Metlen opens 330 MW battery while Metlen Energy & Metals stock costs EUR 47.75

Published on 10/15/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Larissa adds 330 MW and 790 MWh to Metlen storage. Metlen Energy & Metals stock costs EUR 47.75 on October 15, 2026 at EUR 6.9 billion market value.

Storage strategy and next report

Metlen and Karatzis brought a 330 MW battery system online on October 14, 2026.
First-half 2026 EBITDA rose 23 percent to EUR 550 million.
Metlen Energy & Metals stock traded at EUR 47.75 at 12:22 p.m. CEST at Lang & Schwarz on October 15, 2026.
The next nine-month trading update is scheduled for November 5, 2026.

Metlen Energy & Metals, GB00BTQGS779, Illustration mit AI erstellt.

Metlen Energy & Metals (GB00BTQGS779) brought a 330 MW battery storage system online in Larissa, Greece, with 790 MWh of capacity. The project was developed with Karatzis Group and gives Metlen a larger role in managing energy costs for its aluminum operations, as Euro2day reported on October 15, 2026.

Battery storage reaches operations

The EUR 170 million facility is owned through a joint venture in which Metlen holds 49 percent and Karatzis holds 51 percent. The project can initially supply part of Aluminium of Greece's annual consumption of 2.8 terawatt-hours, while storing surplus renewable power for later use, according to Euro2day.

Three dates mark the expansion

On July 29, 2026, Metlen had signed a gallium supply agreement covering 25 percent of its planned 50-tonne capacity, according to Edison. On August 6, 2026, first-half revenue reached EUR 3.99 billion and EBITDA rose 23 percent year over year to EUR 550 million. On October 14, 2026, the Larissa battery came online with 330 MW of power and 790 MWh of storage.

What does the battery change?

The immediate investment case is operational rather than purely financial. Metlen can use storage to shift electricity into higher-value periods, while the battery supports its energy-intensive aluminum business. Edison said first-half 2026 revenue grew 11 percent from EUR 3.61 billion in the prior-year period and that full-year 2026 EBITDA guidance remained EUR 1.00 billion to EUR 1.15 billion.

Metlen's next scheduled company update is the nine-month 2026 trading update on November 5, 2026, listed in the investor calendar. The date follows the company's first-half results and should provide the next quantified view of energy, metals and infrastructure performance.

Stock price and operating scale

The stock's market value was EUR 6.9 billion on October 15, 2026. A separate analyst view from Wood & Company raised its price target to EUR 65.00 from EUR 45.00 on September 29, 2026 and retained a Buy rating, as Investing.com reported.

Metlen was trading at EUR 47.75 at Lang & Schwarz on October 15, 2026 at 12:22 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Metlen Energy & Metals stock.