Metlen Energy & Metals

Metlen Energy & Metals is transferring its concessions and public-private partnership (PPP) operations from its subsidiary Metlen Energy & Metals Single-Member S.A. to the new wholly owned subsidiary M Concessions Single-Member S.A. Business activities, assets, liabilities, project interests, personnel and ongoing tenders will be transferred; the underlying partial balance sheet is dated 31 December 2025. The share capital of M Concessions will be increased by issuing 105,064,218 new registered common shares at €1.00 each, to be taken up by the parent. A valuation report has been commissioned; the general meeting of the transferring subsidiary is expected to approve the transaction by 30 September 2026. Transactions since 1 January 2026 will continue to be accounted for and taxed as attributable to the transferring company. » More on de.investing.com

Metlen has acquired Greek energy-software specialist Joule and is integrating Joule’s jHub platform for remote monitoring, control and optimization of renewable and storage portfolios. The platform is intended to support Metlen’s aggregator business, which manages about 1,450 assets totaling 3 GW and recently added two storage units with 378 MW. Metlen plans to use Joule’s expertise in product development, engineering and go-to-market to expand applications for storage management, dispatchable assets and commercial hybrid-portfolio management. Financial terms of the acquisition were not disclosed. » More on de.investing.com

Metlen will supply about 25% of the annual gallium output from its planned plant in Greece long term to a US technology company. It is the first significant commercial gallium supply contract between a European producer and a US tech firm; financial terms were not disclosed. The EU has recognised Metlen’s investment as a strategic project under the Critical Raw Materials Act, and the European Investment Bank has approved financing under REPowerEU. Gallium is considered a critical raw material for AI, renewable energy infrastructure, telecommunications and defence, and Metlen says it is establishing an integrated production in Europe for the first time. » More on de.investing.com