Hungarian state-owned energy group MVM has begun work on a new utility-scale battery energy storage system at its Tiszaújváros energy complex, strengthening the site’s role in enhancing grid flexibility and balancing electricity generation. The project will deliver 31 MW of capacity with 62 MWh of storage, supporting the stability of the national power system. The […]
Hungary’s expansion in Serbia is no longer a set of isolated deals. It is increasingly legible as a two-track strategy that uses MOL on the hydrocarbons and retail side, and MVM Group on the power, engineering, and system-integration side, with Serbia positioned as both a demand hub and a transit corridor between Central Europe and the wider Balkans. The
Hungary’s largest gas wholesaler, MVM, has revealed that it has reserved significant import capacity at Croatia’s LNG terminal on the island of Krk as a precaution against a potential cutoff of Russian gas supplies. The arrangement would allow the company to import up to one billion cubic meters of gas per year through the terminal
Hungary: MVM launches construction of 540 MW gas-fired power plant in Matra region Read More »
Hungary’s state-owned energy group MVM has begun construction of a new combined-cycle gas turbine (CCGT) power plant in the Matra region. Designed to produce 540 MW, the facility is scheduled for completion in 2028 and will play a significant role in ensuring the country’s electricity supply. The project follows a procurement process launched in 2023
MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals.
