Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
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Hungary: Paks nuclear power plant achieves fifth-highest production record in 2024

Hungary’s only nuclear power plant, Paks, operated by the state-owned energy company MVM, closed 2024 with its fifth-highest production record in history. The plant’s four reactors produced a total of 16,016.6 GWh of electricity, which accounted for nearly half of Hungary’s gross electricity generation and about one-third of the country’s total electricity consumption.

Since its inception, the plant has helped prevent approximately 250 million tons of carbon dioxide emissions, playing a crucial role in reducing Hungary’s carbon footprint.

The Operational Safety Review Team (OSART) report recognized four best practices at the plant, including proprietary software that accurately predicts potential incidents and their consequences. This innovation has since been incorporated into global nuclear industry standards. In the third quarter of 2024, NPP Paks was ranked among the top 30% of nuclear power plants worldwide. Additionally, all four of its reactors were listed in the top 25% in a comparison of nearly 150 units at the World Association of Nuclear Operators (WANO) Paris Center.

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