Geothermal Energy: The Future of Hungary’s Green Economy

For years, Hungary has ranked among the leading countries in Europe when it comes to the direct use of geothermal energy, with plans for significant expansion by 2030. Moreover, according to the National Concept for the Utilization of Geothermal Energy, Hungary aims to make this sector a key branch of the country’s green economy and sustainable development.

As stated on the official website of the Hungarian government, there are plans to increase current usage from around 6.4 petajoules to 12-13 petajoules, which would raise the share of geothermal energy in heat production from 6.5 percent to 25-30 percent. By doing so, geothermal energy could replace a significant amount of natural gas by 2035, reducing dependency on imports.

In the Carpathian Basin, the Earth’s crust is thinner than the European average, resulting in higher underground temperatures in this region. Additionally, the rocks in this area can store large amounts of natural underground water, which is replenished by rainfall. This means Hungary has favorable conditions for diverse applications of geothermal energy.

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Although geothermal heat production has increased more than fourfold since 2010, there is still significant potential for further expansion.

Photo-illustration: Pixabay (Gruendercoach)

The geothermal energy sector has recently gained momentum due to a new, flexible permit system, as well as the establishment of the Hungarian Geothermal Cluster. Moreover, the continuation of the national geothermal research program, along with funds allocated through the Climate and Nature Protection Action Plan, has reduced the financial risks associated with geothermal drilling. Finally, a call for funds from Swiss programs has been opened, which will contribute to the modernization of existing thermal wells.

To achieve rapid results, the government plans to play a larger role in researching and promoting geothermal energy. It is expected to provide a stable financial environment to reduce risks and create favorable conditions for investment. The National Concept, prepared by the Ministry of Energy, is available to the public on their website.

These efforts represent a significant step towards strengthening Hungary’s energy independence and reducing greenhouse gas emissions, thereby contributing to global efforts to combat climate change.

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