Athens, Greece / London, United Kingdom – 11 February 2026 – METLEN partners with Acciaieria Arvedi, one of Italy’s leading steel producers, to secure access to Italy’s innovative Energy Release 2.0 mechanism promoted by Gestore Servizi Energetici (GSE).
The agreement will cover approximately 2.4 TWh of electricity supply for Acciaieria Arvedi, providing access to stable, and competitive electricity pricing – a critical factor for energy-intensive industries operating in today’s volatile European energy landscape. Within the framework of Energy Release 2.0, METLEN will commission approximately 170 MW of new solar capacity in Italy over the next three years. These projects will benefit from a fixed remuneration of €65/MWh guaranteed by GSE, through the so-called “Italian Model”.
European industry continues to face higher energy costs compared to global peers, placing pressure on competitiveness, and long-term industrial resilience. Energy-intensive sectors such as steel and non-ferrous metals are particularly exposed. Energy Release 2.0 offers an innovative framework that links industrial electricity supply with the accelerated deployment of renewable energy.
The agreement illustrates how large industrial players can collaborate across the energy and metals value chain to deliver tangible solutions to Europe’s energy cost challenge. By partnering with METLEN, Acciaieria Arvedi leverages a counterparty with deep industrial expertise, and a proven track record in delivering complex energy projects across Europe.
The projects will be developed and executed by METLEN’s Renewables & Energy Transition Platform, one of the leading contractors in Italy for large-scale solar and battery energy storage projects. Drawing on global experience, such as more than 6 GW of completed projects, over 5.0 GW currently under construction, and a development pipeline exceeding 8 GW, METLEN contributes insights that support the effective integration of solar with advanced battery energy storage.
Notes to editors:
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For further information please contact:
Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax +30210-6877400 | E-mail: Antigoni.fakou@metlengroup.com
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.
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