- Business
- Metlen Energy & Metals S.A. operates as a global industrial and energy company focused on metallurgy and integrated energy solutions, spanning power generation, renewables, gas trading, and primary metals production; it maintains a vertically integrated production chain for bauxite mining, alumina refining, and primary aluminum smelting with annual capacities exceeding 865,000 tons of alumina and 190,000 tons of primary aluminum, alongside circular metallurgy initiatives extracting critical metals like gallium from industrial residues and advanced defense solutions in Volos, Greece. In its Energy Sector, the company delivers comprehensive utilities through five core units including M Renewables for solar, wind, and battery storage projects exceeding 11 GW across 40 countries; M Energy Generation & Management for thermal and flexible power plants; M Energy Customer Solutions for retail electricity and natural gas supply with energy efficiency and hydrogen services; M Integrated Supply & Trading for B2B energy commodities; and M Power Projects for infrastructure development and energy transition technologies. Founded in 1990 in Greece as an evolution of a 1908 family metallurgy business and headquartered at 8 Artemidos Street in Maroussi, Athens, Metlen conducts operations across five continents in over 40 countries, employing more than 9,000 people and serving industrial, utility, and retail customers with a 2024 turnover of €5.68 billion and EBITDA of €1.08 billion. Recent developments include its 2024 rebranding from Mytilineos to emphasize global growth and innovation; completion of the energy trading business acquisition from Most Energy in Bulgaria to bolster Southeast European presence; expanded partnership with Power Factors for unified renewable asset management; long-term power purchase agreements with Copec EMOAC in Chile, ENGIE in the UK, and HRE (Brookfield Renewable Partners) in South Korea; final investment decision for Greece's largest 330MW/790MWh standalone battery storage system in Thessaly set for 2026 commissioning; advancement of the Bauxite-Alumina-Gallium project and Circular Metals Pilot plant; inclusion in the FTSE 100 Index in September 2025; and reaffirmed 'BB+' credit rating from Fitch. The company lists primarily on the London Stock Exchange (MTLN.L) with secondary listing on Athens (MTLN.AT) and pursues synergies between energy and metals for sustainable growth, holding top ESG rankings including first in the London Stock Exchange's Multiline Utilities sector.