Metlen is working in collaboration with Acciaieria Arvedi, one of Italy's top steel manufacturers, to support its inclusion in the innovative Energy Release 2.0 mechanism established by the Italian Energy Services Manager (GSE). This mechanism is designed to aid industrial energy consumption through the development of renewable energy sources. The agreement involves a supply of approximately 2.4 TWh of energy to Acciaieria Arvedi, ensuring stable and competitive pricing, a critical factor for energy-intensive industries in today's volatile European energy landscape.

As part of the Energy Release 2.0 mechanism, Metlen plans to develop and deploy around 170 MW of new installed photovoltaic capacity in Italy over the next three years. These projects will benefit from a fixed payment of €65/MWh, guaranteed by the GSE through what is known as the 'Italian model'. This initiative is expected to bolster Italy's efforts in transitioning towards renewable energy while providing much-needed stability in energy pricing for heavy industries, thereby facilitating their operational sustainability.

The implications of this collaboration extend beyond just energy supply; it symbolizes a strategic partnership between the renewable energy sector and traditional industries like steel manufacturing, underscoring the importance of energy innovation in achieving environmental sustainability goals. Furthermore, this initiative reflects broader trends in Europe where industries are seeking to adapt amid rising energy costs and increasing regulatory pressures for greener operations, showcasing Italy's proactive stance in addressing these challenges through innovative solutions.