New renewable energy company enters the Hungarian market

Green Forum
Biggeorge Holding and Energy Independence Ltd. have founded a company providing renewable energy services. After its formation, the new joint company, 8G Energy Holding Zrt., acquired Solarkraft Home Zrt. owned by Energy Independence, which will continue to operate under the name 8G Energy Solutions Zrt. in the future, according to a statement by Biggeorge.

8G Energy aims to become a dominant player in the domestic renewable energy market. The company is constantly working on introducing innovations and technological developments in the field of energetics, energy management, and information technology. The company 8G stands for the eight green and renewable energy sources in which the company is able to provide complex consulting, planning, construction services and investment in related projects: solar, wind, shallow and deep geothermics, water, hydrogen, biomass, and biogas. The company is also looking for additional project and company acquisition opportunities.

The two founders of Energy Independence, Róbert Fehér and András Tótth, together with the Solarkraft group, founded Solarkraft Home Ltd. in 2021, of which they became 100% owners this year, and which provides energy consulting and planning for residential, commercial, and industrial customers. The company also provides construction services, currently mainly dealing with the installation of solar panels. After the first 18 months of its operation, Solarkraft Home Ltd. has nearly 1,500 contracted partners, and its annual sales revenue reached HUF 1.4 billion. 8G Energy Zrt. has great plans for 2023 as well, with an eye of reaching HUF 10 billion in revenue.

"The positive outcome of the energy crisis and the increasingly worrying climate projections is that the transition to renewable energy will accelerate in the coming years and decades, especially in Europe, which will also be a business opportunity for companies in this field," emphasizes Tibor Nagygyörgy, Founder and CEO of Biggeorge Holding.

"I believe that the members of the Biggeorge Holding group will help us in a number of areas and provide us with the opportunity to develop integrated services covering the entire value chain, both in the industrial and residential segments. We will be looking to work with the more than 220 real estate offices of Otthon Centrum and Open House in residential services, Dome Facility Services Group to further reach out to high energy customers, and Biggeorge Property Ltd. in project development, construction, financing and fund management," says Róbert Fehér, CEO of 8G Energy Holding Ltd.

"Domestic energy regulation is in transition, there is still a lot of uncertainty, but the direction is clear. There is a huge demand from our customers for complex, tailor-made renewable energy solutions and there is also a strong governmental emphasis on supporting the transition," András Tótth, the company's Strategy Director stresses.

RECOMMENDED
ESG compliance to appear in the judicial system in Hungary
Regulation

ESG compliance to appear in the judicial system in Hungary

Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.

RECOMMENDED FROM THE HOME PAGE
Cost remains main driver and biggest barrier in sustainability
Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

READ MORE
Green Forum  |  20 October, 2025 at 6:38 PM
Green Forum  |  10 October, 2025 at 9:55 AM