REG - Metlen Energy&Metals - METLEN & PPC Group develop energy storage projects

Metlen Energy & MetalsAnnouncement

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RNS Number : 3969V  Metlen Energy & Metals PLC  05 March 2026

PRESS RELEASE

PPC Group and METLEN Energy & Metals join forces to develop up to 1,500MW
of energy storage projects across three countries

·   Energy storage projects with a total nominal capacity of up to 1,500
MW / 3,000 MWh in Romania, Bulgaria and Italy

·  Two-hour liquid-cooled battery systems featuring innovative LFP
technology

·  The two parties combine expertise in development, construction and
energy management

·  Storage stations support the operation of photovoltaic and wind parks
and contribute to power system stability

Athens, Greece / London, United Kingdom - 5 March 2026 - PPC Group and METLEN
(http://www.metlen.com) , leading Greek companies in the electricity sector in
Greece and the wider region, have signed a Joint Venture Agreement (JVA) for
the establishment of a joint venture company, in which each party will hold a
50% stake. The purpose of the joint venture is the development, construction
and operation of a portfolio of BESS (Battery Energy Storage System) projects
of up to 1,500 MW / 3,000 MWh in Romania, Bulgaria and Italy, of which 1,000
MW are expected to be implemented within the next 12 months.

For the construction of these storage stations, two-hour liquid-cooled battery
systems using innovative LFP technology will be deployed, maximizing both
usable energy output and operational safety.

The two parties are joining forces by contributing their respective expertise
in development, construction and energy management. PPC Group, with its
established presence in all three countries, ensures rapid project development
and efficient energy management, while METLEN, leveraging its long-standing
experience and reliable know-how, ensures the timely and high-quality
construction of the projects.

Beyond supporting the operation of adjacent photovoltaic and wind parks by
storing surplus energy for injection into the grid during periods without sun
or wind, the storage stations will also contribute to the stability of the
electricity system. Through the operation of these and future energy storage
facilities, the management of renewable energy production is optimized, their
contribution is maximized, and the full potential of renewable electricity
generation is effectively utilized.

Investments in storage ensure the optimal use of electricity generation from
Renewable Energy Sources and further enhance the stability of the power system
both domestically and across the wider region.

For PPC Group, this agreement secures the implementation of a significant
portion of its energy storage target over the next three years, while also
ensuring rapid execution. At the same time, the terms of the agreement
safeguard construction quality and the smooth operation of the storage
projects, which will be geographically diversified across countries where the
Group already operates and will be located near RES projects to optimize their
performance.

For METLEN, this collaboration represents a key milestone in the
implementation of its strategy for a strong presence in energy storage
projects at a European level, leveraging its extensive expertise in the
development, construction and operation of energy infrastructure. Energy
storage, as also outlined in its Medium-Term Business Plan, constitutes a core
pillar for maximizing the value of RES portfolios and enabling the transition
to a high-penetration clean energy system. Through the development of BESS
projects in strategic European markets and its partnership with PPC Group,
METLEN strengthens its international role, accelerates the execution of its
investment plan and makes a decisive contribution to shaping a more resilient
and sustainable energy system.

The Deputy CEO, Renewables of PPC Group, Mr. Konstantinos Mavros, stated:
"This agreement creates value for both parties and further expands our Group's
already significant presence in Southeast Europe. At the same time, the energy
storage projects already under implementation will ensure the optimal use of
electricity generation from Renewable Energy Sources and, additionally, the
stability of the electricity system in our country and across the entire
European continent. PPC is also a pioneer in this field, as the Group's
investment plan includes significant investments in energy storage systems.

The Chief Executive Director, Renewables, Storage & Energy Transition
Platform of METLEN, Mr. Nikos Papapetrou, stated: "The agreement with PPC
Group marks yet another substantive step in METLEN's strategy to develop and
implement projects that support the energy transition and sustainable
development in Europe. By combining METLEN's international experience and
expertise in the development, construction and operation of energy projects
with PPC's strong presence and footprint in regional markets, we demonstrate
in practice that energy storage is a catalyst for maximizing the value of
Renewable Energy Sources and ensuring the reliability of power systems."

 

For further information about PPC group please contact:

 Investors Relations                                               Press Office

 Halkokondyli 30, 104 32 Αθήνα                                     Halkokondyli 30, 104 32 Αθήνα

 Tel.: +30 210 529 2153, +30 210 529 3665, +30 210 529 3207        Tel.: +30 211 7509310, +30 697 270 7713, +30 6977214454

 ir (mailto:ir@ppcgroup.com) @ (mailto:ir@ppcgroup.com) ppcgroup   information (mailto:information@dei.gr) @ (mailto:information@dei.gr) ppcgroup
 (mailto:ir@ppcgroup.com) . (mailto:ir@ppcgroup.com) com           (mailto:information@dei.gr) . (mailto:information@dei.gr) com
 (mailto:ir@ppcgroup.com)                                          (mailto:information@dei.gr)

 

For further information about METLEN please contact:

Investors Relations

Tel. +30 210-6877300 | Fax +30 210-6877400 | E-mail: ir@metlen.com
(mailto:ir@metlen.com)

Press Office

Tel. +30 210-6877346 | Fax +30 210-6877400 | E-mail: communications@metlen.com
(mailto:communications@metlen.com)

 

 

About PPC Group:

PPC is the leading Powertech Group in Southeastern Europe. At the forefront of
the new wave of electrification, the Group plays a pivotal role in Greece's
and the wider region's digital transition, through strategic investments in
energy and technology infrastructure.

The transformation of PPC Group is based on building a clean and flexible
energy portfolio, by investing in renewables and lignite phase out by the end
of 2026. At the same time, the Group is expanding and modernizing the grids,
while placing the customer at the center of its commercial strategy.

In the energy sector, PPC operates as a fully integrated utility Group, with
activities in electricity generation, distribution and sale of advanced energy
products and services. PPC Group is active in Greece, Romania, N. Macedonia,
Italy and Bulgaria. The Group's total installed capacity stands at 12.5 GW,
generating 21 TWh of electricity annually. As of the end of the third quarter
of 2025, renewables' installed capacity reached 6.4 GW, with an additional 3.9
GW under development. PPC is the largest energy supplier in Greece and
Romania, serving more than 8.6 million customers and delivering 33 TWh of
electricity annually, along with a broad portfolio of energy products and
services.

In the technology sector, PPC is taking a leading role in the digital era by
linking energy with innovation. The Group is investing in cutting-edge
technologies - from a nationwide fiber-to-the-home (FTTH) network to
international telecommunications cables, data centers, and AI.

Focused on sustainable growth, PPC Group integrates responsible environmental
and social practices across its operations, creating shared value for society
and the environment. The Group's ESG progress is reflected in upgrades by
international organizations such as S&P Global, CDP, Sustainalytics, MSCI,
and ATHEX ESG, as well as in its participation in the global Science Based
Targets initiative (SBTi) for climate action.

Founded in 1950, PPC has been listed on the Athens Stock Exchange since 2001.

 

 

About METLEN:

METLEN Energy & Metals Plc (METLEN) is the parent company of the
international industrial and energy group, a leader in the metallurgy and
energy sectors, focused on sustainable growth and the circular economy. METLEN
is a benchmark in competitive "green" metallurgy at both European and global
level, operating the only fully integrated bauxite, alumina and primary
aluminium production plant in the European Union, with privately owned port
facilities. In the energy sector, the Company provides integrated solutions
through the implementation of thermal and renewable power generation projects,
electricity distribution and supply, as well as investments in network
infrastructure, battery storage and other green technologies. METLEN operates
across five continents and in more than 40 countries, employing over 9,000
people worldwide and applying a fully synergistic model across its metallurgy,
energy and end-to-end energy project development activities.

METLEN Financial Highlights

The Company has its primary listing on the London Stock Exchange and secondary
listed on the Athens Stock Exchange and is a constituent of the FTSE 100
Index. In 2024, METLEN reported consolidated revenue of €5.68 billion and
EBITDA of €1.08 billion, up 7% year-on-year, with net profit of €615
million. Adjusted net debt stood at €1.78 billion, with a Net Debt/EBITDA
ratio of 1.7x, reflecting strong financial resilience. METLEN is rated by
leading international sustainability and ESG agencies, holding the unique
Greek position in the Dow Jones Best-in-Class Emerging Market index, and
distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate
Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis,
Bloomberg and IdealRatings.

www.metlen.com (http://www.metlengroup.com/) | Facebook
(https://www.facebook.com/metlengroup) | X (https://x.com/MetlenSA) | YouTube
(https://www.youtube.com/@MetlenGroup) | LinkedIn
(https://www.linkedin.com/company/metlengroup)

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