An Eight-Billion-Forint Geothermal Bet: Drilling the Future Beneath Kiskunhalas By Robert Buluma | Alphaxioms Insights |  Beneath the vast plains of Hungary’s Great Alföld, immense heat has been quietly stored for millions of years. Now, that hidden energy is poised to reshape the country’s energy future. The region around Kiskunhalas is set to become a focal point of Hungary’s geothermal ambitions, following the signing of a HUF 7.86 billion (approximately EUR 20 million) contract for geothermal drilling and well-testing works. The agreement was signed by a subsidiary of MVM Group , Hungary’s state-owned energy company, and covers geothermal exploration activities to be carried out over the next three years across several areas of the Great Plain. This marks one of the most significant state-backed geothermal initiatives in Hungary in recent years. Unlocking Earth’s Heat to Cut Energy Dependence The project’s strategic objective is clear: to pave the way for geothermal power pla...