14 AUG 2023

MYTILINEOS undertakes a 48MW/96MWh energy storage unit

Athens, Greece – 14 August 2023  – MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS) participated, through its 100% subsidiary "AENAOS BATTERIES ENERGY SINGLE MEMBER SA", in the first tender of the Regulatory Authority for Waste, Energy & Water (RAAEY) for the installation and operation of energy storage units.  

The Company's participation concerned a 48MW storage project with a guaranteed capacity of 96MWh in the Region of Central Macedonia and specifically in Halkidiki. The storage unit will be built in proximity with MYTILINEOS’ solar plants which are currently under construction. The storage unit is expected to be implemented in 2024, aiming to be operational by the end of the first half of 2025. 

Storage projects are a strategic pillar of the activity of MYTILINEOS' M Energy Sector, both in Greece and abroad, with 10 years of significant experience in both stand-alone storage, hybrid storage and solar systems, and projects constructed or under construction now reaching 650MW/750MWh in five countries, as well as portfolios with licensed or in licensing process over 2.9GW/3.7GWh in eight countries worldwide. Thus the Company intends to participate in future RAAEY tenders to secure new projects.

MYTILINEOS’s Aggregator will represent given storage unit.

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