A significant strategic partnership was announced by the DEI Group and Metlen Energy & Metals, which will involve the development of energy storage projects up to 1,500 MW in Romania, Bulgaria and Italy. The two parties collaborate by contributing expertise in energy development, construction and management. The storage stations support the operation of photovoltaic and wind farms and contribute to the stability of the electrical energy system.
DEI Group and Metlen partnership: The official announcement
The DEI Group and METLEN, leading Greek companies in the Electric Energy sector in Greece and the wider region, signed a framework agreement (Joint Venture Agreement – JVA) for the establishment of a joint venture, in which each party will participate with a 50% stake. The purpose of the joint venture is the development, construction and operation of a BESS energy storage project portfolio up to 1,500 MW/3,000 MWh in Romania, Bulgaria and Italy, of which 1,000MW are expected to be implemented within twelve months.
For the construction of these storage stations, two-hour liquid-cooled battery arrays will be used, featuring innovative LFP technology, maximizing both the utilized energy and safety during operation.
The two parties collaborate by contributing expertise in development, construction and energy management. The DEI Group, with its presence in the three countries, ensures rapid development and effective energy management, while METLEN with its long-term experience and reliable expertise, ensures timely and excellent project construction.
The storage stations, beyond supporting the operation of adjacent photovoltaic and wind farms by storing excess energy to be fed into the system during hours when there is no sun or wind, simultaneously contribute to the stability of the electrical energy system. Through the operation of these stations, as well as future energy storage stations, the management of Renewable Energy Sources production is optimized, their contribution is maximized and the potential for electricity generation from RES is fully utilized.
Investments in storage ensure the best possible use of Renewable Energy Sources production and, additionally, strengthen the stability of the electrical energy system in our country, as well as in the wider region.
DEI Group: What the agreement with METLEN signifies
For the DEI Group, this agreement ensures the implementation of a large part of the energy storage target within the next three years, while also ensuring the speed of implementation. At the same time, the terms of the agreement ensure the quality of construction and good operation of the storage projects, which have geographical distribution in countries where the Group already operates and will be located near RES projects, optimizing their operation.
Partnership with DEI Group a pivotal step in METLEN’s strategy
For METLEN, this partnership represents a pivotal step in implementing its strategy for a strong presence in energy storage projects at the European level, leveraging its extensive expertise in the development, construction and operation of energy infrastructure. Energy storage, as provided in the Medium-term Business Plan, constitutes a fundamental pillar for maximizing the value of RES portfolios and transitioning to a high clean energy penetration system. Through the development of BESS projects in strategic European markets and partnership with the DEI Group, METLEN strengthens its international role, accelerates the implementation of its investment plan and contributes decisively to shaping a more resilient and sustainable energy system.
“The agreement extends our group’s already significant presence in Southeast Europe”
The Deputy Managing Director of RES DEI Group, Mr. Konstantinos Mavros, stated: “The agreement we signed creates value for both parties and extends our group’s already significant presence in Southeast Europe. At the same time, the energy storage projects already being implemented will ensure the best possible use of Renewable Energy Sources production and, additionally, the stability of the electrical energy system in our country, as well as throughout the European Continent. DEI is a pioneer in this process too, as the Group’s investment plan includes significant investments in energy storage systems”.
The significance of DEI Group’s agreement with METLEN – What Nikos Papapetrou said
The Chief Executive Director, Renewables, Storage & Energy Transition Platform, Mr. Nikos Papapetrou, stated: “The agreement with the DEI Group represents another substantial step in METLEN’s strategy for developing and implementing projects that enhance 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 DEI’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 electrical systems”.
