The installed photovoltaic capacity in Hungary increased by more than 840 megawatts in the first five months of this year, and by the beginning of the summer the total number of solar power plants above 50 kilowatts (kW) exceeded 3,000 megawatts, the Ministry of Energy (EM) informed MTI in a statement on Saturday. Another sign […]
Hydrogen associations from nine Central European and Baltic states have founded the 3 Seas Hydrogen Council. One of its main tasks will be to represent the sector before the European Commission and the European Parliament, the Hungarian Hydrogen Technology Association has informed MTI. The body brings together professional organizations from Poland, the Czech Republic, Estonia, […]
As part of the Akvamarin project, Hungarian Natural Gas Storage Plc. has installed a 2.5 megawatt electrolysis system and associated hydrogen gas production technology at the Kardoskút underground gas storage facility in SE Hungary. The cost of the R&D project was HUF 5.6 billion, of which HUF 2.5 billion was provided by the state. The […]
The international energy company Shell has opened the region’s first liquefied natural gas (LNG) filling station in Hungary. According to a statement by the Hungarian Ministry of Foreign Affairs and Trade, transport accounts for around 20% of greenhouse gas emissions, of which 70% is from road transport, with trucks responsible for two-thirds. There are two […]
According to data from the Hungarian Energy and Public Utility Regulatory Authority (MEKH), the filling level of domestic natural gas storage facilities in Hungary was 2.86 billion cubic meters on March 15, which is 45.23% of total capacity. Compared to a year ago, there was 1.6 billion cubic meters more gas in storage in mid-March […]
MVM Zöld Generáció [Green Generation] Ltd. has built a 23.97 megawatt (MW) peak capacity solar power plant with an investment of HUF 9.4 billion in the outskirts of Szeged with EU support. The company's business project director, Péter Bilinszky said presenting the investment that EU and domestic subsidies covered HUF 3.575 billion of the investment […]
Sunny spring weather has led to new records in solar power generation in Hungary, the Hungarian Energy and Public Utility Regulatory Authority (MAVIR) has announced. First on Friday, March 17, in the midday hours, 2,343 MW, and then on Saturday, exceeding this with a preliminary value of 2,362 MW (in the quarter hour between 11:30 […]
Since its foundation in late 2017, Napelem Szerelő Kft. [Solar Panel Installer Ltd.] of Szeged in SE Hungary has been helping to supply the Hungarian market with green energy with a steadily increasing performance, managing numerous subcontractors. The company, as Managing Director Rudolf Mészáros tells Diplomacy&Trade, is now expanding to Austria, where it will continue […]
The execution of the first green power purchase agreement on the Hungarian market, under which Nap Plc. will provide a part of the electricity needs of a production company in the long term, has started, the CEO of Nap Plc., Gábor Földvári, said at a press conference on Thursday. The so-called Power Purchase Agreement (PPA) […]
The Oroszlány Power Plant, northwest of Budapest, will join the national electricity supply companies as a biomass-based power plant in the first half of 2024, the Veolia Group, which is restarting the plant that closed seven years ago, told MTI on Tuesday. According to the company, the Oroszlány power plant will be their fifth modernization […]
Hungarian industrial solar power generation reached a new historic record on February 21, with 2,030.5 megawatts (MW) of energy produced by industrial-scale solar power plants at the midday peak, breaking the previous record of 1,953 MW set on February 10, the Hungarian Independent Transmission Operator Co. Ltd. (MAVIR) said on its website. According to the […]
Energy services provider and trader Alteo Group achieved a net profit of HUF 12.9 billion in 2022, an increase of 120% compared to 2021, the company said on Friday. Alteo has been successful despite the challenges in the energy market, turning difficulties to its advantage with a strategy based on sustainability and renewable energy, the […]
The peak of solar panel electricity production has been broken, with domestic solar power plants producing nearly 2,000 megawatts more than ever before on February 10, the Ministry of Energy told MTI on Tuesday. Weather-dependent renewables accounted for more than a third of total domestic electricity consumption on the record-breaking day, the statement said. The […]
Hungary’s economic competitiveness to a very large extent hinges on the government’s ability to ensure energy security for the country, according to the German Chamber of Commerce. In addition to energy costs, the security of supply is also for crucial businesses operating in Hungary. German foreign direct investment is a key engine of Hungary’s economy. […]
The E.ON Hungária Group is launching a HUF 74 billion network development project, half of which will be financed from its own resources and the other half from the EU's Recovery and Resilience Facility (RRF) program, pre-financed by the Hungarian government, the Group announced at a press conference in Budapest on Thursday. The Group's Deputy […]
