PRESS RELEASE

METLEN acquires Joule, a software company specialising in the optimisation of renewable energy project management

With this move, the company strengthens its digital capabilities in the management of renewable energy and storage portfolios, while laying the foundations for the development of new energy services.

Athens, Greece / London, United Kingdom - 18 August 2026 -  METLEN announces the acquisition of Joule, a Greek energy software company, marking another strategic step in the digital transformation of its activities in the representation and optimisation of energy portfolios.

At the core of the acquisition is the jHub platform, an advanced system for the remote monitoring, control and optimisation of renewable energy and storage portfolios. Developed exclusively by Joule, the platform enables real-time monitoring of unit operations, more accurate production forecasting, the remote implementation of production curtailment commands, as well as the provision of advanced digital services to producers through an integrated customer portal.

The acquisition materially enhances METLEN's capabilities in the management and commercial optimisation of renewable energy and storage portfolios, as well as the company's Aggregator business, one of the largest and most dynamic in the Greek market. The portfolio currently under management comprises approximately 1,450 renewable energy units, with a total installed capacity of 3 GW, covering all major renewable energy technologies. The first two energy storage units, with a total capacity of 378 MW, were also recently added to the portfolio.

At the same time, METLEN's Aggregator business has also established a presence in other European electricity markets, providing producer representation services in Italy and Romania, while it is in the process of expanding its activities into Bulgaria.

In an environment marked by increased production curtailments and periods of negative pricing, the ability to manage and monitor portfolios in real time is becoming critical. With the integration of jHub, METLEN gains technological autonomy in a critical operational function, strengthening its ability to optimise the operation of its energy portfolios and make more effective use of the capabilities of renewable energy assets.

Additionally, the platform creates significant opportunities for the development of new digital energy services, such as advanced applications for the management of storage systems, solutions for dispatchable renewable energy units, and the commercial management of hybrid portfolios combining renewables and storage. This investment strengthens METLEN's strategic position as an integrated provider of innovative energy and digital solutions in Greece and internationally.

For producers working with METLEN, this investment marks the transition to an even more advanced service model. Beyond representation in electricity markets, they gain access to a modern digital environment, with full real-time visibility over the operation of their assets, advanced reporting and data analytics tools, as well as the ability to make use of new energy flexibility services.

As per the acquisition agreement, METLEN will leverage the Joule team's expertise across product development, engineering and go-to-market activities, providing support.

Notes to editors:

Photo material for METLEN and its activities can be found here.

For further information please contact:

Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax +30210-6877400 | E-mail: [email protected]

About METLEN:

METLEN Energy & Metals Plc (METLEN) is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive "green" metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 8,500 people worldwide and implementing a fully synergistic model across its Sectors.

METLEN Financial Highlights

METLEN has its primary listing on the London Stock Exchange and secondary listed on the Athens Stock Exchange and is a constituent of the FTSE 100 Index. In 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.

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