Everllence PrimeServ has announced the signing of a Long-Term Service Agreement (LTSA) with TVO, operator of the Olkiluoto 3 nuclear-power plant – one of the most iconic sites in the European nuclear programme.

The Finnish power plant recently entered operation and must meet particularly high reliability, safety and security requirements, making equipment maintenance a major challenge. It is equipped with four Pielstick 18 PA6 B engines as a back-up power source. Despite their low operational demands, these must be maintained to the highest standards.

The four-year contract between Everllence PrimeServ and TVO comprises:

intermediate maintenance of the emergency units;
monthly performance tests of the engines.
The contract is a turnkey solution that covers the dismantling, cleaning, reconditioning and replacement of parts, and reassembly with a maximum completion time of 30 days per unit. This mobilises around 15 specialists on site.

Laurent Cado, PrimeServ Sales Manager, Everllence France, said: “The success of this contract is based on the coordination and responsiveness of the Everllence teams, who are capable of combining technical expertise, rigorous planning and execution in demanding conditions. For TVO, this guarantees a reliable and committed partner capable of ensuring the availability of its strategic equipment.”

This project confirms Everllence PrimeServ’s ability to tackle major technical challenges where safety, quality, and meeting tight deadlines are crucial, and to support its customers over the long term.

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HELLENiQ ENERGY Holdings S.A. (the “Company”) announced its FY25 consolidated financial results, with Adjusted EBITDA amounting to €1,132m and Adjusted Net Income to €503m. Strategic transformation benefits, a favorable international refining backdrop, strong operating performance across all our businesses, as well as increased international markets profitability, led to improved results.

In Downstream, refining production and sales volume remained high – at 15m MT and 15.6m MT respectively -, despite the Elefsina refinery turnaround.  This, alongside stronger refining margins and a improved international sales, partly aided by the launch of HELLENiQ Petroleum Trading operations in Geneva contributed to better realized margins. At the same time, contribution from Domestic and International Marketing was substantial, with historically high profitability.  Overall, international business accounts for a significant proportion of our profitability (~40%).

In Power, which includes Enerwave’s results from July 2025 onwards and Renewables Energy Sources (RES), the creation of a new vertically integrated power and gas platform establishes a new profitability pillar; on a pro-forma basis, Adjusted EBITDA exceeds €100m.

FY25 reported Net Income reached €173m (2024 at €60m), primarily due to inventory valuation impact on declining international crude oil prices.

Following FY25 financial results, the Board of Directors will propose to the Annual General Meeting the distribution of a final dividend of €0.40 per share. As a result, including the interim payment of €0.20 per share in January 2026, total dividend amounts to €0.60 per share (2024: €0.45€/share1). This distribution results in a total dividend yield of 7%, based on the share price at the end of 2025.

1Excluding the special dividend from the sale of the stake in DEPA Commercial

Main developments – Strategy implementation

The Vision 2025 strategic plan was successfully completed ahead of schedule.  Its implementation yielded substantial, measurable results across all our businesses, leading to a significant performance uplift. Emphasis was placed on strengthening our core activities, while creating a strategic new pillar in the RES, electricity and natural gas sectors, further strengthening our position in the energy market.

Our strategy remains focused on value creation for shareholders through growth and continuous competitiveness improvement in Downstream, as well as further expansion in international markets. At the same time, we continue evolving the RES and Power & Gas business into a standalone, vertically integrated platform, materialising synergies with other Group activities.

In Refining, Supply & Trading, our strategic initiatives include the implementation of projects that enhance energy autonomy and efficiency, the further development of digital transformation and the strengthening of our international presence through HELLENiQ Petroleum Trading. At the same time, we are evaluating growth investments in the Refineries facilities, along with sustainable fuels projects and carbon capture technologies, which are expected to contribute to the reduction of our environmental footprint.

In Marketing, investments and operational transformation in recent years are now consistently delivering strong results, both in Greece and internationally. Our strategy focuses on upgrading customer experience, expanding the company-controlled retail network in Greece and pursuing targeted expansion in Southeastern Europe. The re-opening of the Thessaloniki–Skopje pipeline after 13 years is a key milestone, an important development that improves access to Southeastern Europe markets, increasing opportunities for further growth in the region, while strengthening Greece’s role as an energy hub in the region.

Our RES business is expanding with a target of 1.5 GW of installed capacity within the next three years. Our diversification is strengthened both geographically, with presence in five countries, as well as technologically, through a balanced mix of wind, PV and storage projects. A major milestone for the Group was the integration of Enerwave (formerly ELPEDISON), with redesigned commercial policy and services, following the relaunch of its corporate identity. The synergies between RES and Enerwave, as well as the Downstream business, create a strong vertically integrated pillar in electricity and natural gas, making a significant contribution to the Group’s financial performance and growth. Furthermore, the acquisition of the portfolio and team of ABO Energy Hellas during the year strengthens our ability to accelerate development and enhance our implementation capabilities of new projects.

In Exploration & Production, we are managing an expanded portfolio through HELLENiQ Upstream Holdings, maintaining smaller participation interests, but in partnership with larger and more experienced international groups. The recent signing, together with Chevron, of lease agreements with the Hellenic Republic for hydrocarbon exploration and production in four new offshore blocks in Greece, as well as the partnership with ExxonMobil and Energean in Block 2 in the NW Ionian, significantly strengthen the Group’s portfolio. The exploratory drilling in Block 2, planned by the consortium in 2027, is expected to provide a clear assessment of the area’s hydrocarbon potential.

Lower crude oil prices – Higher international refining margins

In 2025, crude oil prices declined, with Brent averaging $69/bbl, 15% lower y-o-y, while the EUR/USD strengthened to 1.13 on average vs 1.08 in 2024.

Natural gas prices experienced a slight increase, +3% y-o-y on average. At the same time, electricity prices in Greece rose by 3% y-o-y, averaging €104/MWh, although they were down 8% y-o-y in 4Q25. CO₂ prices (EUAs) averaged €74/ton, 12% higher y-o-y.

During 2025, the global refining environment strengthened, reflecting a tighter supply-demand balance, driven by increased oil product demand growth in and ongoing supply disruptions. As a result, refining margins increased significantly, with our refineries system’s benchmark margin averaging $7.5/bbl in 2025 vs $5.3/bbl in 2024.

Increased fuel demand in all markets

Domestic market demand in 2025 reached 6.9m MT, 2% higher y-o-y, with automotive fuels consumption increasing by 1.5% y-o-y. Demand for aviation fuels grew by 6%, while marine fuel consumption increased by 1%, driven by higher demand for marine diesel, following new sulfur content regulations in the Med, effective 1 May 2025. Overall, economic growth continues to support higher demand, while relatively low pre-tax prices in Euro terms, benefits consumers.

Balance sheet and capital expenditure

Operating cash flow in 2025 amounted to €0.67bn due to strong profitability. Capital expenditure, including the Enerwave acquisition, amounted to €757m, a historic high. Net debt reached €2.1bn, or €1.8bn excluding non-recourse project finance, while total financing costs were reduced by 8% y-o-y due to lower base rates and spreads.

Andreas Shiamishis, Group CEO, commented on the results:

“For the 4th consecutive year, Adjusted EBITDA exceeded €1bn, while FY25 Adjusted Net Income was above €0.5bn, significantly higher than in FY24. The results were achieved within a favorable refining environment, but also as a result of improvements in sectors less dependent on external factors. Marketing for instance recorded strong performance, with EKO claiming a leading position in all its markets in Greece and abroad. At the same time, our international trading activity has expanded, and growth has accelerated in new areas such as renewables and electricity. A new first for the Group is the set-up of a platform for our power and gas business, which is fully controlled.

The financial performance demonstrates the successful completion of the first phase of our strategic transformation, VISION 2025, which led to portfolio diversification, operational improvements, cultural change, and the adoption of a more effective governance framework. The past few years have been successful at strengthening and transforming the Group.  Examples are the establishment of HELLENiQ PETROLEUM Trading in Switzerland, enhancing the Group’s international footprint and extroversion. The acquisition of Enerwave completed in 2025, creates a strong platform in renewables, electricity, and natural gas, with ambitions for further growth. In hydrocarbons exploration and production, as working with major international energy groups such as ExxonMobil and Chevron progressed, we doubled the exploration portfolio in Western and Southern Greece. Finally, the restart of Thessaloniki-Skopje pipeline operation for diesel transport opens up new opportunities to the Group’s regional position and improves not only cost-to-serve but also safety and environmental footprint.

Alongside our business performance, it is important to refer to the Group’s substantial contribution to society. Through targeted social and environment protection initiatives in 2025, we create a positive impact on the daily lives of more than 2 million fellow citizens.

Finally, I would like to express my sincere thanks to all HELLENiQ ENERGY employees for their contribution to the Company’s progress, as well as to our shareholders for their continued support and trust.”

Key highlights and contribution for each of the main business units in 4Q/FY25 were:

Refining, Supply & Trading

Refining, Supply & Trading Adjusted EBITDA came in at €330m in 4Q25 and €891m in FY25, higher y-o-y, primarily due to higher refining margins ($16.4/bbl vd 13.3/bbl in FY24).
Refineries’ production in FY25 amounted to 15m MT, -3% y-o-y, due to the scheduled three-month turnaround at the Elefsina refinery, while sales volume reached 15.6m MT. The launch of HELLENiQ Petroleum Trading in Geneva enabled improved crude oil supply and export opportunities during the year, with the latter accounting for 54% of total sales in FY25.

Petrochemicals

Particularly weak polypropylene (PP) margins, due to oversupply, affected the profitability of the business, with FY25 Adjusted EBITDA amounting to €18m, lower y-o-y despite increased sales volume by 7%. Exports accounted for 64% of total sales, demonstrating the international orientation of the business.
Marketing

In FY25, Domestic Marketing’s Adjusted EBITDA increased by 46% to €71m, driven by higher sales volume and improved contribution from premium fuels and non-fuel sales.
International Marketing’s Adjusted EBITDA amounted to €89m (+18% y-o-y), a record high, primarily supported by improved sales volume and margins. The retail network expanded to 336 stations vs 329 in FY24.

RES, Power & Gas

In FY25, RES and Power & Gas contributed €71m to Adjusted EBITDA compared to €46m in the corresponding period last year, primarily supported by the integration of Enerwave, which is consolidated in the Group’s results from 15 July 2025. The total installed capacity in thermal units and RES amounted to 1,346 MW, while power production from RES and thermal units reached 3.7 TWh (pro forma) for 2025.

HELLENiQ ENERGY Holdings S.A.

Group key financials for 4Q /FY 2025

(prepared in accordance with IFRS)

¹ Adjusted for inventory effects and other non-operating/one-off items, as well as the IFRS accounting treatment of the EUAs deficit.

² pps stands for percentage points

Το άρθρο HELLENiQ ENERGY: 4Q/FY 2025 financial results εμφανίστηκε πρώτα στο Maritimes.

An expert’s point of view on a current event.

The Transatlantic Energy Relationship Is Stronger Than Ever

And here’s how to make U.S.-European energy ties even more resilient.

By Stavros Papastavrou, Greece’s minister of environment and energy.

2025 was a decisive year in the evolution of the transatlantic energy relationship. What began as an emergency response to Europe’s sudden exposure to severe energy disruptions following Russia’s invasion of Ukraine in 2022 matured into a long-term strategic realignment. The Sixth Partnership for Transatlantic Energy Cooperation, which took place in Athens in November, underscored this shift, bringing together energy ministers, senior U.S. officials, and private-sector leaders to focus on diversifying Europe’s energy supply.

Now, the challenge before Europe and the United States is to move beyond conceptual alignment and ensure the practical delivery of infrastructure, markets, and investment that can sustain Europe’s energy security for decades to come.

Europe’s decision to unwind its dependence on Russian gas, which began in 2022, was both strategic and moral. For years, the continent’s energy model rested on an assumption that proved fragile: Inexpensive Russian supplies were treated as a given. The full consequences of that dependence became undeniable when Russia turned energy into an instrument of political pressure by curtailing pipeline flows, manipulating contract terms, and weaponizing supply disruptions to extract concessions from European states.

Europe chose a different path, acknowledging that economic convenience could no longer override strategic vulnerability. In 2021, Russia supplied around 40 percent of the European Union’s gas imports; by 2024, that number had fallen to around 11 percent. Last week, the EU formally adopted binding rules to phase out Russian gas imports entirely—with liquefied natural gas (LNG) imports banned from early 2027 and pipeline gas imports prohibited later that year.

Amid this transition, the United States stepped up decisively. The surge of U.S. LNG that reached Europe in 2022 and 2023 helped stabilize markets at a moment of acute stress, but the significance of the U.S. role has grown well beyond emergency relief. U.S. energy has become a structural pillar of Europe’s security architecture. In 2024, the United States was the EU’s largest supplier of LNG, accounting for nearly 45 percent of the bloc’s total LNG imports. In 2025, the U.S. share of the EU’s LNG imports approached nearly 60 percent, underscoring the deepening transatlantic energy integration. 

This progress has required sustained leadership on both sides of the Atlantic. The United States recognized that supporting Europe’s energy transition would strengthen both Europe’s resilience and the cohesion of the transatlantic alliance.

The joint statement that U.S. Energy Secretary Chris Wright and I issued at the summit in November reflects this shift. We emphasized long-term alignment on energy security, cooperation on infrastructure and technology, and a shared view of energy as a pillar of strategic security rather than a transactional commodity. During my visit to Washington in December, this shift was once again reaffirmed in every meeting I had with White House officials and members of Congress.

Greece’s rise within this new landscape is one of the most consequential and least anticipated developments of the past several years. A country once viewed as peripheral to Europe’s energy system has moved to its center. Greece is now a critical entry point for U.S. LNG into Europe. In 2025, more than 80 percent of Greece’s LNG imports came from the United States, nearly double the level from the previous year. Meanwhile, the Revythousa  LNG terminal outside Athens and the new floating regasification unit in Alexandroupoli have become major stabilizing assets for Europe’s central and southeastern states.

This transformation is not a matter of geography; it is the result of Greece’s deliberate policy choices, regulatory reform, and timely execution. In 2020, Greece imported roughly 6 billion cubic meters of gas and exported almost none. By 2024, it became a net energy exporter for the first time in its modern history: That year, inflows exceeded 17 billion cubic meters, 11 billion of which were reexported to neighboring countries. Greece is no longer a consumer at the edge of the system. It is a co-architect of Europe’s new energy map, a nation increasingly relied upon by its neighbors for stability, access, and connectivity.

This policy shift driven by Greece’s government and our partners across the region has already had tangible impacts for European consumers. Market volatility has eased as diversified supply reduces vulnerability to external manipulation. Predictions that severing dependence on Russian gas would harm European competitiveness have not materialized.

Still, affordability remains a challenge. Even as wholesale gas prices have fallen from the peaks seen in 2022, they remain well above pre-crisis levels, reinforcing the need for sufficient supply, competitive LNG markets, and cross-border connections that allow energy to flow where it is most needed.

That is why Europe is prioritizing the construction of the Vertical Corridor, a pipeline network linking Greece to Bulgaria, Romania, Hungary, Slovakia, Moldova, and Ukraine. When fully operational, it will allow non-Russian gas to reach up to 100 million Europeans. For Ukraine, the corridor is not merely an energy project but a strategic lifeline, anchoring its future within a secure European system. The next steps are to expand commercial memorandums of understanding, harmonize regulation, and accelerate technical upgrades so that the corridor functions as a true backbone of Europe’s diversified supply.

On Greece’s part, we have a market environment that is encouraging long-term investment. The government and private sector’s partnerships with companies such as ExxonMobil, Helleniq Energy, and Energean are advancing offshore exploration, with a view to beginning drilling in 18 months in the northwest Ionian Sea. Likewise, the Chevron-Helleniq Energy joint venture aims to accelerate seismic surveys in 2026 south of Crete and the Peloponnese.

For Greece, this is not a rejection of the transition to renewable energy but an effort to manage it responsibly. A reliable supply of energy remains essential during the transition period, especially as Europe grapples with the three-pillared challenge of decarbonization, affordability, and security.

And Greece’s renewable energy transition is already well underway: In 2024, renewables supplied more than half of the country’s electricity generation, driven by record additions of wind, solar, and hydro capacity. Under the revised national energy and climate plan, Greece is aiming for 82 percent of its electricity generation to come from renewable sources by 2030.

Greece’s domestic strategy reflects a broader philosophy that is increasingly relevant across Europe. Greek Prime Minister Kyriakos Mitsotakis has avoided framing energy policy as a choice between ideological purity and practical necessity. Instead, he has pursued a balanced path of expanding renewable energy, modernizing the grid, and investing in regional interconnections, all while ensuring that natural gas remains available and affordable as the continent moves toward its climate objectives.

There is also a more profound shift under way. Energy is becoming the hidden foundation of technological power. Artificial intelligence, advanced computing, and cloud infrastructure all require vast amounts of reliable, low-cost energy. Access to such energy will help determine which regions lead in innovation and which fall behind. Europe’s ability to compete in the AI-driven global economy depends on securing abundant and stable power. In this respect, Greece’s emergence as a regional energy hub intersects directly with Europe’s technological future. The infrastructure and human-capital skills now being built are not only an engine of security but a platform for long-term competitiveness.

Taken together, these developments underscore the need to quickly translate transatlantic energy cooperation from shared intent into tangible outcomes. First, European governments and EU institutions must invest decisively in LNG infrastructure, including additional regasification capacity and storage. These investments are needed and needed at pace.

Second, EU member states and regional partners should deepen participation in regional corridors, including expanded memorandums of understanding for the Vertical Corridor and accelerated permitting for interconnections, which entails streamlining environmental and regulatory approvals, shortening timelines for cross-border infrastructure, and harmonizing technical standards to allow projects to move from planning to construction without delay.

Third, policymakers on both sides of the Atlantic need to support stronger U.S.-European economic integration by institutionalizing cooperation on LNG trade, hydrogen value chains, grid resilience, and regulatory alignment. These steps will provide markets with the long-term signals needed to mobilize private capital.

Greece intends to remain a leading contributor to this effort. Our unique geographic position at the intersection of Europe, the Eastern Mediterranean, and the Middle East—as well as our global leadership in shipping capacity—brings with it both substantial opportunities and important responsibilities. We are committed to continuing to act as a bridge between regions, a reliable partner for allies, and a constructive voice in shaping Europe’s collective energy future.

The deeper lesson of the current moment is clear. When nations align their priorities, invest in shared infrastructure, and place trust at the center of their cooperation, they can build resilience even in times of profound global instability.

2025 may ultimately be seen not only as the year when Europe accelerated its separation from Russian gas, but also as the moment when the transatlantic partnership entered a new phase, defined by long-term strategic vision. The task for 2026 is to turn alignment into durable progress. Greece, the United States, and our European partners must work together, project by project, corridor by corridor—so that the energy connecting our nations secures prosperity and stability for generations to come.

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Stavros Papastavrou is Greece’s minister of environment and energy.

Το άρθρο The Transatlantic Energy Relationship Is Stronger Than Ever εμφανίστηκε πρώτα στο Maritimes.

Mr. Panagiotis Kanellopoulos, Chief Executive Director, International Energy Supply & Trading at METLEN, stated: “METLEN marks a significant milestone with the arrival of its first U.S. LNG cargo at the Alexandroupolis FSRU, destined for export to Bulgaria. We are proud to hold a leading position in LNG imports across Southeastern Europe. Since 2010, we have consistently supplied the Greek market and, in 2018, became the first company to import LNG via Revythoussa and export it to Bulgaria. Over the years, we have demonstrated Greece’s role as a real energy hub, as well as METLEN’s pivotal role in delivering reliable and competitive LNG throughout the Balkans and beyond. Today, with the introduction of this U.S.-sourced cargo for the Bulgarian market, our long-standing partnership with Bulgargaz grows even stronger, as we continue contributing to regional energy security with reliability.”

This development confirms METLEN’s role as a key pillar of energy security in Southeastern Europe. The company’s collaboration with the Bulgarian state-owned company Bulgargaz is among the region’s most stable and long-term cross-border energy partnerships. It began in 2018, when gas flows from Greece to Bulgaria were first executed on behalf of Bulgargaz, opening a new energy corridor in Southeastern Europe. Since then, METLEN has become a strategic supplier of LNG, natural gas, and integrated energy services to the Bulgarian market, playing a decisive role in ensuring the country’s supply security. Leveraging its international LNG presence since 2010, its extensive partner network, and its expertise in managing the entire supply chain, METLEN consistently provides Bulgargaz with competitive terms, benefiting end consumers.

METLEN maintains a strong and measurable footprint in the regional natural gas and LNG markets, representing approximately 35% of total demand in Greece and Bulgaria, while covering nearly 50% of Greece’s total LNG imports via the Revythoussa Terminal. Simultaneously, the company actively supplies LNG and natural gas to third parties in critical markets across the Atlantic Basin, Northwestern Europe, and the Mediterran.

Το άρθρο First U.S. LNG Cargo for the Bulgarian Market Arrives in Alexandroupolis via METLEN εμφανίστηκε πρώτα στο Maritimes.

Transaction terms: Final consideration of USD 865 million.

Balance Sheet Deleverage: Completion strengthens METLEN’s balance sheet.

METLEN increases its total liquidity, while significantly strengthening the company’s balance sheet in view of ongoing industrial and energy investments and potential M&A transactions

Robust and Proven Capabilities: Demonstrates solid execution of the asset rotation program

METLEN Energy & Metals [PLC] (“METLEN”) is pleased to announce the successful and timely completion of the financial closing of the disposal of large segment of its Chilean portfolio, which includes four projects with operational solar capacity of 588MW supported by constructed co-located Battery Energy Storage Systems (“BESS”) with capacity of 1,610 MWh.

This transaction with GAC RS Chile II SpA, a subsidiary of Glenfarne Group, LLC (“Glenfarne”), signed in April 2025, forms part of the global Asset Rotation Plan of METLEN. With the fulfilment of certain conditions, the total consideration of USD 865 million reflects the value creation opportunities emerging in the Chilean market along with our integral role towards the operation of the projects in this growing hybrid (PV and co-located BESS) asset class.

Mr. Evangelos Mytilineos, Chairman of METLEN Energy & Metals, with the opportunity of this transaction, pointed that co-located Solar and BESS project will pave the way forward in the company’s Global Asset Rotation Plan. With new projects developed on a hybrid basis but also through the hybridization of existing solar projects METLEN’s Energy Transition Platform is uniquely positioned to capture this emerging and growing opportunity.

On the event of the completion Nikos Papapetrou, Chief Executive Director Renewables & Energy Transition Platform said, “The completion of this landmark transaction showcases our strong execution capabilities in the LATAM region as well as METLEN’s unique ability to offer an integrated value proposition to the investor community under its Asset Rotation Plan. With Chile being a frontrunner for long-duration BESS, we are leveraging our knowledge across development, design, engineering and construction capabilities to create long-term value in the rapidly changing global renewable energy landscape”.

Glenfarne is a long-standing trusted partner of METLEN, and this transaction is a culmination of a growth journey, which we aspire to expand in further areas of activities where we share common interests.

Glenfarne Chief Executive Officer and Founder Brendan Duval said, “With this acquisition, Glenfarne is increasing the technology diversity of our infrastructure by adding battery capacity and increasing geographic and revenue diversification. METLEN has been a terrific partner throughout this transaction and our common focus on energy security and sustainability create opportunities for future cooperation in Glenfarne’s businesses across the Americas.”

The completion of the transaction supports deleveraging and further enhances METLEN’s financial strength as of end 2025, with a payment in excess of USD 800 million.

This outcome highlights the consistent execution of METLEN’s Asset Rotation Plan, enabling value crystallization and deployment of capital in high-growth opportunities across METLEN’S business segments.

Το άρθρο METLEN Completes Landmark Renewables Transaction in Chile with Enhanced Terms εμφανίστηκε πρώτα στο Maritimes.

Moderator:
 Mr. Gus J. Papamichalopoulos, Senior Partner, Head of Energy Infrastructure; Chairman of the
Management Committee – Kyriakides Georgopoulos Law Firm
Panelists:
 Dr. John Ardill, VP – Global Exploration -ExxonMobil Upstream Company
 Mr. George Alexopoulos, Deputy CEO and GM of Strategic Planning & New Activities- HELLENiQ
ENERGY Holdings
 Mr. Panos Benos, CFO – Energean
 Mr. Rikard Scoufias, Non-Executive Chairman of the BoD – HEREMA
Mr. Gus J. Papamichalopoulos, Senior Partner, Head of Energy Infrastructure; Chairman of the
Management Committee – Kyriakides Georgopoulos Law Firm, stated: “Greece had been advancing a clear
and credible strategy to become a leading energy hub in the Eastern Mediterranean — a strategy grounded
not in declarations, but in tangible progress, investment-grade confidence, and concrete infrastructure that
connects production with markets in Europe. The regional energy landscape had changed materially, and the
imperative of secure supply had elevated the role of the Eastern Mediterranean to a matter of strategic priority.
Within this shifting environment, Greece had acted decisively, implementing reforms, enhancing regulatory
efficiency, and creating an investable framework that balanced security of supply with the EU’s long-term
decarbonization goals.
He noted that the return of major global energy players to Greek offshore exploration — alongside strong
domestic leadership — was not incidental. It was the direct result of policy stability, improved contractual and
licensing structures, and a professionalized upstream authority. As Senior Partner of KG Law Firm, he
underlined that robust legal governance, predictable permitting processes, and risk allocation aligned with
global market standards remained essential conditions for unlocking investment and accelerating project
execution.
Mr. Papamichalopoulos emphasized that natural gas would remain a critical transition and competitiveness
enabler for Europe, and Greece, with its LNG terminals, expanding pipelines, and maritime expertise, was
uniquely positioned to serve as a secure gateway into the EU energy system. The Alexandroupolis FSRU, the
developments in Revithoussa, and additional infrastructure in progress reflected a long-term commitment to
regional connectivity and diversification.
He concluded by stating that Greece now had a rare convergence of geopolitics, policy alignment, and
investor engagement on its side. The challenge, and opportunity, was to maintain momentum, ensure
disciplined execution, and convert promising exploration into value creation for the Greek economy, European
partners, and regional stability.”

Dr. John Ardill, Vice President of Global Exploration, ExxonMobil, highlighted the importance of Natural
Gas for energy security, and spoke of Greece’s Exploration potential. He stated: “Energy demand continues to
rise globally, and oil and natural gas remain essential to support modern living standards. Natural gas offers
significant emissions reductions compared to coal while providing reliable baseload power that complements
renewable energy sources.
As we explore for new supply, the Eastern Mediterranean stands out as a proven gas-generating region and is
emerging as a regional energy hub thanks to its proximity to European markets and untapped Exploration
potential. Following our Exploration success in Cyprus in 2019 and 2025, we are excited to have farmed into
Greece Block 2. We look forward to progressing our evaluation which could lead to potential exploratory
drilling in 2027.

With a proven track record of Exploration success, a leading LNG portfolio, steadfast commitment to safe and
responsible operations, and ambition to achieve net-zero Scope 1 & 2 emissions for operated assets by 2050,
ExxonMobil is well positioned to help Greece unlock its hydrocarbon potential.”

Mr. George Alexopoulos, Deputy CEO and GM of Strategic Planning & New Activities- HELLENiQ ENERGY
Holdings Energy stated:
“Greece has been gradually strengthening its position within the regional energy landscape, as substantial
progress in hydrocarbon exploration, the steady expansion of natural gas infrastructure and developments in
the power sector begin to shape a more prominent strategic role.
Offshore exploration activity in the Ionian Sea and South of Crete is accelerating, with the participation of US
majors. The first exploration well after decades of inactivity is expected to be drilled in 2027. HelleniQ Energy
is proud to be part of the effort to develop our country's natural resources.
Simultaneously, Greece’s natural gas system has expanded its regasification capacity and export capabilities,
enabling Greece to play a crucial role in supporting Southeastern Europe’s gas demand, as Russian gas is
gradually phased out. Additional FSRUs under development, including one by HelleniQ Energy, together with
strengthened cross-border connections, will further support the country’s ability to facilitate diversified natural
gas flows, particularly US liquefied natural gas, and contribute to regional energy security and resilience.
In parallel, the Greek power sector has been undergoing a shift toward renewable generation, with flexibility
provided through conventional units and eventually battery storage. Renewables already account for more
than 50% of electricity production, making Greece a regional exporter, while modern gas-fired units cover
renewable intermittency and provide essential balancing services within a regional system that lacks sufficient
flexible capacity. Continued investment in transmission upgrades, new interconnections and energy storage
will be vital to unlocking additional renewable potential and strengthening Greece’s role in the region’s energy
transition. HelleniQ Energy, through our subsidiaries HelleniQ Renewables and Enerwave, is well-placed to
continue to drive change in the power sector in Greece and Southeastern Europe”

Mr. Panos Benos, Energean Chief Financial Officer, stated:
Energy security dominates energy conversations as a key pillar of the global and regional balance. Yet,
Europe remains in a chronic and widening deficit supplying under 50% of its own gas consumption with
estimated ~7% p/a growth in energy demand. Greece imports virtually all its gas needs with 2024 y.o.y gas
demand growth of ~30%.Energean, in partnership with Exxon Mobil and with the diplomatic support of the U.S. government, will
commence exploratory drilling in the Greek Block 2 license as early as 2026. This development could shift
regional gas balances, unlocking a potential 200bcm of natural gas resources, promoting Greek and regional
energy security and independence.In the wider East-Med, Energean is distinguishing itself as a reliable contributor to energy security. Energean
operates the only FPSO in the East-Med offshore of Israel. Through the successful development of the Karish
and the Karish North fields, and the future development of Katlan, Energean is meeting half of Israel’s
domestic demand. This long-term, competitively priced, reliable supply, helps secure Israel’s economic
resilience and sets the basis for exports to neighbouring markets such as Cyprus and Egypt.
Energy demand globally is surging at an unprecedented rate. An estimated $4 trillion is to be invested in all
forms of energy annually to keep pace with this demand. Within this context ‘Energy Addition’ is beginning to
replace the narrower concept of ‘energy transition’, recognizing the practical needs of global economies for
energy, across the spectrum, to meet their long-term strategic goals.
At this pivotal time, the East-Med emerges as a region with vital strategic importance and potential. With
supportive governments, renewed interest from global majors, and agile, proven operators such as Energean
delivering tangible results, the region is positioned to play a defining role in EMEA’s energy security in the
years ahead.

Mr. Rikard Scoufias, Non-Executive Chairman of the BoD – Hellenic Hydrocarbons and Energy
Resources Management Company (HEREMA), elaborated on Greece’s energy transition emerging as an
excellent investable proposition, with hydrocarbon exploration serving as a stabilizing pillar. He stated:
“HEREMA is the country’s central interface for hydrocarbons and energy resources. Under the incumbent
Leadership Team, in close collaboration with the competent Ministry of Environment and Energy, and with
strong Government support, HEREMA has been implementing a diversified energy strategy — designed to generate investable opportunities with tangible economic, geopolitical, and societal benefits. This integrated
and bankable strategy aims at strengthening national and regional energy security; unlocking and monetising
Greece’s energy resources; and accelerating transition to a more sustainable energy system, by ensuring that
every reliable and complementary solution is included in the energy mix. As Greece is located at the
intersection of Europe, Africa and the Middle East—at the centre of a most dynamic energy theatre, where
extensive upstream projects are currently active—reviving the domestic upstream programme is a core
element of that strategy. To that effect, HEREMA has been supporting E&P activities in Greece and attracting
leading global investors — such as ExxonMobil, Chevron, HELLENiQ ENERGY, and Energean. Their
engagement reflects trust in the country’s promising—yet largely unexplored—geological potential, robust
institutional foundations, and significant energy infrastructure. In addition, the national hydrocarbons
programme, along with complementary offshore energy activities, creates a multi-decade portfolio of
opportunities across key sectors of the Greek economy — including industry, shipping, infrastructure, and
advanced services. Energy security and decarbonisation are integrated objectives, not competing priorities.
And at HEREMA, we remain committed to delivering a reliable energy mix that balances cost, security, and
sustainability; and to providing a single, coherent interface for an efficient energy value chain.”
Presentation
PROGRESS IN MOTION: METLEN’s TRANSFORMATION FROM LOCAL LEGACY TO GLOBAL
LEADERSHIP
Ms. Vivian Bouzali, Chief Corporate Affairs & Communication Officer – METLEN Energy & Metals
BUILDING GREECE’S ENERGY FUTURE: RENEWABLES, POWER & NEW OPPORTUNITIES
Moderator
 Mr. Constantinos Lambadarios, Managing Partner – Lambadarios Law
Panelists:
 Mr. Konstantinos Mavros, Deputy CEO – PPC Group
 Mr. Vassilis Tsaitas Group Chief Financial Officer – HELLENiQ ENERGY Holdings
 Mr. Paschalis Bouchoris, Non Executive Chairman – Hellenic Gas Transmission System Operator
S.A. – DESFA
 Mr. Haris Sitzoglou, Managing Director Investment Banking – AXIA Ventures Group
PROGRESS IN MOTION: METLEN’s TRANSFORMATION FROM LOCAL LEGACY TO GLOBAL
LEADERSHIP
Ms. Vivian Bouzali, Chief Corporate Affairs & Communication Officer – METLEN Energy & Metals,
underlined that the Company has evolved from a strong European industrial group into a London-listed, truly
global energy and metals leader operating in more than 40 countries and employing almost 10,000 people. In
2024, METLEN delivered had a turnover of €5.68 billion and EBITDA of €1.08 billion. Today it is Europe’s only
vertically integrated aluminium producer — from bauxite to primary aluminium — and one of the few European
companies active across the full energy value chain, while it expands rapidly into Circular Metallurgy and
Critical Metals. By 2028 METLEN will produce 50 metric tons of gallium annually. In parallel, the Company is
accelerating its Circular Metals platform — a capacity that is becoming essential for global economies. On the
defence sector, METLEN already manufactures hundreds of advanced systems annually. New production
lines will be operational within months and are designed to scale capacity. Finally, through agile LNG trading,
METLEN transmits American LNG into Southeast Europe to strengthen regional energy security.

BUILDING GREECE’S ENERGY FUTURE: RENEWABLES, POWER & NEW OPPORTUNITIES
Mr. Constantinos Lambadarios, Managing Partner – Lambadarios Law, stated that the message he wished
to convey was one of confidence in Greece’s trajectory and in the country’s ability to sustain the progress it
has worked hard to achieve. He noted that Greece now stands on a stronger foundation—economically,
institutionally, and reputationally—than at any point in the last decade, and this is reflected in the calibre and
commitment of investors who choose to engage with the Greek market.

He emphasized that Greece is entering a phase where opportunity and preparedness finally align. Large-scale
energy projects, ambitious infrastructure initiatives, the country’s digital transformation, and a more outward-
looking business environment all contribute to a positive and durable outlook. He added that the thoughtful
incorporation of new technologies, including artificial intelligence, will further strengthen Greece’s
competitiveness and its ability to attract investment of the highest quality.
In his view, Greece has every reason to be optimistic—provided it continues to move forward with discipline,
collaboration, and a long-term mindset.
Mr. Konstantinos Mavros, Deputy CEO – PPC Group: PPC is moving into the next phase of the Energy
Transition“With significant investments in energy storage projects, the PPC Group is moving into the next phase of the
energy transition,” stressed the Deputy CEO of PPC Group, Konstantinos Mavros, during his remarks at
Capital Link.As the Deputy CEO explained, “The role played by energy storage units in the system is extremely important,
as they are designed to support the operation of adjacent photovoltaic plants and contribute to the stability of
the electricity system. They optimize the management of renewable energy production, maximize their
contribution, and fully leverage the electricity generation potential of RES.”
He added that the PPC Group is at the forefront of this transition, already having three Battery Energy Storage
System (BESS) projects in Western Macedonia in its portfolio, with a total installed capacity of 150 MW and a
total storage capacity 400 MWh.
Referring also to the recent energy agreements between Greece and the United States, Mavros explained that
batteries contribute to the country’s “energy independence” on multiple levels—national, economic,
geopolitical, environmental, as well as investment-related.
“It is self-evident that the less energy-dependent a country is—especially in times of geopolitical shifts such as
the one we are experiencing—the stronger its position on the international chessboard and the greater its
negotiating power,” he concluded.

Mr. Vassilis Tsaitas Group Chief Financial Officer – HELLENiQ ENERGY Holdings, stated that:
“Europe has led global energy transition efforts, with Greece among the frontrunners, having exceeded 50%
participation of renewable energy sources (RES) in its electricity mix. However, challenges such as costs,
competitiveness, and policy coordination with global markets remain, especially as major economies like the
US adjust their policies. Greece also faces issues like overcapacity and regulatory inflexibility, but has
opportunities to become an energy hub for Eastern Europe amid geopolitical developments.
Helleniq Energy has successfully completed its 2020-2025 strategy cycle, having established a material
second pillar in energy, through the development of >0,5GW of RES and the acquisition of 50% Elpedison –
now Enerwave, that we did not own and the rebasing of Group EBITDA profitability by €250m to €1bn. We
plan to continue on a balanced approach between our Downstream business that we believe it is part of the
transition, as well as our Green Utility. We are looking to invest over €3 billion for growth projects, on top of €1
billion for stay-in-business capex, aiming to grow our Green Utility both in Greece as well as in SE Europe,
decarbonise downstream operations and improve our asset base, while also expanding internationally, with
the objective of reaching recurring EBITDA of €1.5 billion by 2025 with over 20% coming from Green Utility,
targeting to double shareholder value in five years.”

Mr. Paschalis Bouchoris, Non Executive Chairman – Hellenic Gas Transmission System Operator S.A. –
DESFA, stated: “In a rapidly evolving energy landscape, Greece emerges as a regional energy hub and a
pillar of stability for Southeast Europe and beyond. DESFA is proud to lead this transformation, advancing
connectivity and energy cooperation through strategic initiatives such as the Vertical Corridor—whose
importance is evident today—reinforcing security and diversification for Greece and Europe. Through an
ambitious nationwide investment plan and a strong commitment to innovation, we are securing today while
shaping tomorrow: future-proofing our infrastructure with hydrogen readiness, laying the foundations for the
country’s future hydrogen network, and pioneering decarbonization solutions such as CCS. We are building a
cleaner, more resilient, and prosperous energy future for Greece, creating new opportunities for growth”

Mr. Haris Sitzoglou, Managing Director Investment Banking – AXIA Ventures Group, stated that “Greece has
firmly established itself as one of the most attractive destinations for international investment in Europe.
Political stability, the return to investment-grade status, and a supportive financing environment have
combined with a strong pipeline of credible corporate and infrastructure projects to drive a significant
acceleration in FDI, particularly through M&A and capital-raising activity. Nowhere is this more evident than in
the energy-transition sector. Greece is rapidly emerging as a regional energy hub — a strategic corridor for
both electrons and molecules into Southeastern Europe. The scale of the renewable penetration in the
generation mix, storage development as well as grid upgrades and interconnection initiatives, are creating a
compelling environment for global infrastructure capital seeking long-duration, high visibility and scalable
opportunities. At AXIA, we see this momentum firsthand. We have had the privilege of working with some of
the most sophisticated global investors as they shape and execute their strategies in the Greek market. Over
the past 12 months, we have advised on nine transactions across the energy-transition spectrum, supporting
capital deployment into renewables, integrated utilities and energy storage. The message is clear: Greece can
offer depth and a reliable platform for long-term energy-transition investment — and the opportunity set is still
expanding”.

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Collaborations are expected to support Aramco’s strategic growth objectives

Announcement builds on Aramco’s strong foundation of investments and business relationships with US companies

Projects in focus span LNG, financial services, advanced materials manufacturing, and procurement of materials and services

Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 Memoranda of Understanding (MoUs) and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies. These MoUs and agreements build on the 34 MoUs and agreements announced in May, which had a potential total value of approximately $90 billion, all supporting toward unlocking potential collaboration opportunities with companies in the US valued at around $120 billion.

The MoUs and agreements announced today are expected to support Aramco’s strategic growth objectives while enhancing shareholder value, and involve collaborations and partnerships covering a range of activities including Liquefied Natural Gas (LNG), financial services, advanced materials manufacturing, and procurement of materials and services.

The announcement coincides with the US-Saudi Investment Forum 2025 in Washington, DC, and builds on Aramco’s long history of partnership with US companies spanning more than nine decades.

Amin H. Nasser, Aramco President & CEO, said: “Since the 1930s, US firms have played a major role in supporting the company’s success. These relationships have contributed to the first production of oil in Saudi Arabia, the growth of our gas business, an expansion of our integrated downstream operations, the development of advanced digital technologies, AI and R&D, and promoted upskilling through the training and development of many Aramco employees in the US. We expect the multi-billion dollar MoUs and agreements announced today to act as a springboard for further progress, strengthening Aramco’s longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities that promote innovation and growth.”

The new MoUs and agreements announced by Aramco include:

LNG

MidOcean Energy: MoU related to potential investment in the Lake Charles Liquefied Natural Gas Project.
Commonwealth LNG: related to a liquefaction project located in Louisiana, US, and Aramco Trading’s potential purchase of LNG and gas.

Procurement of materials & services

Contracts and agreements reflecting relationships with strategic US suppliers: SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor. These suppliers provide high-standard materials and professional services that help support Aramco’s projects and operations.

Advanced materials manufacturing

Syensqo: extension of MoU to explore localization of carbon fiber and advanced composites for industrial applications.

Financial services

Wisayah asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc.
J.P. Morgan: Strategic collaboration for cash account management.

Το άρθρο Aramco announces 17 MoUs and agreements with companies in US εμφανίστηκε πρώτα στο Maritimes.

The solar parks benefit also from a state-backed incentive tariff granted by the GSE (Gestore dei Servizi Energetici) for a period of 20 years and are estimated to produce approximately 110 GWh of clean energy annually, enough to meet the energy needs of over 50,000 Italian households and prevent the emission of 26,000 tons of CO2 per year.

The financing for these projects was concluded through a club deal structure, with UniCredit (acting as Global Coordinator and Mandated Lead Arranger, Green Loan Coordinator, Hedging Bank, Issuing Bank, Agent and Account Bank), Intesa Sanpaolo – IMI CIB Division  (acting as Global Coordinator and Mandated Lead Arranger, Green Loan Coordinator and Hedging Bank) and Alpha Bank (acting as Mandated Lead Arranger and Hedging Bank). This funding includes €56 million in non-recourse senior debt, alongside €3 million for VAT financing and €3 million for DSR Facility, and LC facilities covering decommissioning obligations for the GSE and local municipalities.

In addition, the financing transaction also includes accordion facilities, which allow for future expansion of the credit commitments for two additional solar projects; and one BESS, representing a key structural innovation and strategic asset for grid support and revenue optimization.

Project financing was supported by a team of advisors including BonelliErede as borrower’s legal advisor, Legance as lenders’ legal advisor, EOS Consulting as technical advisor, Marsh as insurance advisor, KPMG as model auditor, and Aurora as market advisor.

Το άρθρο METLEN closes €65 million Project Financing for 60 MW solar energy projects in Italy εμφανίστηκε πρώτα στο Maritimes.

LONDON, UK – 03 September 2025: Independent research and energy intelligence firm Rystad Energy has published the results of a landmark study on the greenhouse gas (GHG) emissions from the LNG bunker supply chain, commissioned by SEA-LNG. This is the most accurate and up-to-date certified data on LNG as a marine fuel designed to help guide the International Maritime Organization’s (IMO’s) Net-Zero Framework and future fuel policy.

The implications for policy makers developing regulations to decarbonise shipping resulting from this study are:

Regulations should incentivise participants in the LNG bunker supply chain to continue to reduce GHG emissions, particularly in relation to natural gas production and liquefaction.

Policy makers should introduce a process to regularly update WtT default emissions factors used in regulation, in particular those relating to methane emissions.

This report highlights that the EU WtT default of 18.5 gCO2e/MJ (in FuelEU Maritime) is too conservative and a lower number is justified.

The study analyses the emissions originating from the five key fuel lifecycle stages: upstream, transportation & processing, liquefaction, shipping, and distribution & bunkering operations. It was conducted in line with the IMO WtT lifecycle analysis guidelines, the Intergovernmental Panel on Climate Change’s (IPCC) AR5 GHG definitions, and is based on asset-specific 2024 data.

The study finds that the global well-to-tank emissions intensity for LNG bunkering fuel in 2024 is 13.9g CO2e/MJ (LHV). Carbon dioxide dominates global WtT emissions, responsible for 84% of emissions. Carbon dioxide emissions were most prevalent in the liquefaction stage, responsible for 99% of the stage’s 5.9 g CO2e/MJ.

Methane emissions were responsible for 16% of total WtT emissions, equivalent to 2.2 g CO2e/MJ. They were most prevalent in upstream gas production lifecycle stage, responsible for 38% of total emissions from that stage.

On a global basis, upstream gas production and liquefaction were responsible for the majority of bunker supply chain emissions at 30% and 43% respectively. Consequently, these two stages should be the focus for most future decarbonisation efforts. From the upstream perspective, methane mitigation is best poised to deliver the greatest emissions reduction benefits. Improvements in liquefaction emissions have been observed over recent years, tied to greater utilisation of more efficient technologies. It is likely this trend will continue when coupled with key electrification projects using renewable energy such as hydro and solar power.

With around 95% of vessels still powered by oil-based marine fuels, LNG represents the leading alternative and already accounts for nearly 20% of the vessel orderbook. As the industry transitions toward net-zero and prepares for a rapidly expanding fleet of LNG-fuelled vessels, understanding the real-world lifecycle emissions of LNG is critical to shaping effective regulation and guiding future investment decisions.

Results also show wide variation between regions and cargoes, reflecting differences in gas sources, liquefaction technologies, and shipping distances. In some cases, emissions intensities differed by as much as 6.6 g CO2e/MJ, highlighting that a single global average does not capture the full picture and risks leading to poorly informed regulatory choices.

Patrick King, Vice President Emissions Research, Rystad Energy commented: “Our analysis is based on asset-level data that ties specific gas fields to liquefaction facilities. This approach, supported by satellite-detected methane plume data and reported asset information, gives a more accurate picture of the LNG actually used for bunkering, rather than relying on outdated or overly broad averages.”

Steve Esau, Chief Operating Officer of SEA-LNG, said: “Policymakers must create regulations that reflect the true carbon intensity of marine fuels, rewarding reductions across the supply chain. Marine regulators should incentivise participants in the LNG bunker supply chain to continue to reduce GHG emissions.”

Peter Keller, Chairman of SEA-LNG, concluded: “This landmark report sets the high standards the IMO should demand on such a key topic as alternative fuel emissions and performance within the Net-Zero Framework. Decisions must be based on real and recent data or risk undermining the significant progress already made along the practical and realistic LNG pathway to decarbonisation.”

Download the full Rystad Energy LNG well-to-tank emissions analysis here.
About SEA-LNG
SEA-LNG is a UK-registered not-for-profit collaborative industry foundation serving the needs of its member organisations committed to furthering the use of LNG, liquefied bio and e-methane as an important, environmentally superior maritime fuels. SEA-LNG has members across the entire LNG value chain including providers of the product, users, engine and asset suppliers, and class societies. SEA-LNG is already recognised as an international leader in LNG matters. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA-LNG initiatives and activities and financially contributes via a membership fee. SEA-LNG is guided by a board, which is led by chairman Peter Keller, who was elected as Founding Chairman in 2016. For more information, visit https://sea-lng.org/

About Rystad Energy
Rystad Energy is a leading global independent research and energy intelligence company dedicated to helping clients navigate the future of energy. By providing high-quality data and thought leadership, our international team empowers businesses, governments and organizations to make well-informed decisions.
Our extensive portfolio of products and solutions covers all aspects of global energy fundamentals, spanning every corner of the oil and gas industry, renewables, clean technologies, supply chain and power markets. Headquartered in Oslo, Norway, with an expansive global network, our data, analysis, advisory and education services provide clients a competitive edge in the market.
For more information, visit www.rystadenergy.com.
 

Το άρθρο Rystad Energy publishes definitive study on marine LNG well-to-tank (WtT) emissions εμφανίστηκε πρώτα στο Maritimes.

ACCIONA Energía, the world’s largest 100% renewable energy company with no fossil fuel legacy, is exploring the reuse of batteries from its fleet of Silence electric scooters in line with the EU Batteries Regulation (EU 2023/1542), which promotes circular economy principles in electronic equipment.

The project evaluates the feasibility of repurposing e-scooter batteries for stationary, less power-intensive applications—extending battery lifespans, reducing waste, and lowering the carbon footprint of ACCIONA Energía’s asset portfolio.

In partnership with second-life BESS integrator Beeplanet, ACCIONA Energía has developed a 1 MW prototype stationary storage unit using repurposed batteries. DNV is conducting a comprehensive review of the prototype’s design and overall second-life BESS strategy.

DNV’s role includes assessing the first-life application, repurposing process, and testing methodology, as well as evaluating the system’s electrical design, thermal management, and safety concept against relevant EU benchmarks.

Santiago Blanco, Executive Vice President & Regional Director for Southern Europe, Middle East, Latin America, and Africa, Energy Systems at DNV, said: “DNV’s advisory role helps organizations navigate the energy transition while aligning with the UN Sustainable Development Goals and EU circularity policies—safeguarding life, property, and the environment. Our technical assessment for ACCIONA Energía’s Second Life BESS project demonstrates this commitment by ensuring the safe and responsible reuse of EV batteries.”

This collaboration marks a significant step toward sustainable battery resource management and highlights how the energy sector is embracing circular economy models to build more resilient and environmentally responsible systems.

dnv.com

Το άρθρο DNV and ACCIONA Energía collaborate on sustainable battery storage solutions εμφανίστηκε πρώτα στο Maritimes.