperation between BMW Group Factory Debrecen and E.ON Hungária Group, the leaders of the two companies signed a contract for the construction of a 50-hectare solar park on Wednesday at the factory's communication center. Hans-Peter Kemser, President and CEO of BMW Manufacturing Hungary Ltd. (pictured on the right), said at a press event held […]
Gábor Földvári, the CEO of Nap Plc., the stock exchange company that owns and operates solar power plants, discussed the potential role of wind power plants at a briefing on Wednesday. Electricity consumption has fallen significantly in the past year. The weather has been kind and everyone has started to save energy. However, savings measures […]
Veolia Invest Hungary and Uniper Group signed a sale and purchase agreement for the acquisition of 100% of the shares of Uniper Hungary Energetikai Ltd. The purchase of the company, which owns and operates the Gönyű power plant, Hungary's most modern and one of the largest combined cycle gas turbine power plants, fits well into […]
The retail chain Auchan Hungary and Nhood Hungary, which manages the Auchan shopping centers, will install solar panels worth EUR 20 million on the roofs of their buildings to increase the energy efficiency of their properties, the companies informed MTI on Tuesday. The investment started in the second half of 2022, as a result of […]
Representatives of the hydrogen organizations of nine Central European and Baltic states signed the official cooperation agreement of the 3 Seas Hydrogen Council (3S) in Paris, aiming to develop the region's hydrogen sector, the Hungarian Hydrogen Technology Association informed MTI on Thursday. At the Hyvolution conference, the world's leading hydrogen technology showcase, which closed on […]
Almost 100% pure, plant fiber-based biomethane will be fed into the Hungarian natural gas network in cooperation between E.ON Hungária Group and Pannonia Bio Plc., E.ON told MTI on Monday. According to the information, Pannonia Bio buys more than one million tons of feed corn annually and three hundred thousand tons of barley almost entirely […]
