Metlen opens 330 MW battery site. Edison values Metlen Energy & Metals stock at EUR 75.30

METLEN Energy & Metals (GB00BTQGS779) inaugurated a 330 MW battery energy storage system in Thessaly on October 15, 2026. The company is also preparing its next scheduled trading update, while Edison values the stock at EUR 75.30.

The Thessaly project adds 790 MWh of storage capacity to METLEN's energy platform. The announcement followed the company's agreement with Thales Alenia Space and Thales Hellas on October 12, 2026, which covered potential opportunities in Greece's future defense telecommunications space program, as reported by Investegate.

Three steps toward a broader platform

METLEN's recent sequence points to a wider energy and materials strategy. On October 5, 2026, the company announced a long-term gallium supply agreement with a Japanese chemical company covering up to 16 percent of annual production, according to FT.com. On October 15, the battery project supplied the latest operating figure, with 330 MW of capacity and 790 MWh of storage.

Earlier, METLEN's first-half 2026 revenue reached EUR 3.99 billion, up 11 percent from EUR 3.61 billion in the first half of 2025. EBITDA rose 23 percent to EUR 550 million from EUR 445 million, according to Edison. That comparison gives the storage rollout a financial backdrop: the company is expanding infrastructure while its latest interim results showed higher revenue and EBITDA.

What does the November date add?

METLEN's next milestone is the nine-month 2026 trading update on November 5, 2026. Edison lists the date as the next event and values the company at EUR 75.30 per share in its September 23, 2026 research note, while identifying execution and capacity expansion as risks.

London price stays a dated reference

METLEN's LSE price stood at EUR 49.28 on October 16, 2026 at 4:30 p.m. CEST, while its Athens price was EUR 48.88 at 5:20 p.m. CEST. The dated prices place the upcoming November update alongside a market value of EUR 7.0 billion reported by Edison.

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

Market context: Market report FTSE 100.

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