In H1 2025, the PannErgy Group focused mainly on the successful commissioning of the third production well of the Miskolc Geothermal Project. Primarily due to this successful integration, PannErgy achieved record heat input in Q1 2025, exceeding both base quarter heat sales and the target for the period, the company has reported on the website […]

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 […]

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 […]

The Hungarian energy firm PannErgy has announced on the website of the Budapest Stock Exchange to its shareholders and the participants of the capital market the establishment of a subsidiary company. The statement says that on account of the changed energy market environment and the resulting improved ROI opportunities, PannErgy intends to place greater emphasis […]