MYTILINEOS Energy & Metals: Empowering the future of energy with innovation
Image Credit: MYTILINEOS
In the dynamic landscape of the global energy sector, MYTILINEOS Εnergy & Metals stands as a trailblazer, leading the charge in providing versatile and comprehensive energy solutions.
Active in over 40 countries and five continents, MYTILINEOS’ activities on the energy side of the business span across grids, power plants, thermal technologies and renewable energy sources (RES), all contributing to a sustainable and vibrant energy future.
On the Metals side, MYTILINEOS is the largest bauxite producer in Europe, operating the sole bauxite to aluminum integrated unit in the European Union, with aluminium recycling making up about a quarter of overall production in 2023
Grids driving the green revolution
Managing an extensive portfolio of 30 ongoing power projects across 10 countries, MYTILINEOS M Power Projects segment showcases the kind of global reach and impact that transcends all segments.
With a thermal project portfolio exceeding 16GW for third parties worldwide, the company is actively involved in constructing natural gas-fired power plants in the UK and Poland, illustrating its commitment to expanding its international operational footprint.
MYTILINEOS recognises the pivotal role that grids play in shaping the future of our energy landscape, paralleling the significance of renewable energy sources. Beyond being instrumental in the green transition, grids open up exciting avenues for growth and collaboration.
According to the European Union, a substantial €584 billion (US$634 billion) investment is needed in new networks and the upgrading of existing infrastructure, setting the stage for a sustainable energy evolution.
Recently, MYTILINEOS as awarded a £1 billion (US$1.3 billion) contract to construct the UK’s first high-capacity East Coast subsea link in collaboration with GE Vernova, benefitting Scottish Power and the UK’s National Grid, enabling the transmission of renewable green energy to power more than two million homes across the UK.
Based on track record, MYTILINEOS has completed among others a significant 130km interconnection line between Maritsa East 1 (BG) and Nea Santa (EL), enhancing transfer capacity and ensuring safe integration of renewable energy in northeast Greece and Bulgaria.
Expertise in designing and building high voltage lines, like the DISTOMO-High Voltage Centre AGIOS NIKOLAOS I & II transmission line, another of the Company’s major projects, is crucial for safe distribution and supporting increased power flows.
WATCH: Avokado is breaking new ground in Energy AI
Cutting-edge power generation: the energy trilemma
In the realm of natural gas, MYTILINEOS is a standout player in the Southeastern Europe market, engaging in extensive trading and supplying operations.
Seven state-of-the-art industrial thermal (gas-fired) power plants showcase MYTILINEOS’s commitment to innovation and energy security, boasting cutting-edge technology that enables an annual power generation exceeding 5TWh. These plants not only signify technological prowess but also underline the company’s dedication to meeting the surging global demand for energy.
Countries worldwide grapple with the energy ‘trilemma’, balancing accessibility, affordability and sustainability. Recent crises have spotlighted vulnerabilities in existing energy infrastructure, highlighting the need for a transition towards more sustainable and integrated solutions.
Global impact: portfolio, expansion and commitment
Founded in Greece in 1990, MYTILINEOS has evolved into a global player with a firm commitment to the communities it serves. As a publicly listed company on the Athens Stock Exchange, boasting a consolidated turnover of €5.5 billion and an EBITDA of €1 billion, MYTILINEOS possesses the financial strength to invest in cutting-edge technologies and projects that contribute to sustainable energy solutions globally.
Moreover, the company is a leader in renewable energy projects across Europe, Chile, Australia, the Americas, and Asia. With a capacity of 14GW in different stages of development, these initiatives underscore MYTILINEOS’s commitment to shaping a cleaner and more sustainable energy landscape.
Shaping the energy transition future
MYTILINEOS is not just an energy company; it’s an energy transition powerhouse. As it pioneers advancements in grids, power plants, thermal technologies, customer solutions and renewable energy, MYTILINEOS remains dedicated to a future where energy is not just accessible and affordable, but most importantly, sustainable.
With innovation as its driving force, MYTILINEOS continues to empower the future of energy, contributing to a world where sustainable solutions thrive.
About MYTILINEOS
MYTILINEOS Energy & Metals, founded in Greece in 1990, is an industrial and energy multinational company, listed on the Athens Stock Exchange, with a consolidated turnover of €5.5 billion and EBITDA of €1 billion with activities across 40 countries and 5 continents. Through the energy sector, the company is strategically positioned at the forefront of the energy transition as an integrated utility of the future, while through the metallurgy sector the company is establishing as a benchmark for competitive ‘green’ metallurgy in the European landscape. Focused on sustainability, it has set a target to reduce CO2 emissions by at least 30% by 2030 and achieve by 2050 net zero carbon footprint in all its operations in accordance with the criteria for Environment, Society and Governance (ESG).
