The Energy Transition in Hungary

Hungary is increasingly focusing on clean energy technologies, positioning itself as a key player in Europe's energy transition. While the country still relies on a diverse energy mix that includes nuclear, natural gas, and coal, Hungary is expanding its renewable energy capacity, particularly in solar power, to meet its climate goals. As part of its strategy, Hungary is prioritising critical minerals like aluminium, manganese, and rare earth elements, essential for the development of clean energy technologies such as electric vehicles, batteries, and wind turbines. The country’s rich mineral resources, along with a strong industrial base, are helping to boost its role in Europe’s critical minerals supply chain. Hungary is also increasing its focus on battery production, which aligns with the growing demand for energy storage solutions across Europe. In parallel, Hungary is aligning its policies with EU-driven ESG standards, aiming for sustainable growth while reducing carbon emissions. As a member of the European Union and NATO, Hungary is strategically positioned to influence regional energy security and policy, ensuring that its energy transition supports both national and European objectives. Hungary’s investments in renewable energy and critical minerals highlight its commitment to securing a sustainable energy future while enhancing its competitive edge in the global clean tech industry.