METLEN
- Company typePublic
- Founded1990
- HeadquartersMaroussi, Athens, Greece
- Headcount—
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
METLEN firmographics
Firmographics- Name
- METLEN
- Legal name
- Mytilineos Holdings S.A.
- Website
- https://metlen.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Ownership category
- akta.pro rank
METLEN industry classification
Industry- Product category
- Integrated Energy and Metals
- NAICS
- Alumina Refining and Primary Aluminum Production (331313), Secondary Smelting and Alloying of Aluminum (331314), Primary Metal Manufacturing (331)
- SIC
- Primary Production Of Aluminum (3334), Secondary Smelting & Refining Of Nonferrous Metals (3341)
- akta.pro primary industry
- Primary Aluminum Smelting (IMAKACAC)
- akta.pro secondary industries
- Alumina Refining (Bayer Process) (IMAKACAB), Secondary Aluminum Smelting & Recycling (Remelt) (IMAKACAD), Aluminum Casting & Ingot/Billet/Slab Production (IMAKACAE)
Keywords
Where METLEN is headquartered
LocationHeadquarters
- HQ city
- Maroussi, Athens
- HQ country
- Greece
- HQ region
- Europe
Offices6 records
Markets served
METLEN business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Energy Generation & Management: Generation and management of thermal and renewable energy assets. Includes power production from thermal units exceeding 2 GW and RES portfolio of 8.5 GW. Revenue from electricity sales, market bidding, and non-physical power trading.
- Metals Production: Production and sale of aluminum, alumina, and bauxite. Annual capacity exceeding 190,000 tons of primary aluminum and 865,000 tons of alumina. Includes recycled aluminum through EP.AL.ME.
- Energy Supply & Trading: Retail supply of electricity and natural gas through Protergia brand. B2B supply and trading of natural gas through M Integrated Supply & Trading. Customer solutions including energy efficiency and smart services.
- EPC & Infrastructure Projects: Engineering, procurement and construction of energy projects including conventional electricity generation, RES, energy storage, and energy transition projects. Turnkey project delivery through M Power Projects and METKA ATE.
- Energy Software & Asset Management: Digital energy management software services including VPP management, asset performance monitoring, and optimization of renewable portfolios through jHub platform.
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
METLEN product offering
Product offeringCore offering
METLEN is a vertically integrated industrial and energy conglomerate that produces primary aluminum, alumina, and bauxite through its Aluminium of Greece operations, generates and supplies electricity and natural gas through thermal and renewable power assets and the Protergia retail brand, and delivers turnkey energy infrastructure projects worldwide through M Power Projects. The Metals Sector includes bauxite mining (European Bauxites), alumina refining, primary aluminum smelting, recycled aluminum (EP.AL.ME.), industrial gallium production, and advanced metal constructions and defense manufacturing through M Technologies.
Product overview
METLEN Energy & Metals is a global industrial and energy company operating two interconnected business sectors: Energy and Metals. The Energy Sector encompasses M Renewables (renewable portfolio management), M Energy Generation & Management (power plant operations), M Energy Customer Solutions/Protergia (retail electricity and gas supply), M Integrated Supply & Trading (B2B), and M Power Projects (conventional generation and energy transition). The Metals Sector includes Aluminium of Greece (vertically integrated bauxite, alumina, and aluminum production with 190,000+ tons annual capacity), European Bauxites (EU's largest bauxite producer), EP.AL.ME. (recycled aluminum), M Technologies (defense manufacturing), and Gallium production (strategic raw material). The company recently acquired Joule's jHub platform for Virtual Power Plant and renewable asset optimization capabilities.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 13.5% of Greece's active and licensed installed thermal output
- +2 more outcomes
Companies that use METLEN
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles5 records
METLEN technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature4 records
METLEN partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, key supplier, flagship client, strategic and major.
- Penn BESS Project PartnerscoreMETLEN delivering 129 MW Penn BESS project in West Midlands (362 MWh capacity) as part of UK battery energy storage portfolio. Working on approximately 30 UK units totaling nearly 2 GWh.
- Standardkessel Baumgarte GmbHkey supplierTechnical partner for Protos ERF project. Baumgarte provided standard boiler component for the 500,000 tonne/year waste-to-energy facility in Cheshire.
- Encyclisflagship clientMETLEN developed Protos Energy Recovery Facility for Encyclis as turnkey partner. Facility processes 500,000 tons of waste annually generating 49.9 MW. Carbon capture system planned for 2029.
- Joule (Acquisition)strategicMETLEN acquired Joule, a Greek energy software company, primarily to obtain its jHub platform for monitoring and optimizing renewable energy portfolios. Deal supports digital transformation and international portfolio management.
- Power FactorsstrategicMETLEN partnered with Power Factors for technical and commercial asset management across its global operations. Power Factors provides renewable energy asset performance management solutions.
- National GridstrategicNational Grid joined Northern Powerhouse Partnership. METLEN works on UK energy infrastructure projects including battery storage and energy recovery facilities in the UK market.
- Ghana Integrated Aluminium Development Corporation (GIADEC)strategicMETLEN secured Prospecting License from GIADEC for exploring and extracting bauxite deposits in Northwest Africa. Investment included in EU Global Gateway flagship projects for 2025.
- IMERYS Bauxites GreecestrategicMETLEN acquired IMERYS Bauxites Greece, merging with Delphi Distomo to create European Bauxites, strengthening position as largest bauxite producer in EU.
- DEI (Public Power Corporation)majorDEI and METLEN identified as major European players in green Power Purchase Agreements (PPAs). DEI ranked 6th largest seller of renewable energy contracts with volumes near 600 MW. Metlen secured 8th spot among buyers with deals totaling nearly 500 MW.
Scale indicators19 records
Recent moves4 records
METLEN competitors and assessment
Company assessmentDirect peers
- Norsk Hydro: Vertically integrated bauxite-alumina-aluminum producer headquartered in Norway with significant renewable energy generation tied to its smelting operations. Closely comparable to METLEN's Aluminium of Greece in integrated primary aluminum production combined with energy ownership.
- Alcoa Corporation: Global primary aluminum producer with bauxite mining, alumina refining, and aluminum smelting assets. Direct peer to METLEN's Aluminium of Greece and European Bauxites in the upstream and primary aluminum value chain.
- Emirates Global Aluminum (EGA): Privately held, vertically integrated bauxite-alumina-primary aluminum producer based in the UAE. Operates one of the five primary aluminum smelters globally and is a direct competitor to METLEN in primary aluminum supply, though it benefits from cheaper energy.
- Hindalco Industries (Aditya Birla Group): India-based integrated aluminum and copper producer covering bauxite, alumina, primary aluminum, and downstream rolled products. Comparable business model to METLEN's vertically integrated Metals Sector.
Broad incumbents
- Rio Tinto (Aluminum segment): Diversified global miner with a sizeable aluminum and bauxite segment (formerly Alcan) alongside iron ore, copper, lithium, and other minerals. Comparable to METLEN in primary aluminum and bauxite, though vastly larger and more diversified.
- South32: Diversified metals and mining company with aluminum, alumina, copper, zinc, nickel, manganese, and metallurgical coal operations. The aluminum segment (including Brazil Alumar) is directly comparable to METLEN's primary aluminum business.
- China Hongqiao Group: World's largest aluminum producer with vertically integrated bauxite-alumina-aluminum operations and captive coal-fired power generation in China. Comparable in scale and vertical integration, though operating in a different regulatory and energy cost environment.
- Iberdrola: Global renewable and integrated utility with a large RES portfolio and BESS investments across Europe and the Americas. Comparable to METLEN's energy generation, renewables, and storage growth strategy.
Emerging players
- Constellium: Specialty aluminum products manufacturer focused on aerospace, automotive, and packaging rolled and extruded products. Comparable to METLEN's downstream value-added aluminum activities, particularly through M Technologies.
Regional players
- Public Power Corporation (PPC) / DEI: Greek integrated utility with generation, supply, and RES operations and a major PPA counterparty to METLEN. Comparable to METLEN's Protergia retail and integrated utility business in the same Greek market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
METLEN social profiles
Digital presenceMETLEN financial estimates
Financial estimateRevenue estimate
Valuation estimate
METLEN leadership team
Management profileNumber of profiles
Profiles22 records
METLEN subsidiaries and ownership
Company hierarchySubsidiaries22 records
METLEN funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
METLEN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about METLEN
What does METLEN do?
METLEN is a vertically integrated industrial and energy conglomerate that produces primary aluminum, alumina, and bauxite through its Aluminium of Greece operations, generates and supplies electricity and natural gas through thermal and renewable power assets and the Protergia retail brand, and delivers turnkey energy infrastructure projects worldwide through M Power Projects. The Metals Sector includes bauxite mining (European Bauxites), alumina refining, primary aluminum smelting, recycled aluminum (EP.AL.ME.), industrial gallium production, and advanced metal constructions and defense manufacturing through M Technologies.
Is METLEN a public or private company?
METLEN is a public company. It is classified as public and is currently operating.
When was METLEN founded?
METLEN was founded in 1990.
Where is METLEN based?
METLEN is headquartered in Maroussi, Athens, Greece, in the Europe region.
How does METLEN make money?
Five revenue lines are on record. Energy Generation & Management is the primary driver. The others are metals Production, energy Supply & Trading, EPC & Infrastructure Projects and energy Software & Asset Management.
Who are METLEN's main competitors?
Direct peers on record are Norsk Hydro, Alcoa Corporation, Emirates Global Aluminum (EGA) and Hindalco Industries (Aditya Birla Group). Broad incumbents are Rio Tinto (Aluminum segment), South32, China Hongqiao Group and Iberdrola. Constellium is listed as an emerging player. Public Power Corporation (PPC) / DEI is listed as a regional player.
Does METLEN have an API?
No public API is recorded for METLEN.
What industry is METLEN in?
METLEN's product category is Integrated Energy and Metals. Its primary akta.pro industry code is IMAKACAC, Primary Aluminum Smelting, with a secondary code of IMAKACAB, Alumina Refining (Bayer Process). Its NAICS code is 331313 and its SIC code is 3334.