MYTILINEOS selected for the construction of a 48 MW energy storage project in Northern Greece.

The selection of MYTILINEOS for a 48 MW standalone battery energy storage system (BESS) near Kozani, Northern Greece, represents a focused effort to enhance grid stability and integrate renewable energy. Announced on October 26, 2023, this development project's commercial logic centers on providing critical flexibility to the Greek grid, allowing for more efficient management of intermittent power sources. While the project value remains undisclosed, the 48 MW capacity indicates a substantial investment in infrastructure designed to optimize energy flow and reduce curtailment of renewable generation in Northern Greece. This strategic move directly supports the region's energy transition by ensuring reliable power delivery as more green energy comes online. MYTILINEOS SA, a diversified Greek industrial and energy group with €5.53 billion in FY2023 revenue, will construct this 48 MW BESS, leveraging its global activity in power generation and renewable energy development. Metlen Energy & Metals, a global industrial and energy company, is involved as a developer, further solidifying its strategic focus on the energy transition. The Regulatory Authority for Energy, Waste, and Water (RAEWW) acts as a partner, influencing market structure and operational compliance for infrastructure assets within Greece. This Kozani project contributes to MYTILINEOS's evolving portfolio, demonstrating its commitment to energy storage solutions within the Greek market.