MET Group, a European energy company headquartered in Switzerland, has ac-quired 100% of KGE (Kommunale Gasspeichergesellschaft Epe mbH & Co. KG), a natural gas storage operator based in Gronau, North Rhine-Westphalia. With this acquisition MET Group is further strengthening its commitment to investing in natural gas infrastructure in Germany.
After years of crisis-mode thinking, the energy sector is shifting its focus and finally starting to address the challenges of the energy transition. For the CEO of MET Hungary, the shift is not only strategic but also personal.
Hungary’s largest operating standalone battery energy storage system (BESS) has been inaugurated today: MET Group put into operation a battery electricity storage plant with total nominal power output of 40 MW and storage capacity of 80 MWh (2-hour cycle). It is the latest example in a series of MET investments in BESS projects across Europe.
MET Energia Italia and leading Italian metallurgy company Eredi Gnutti Metalli an-nounced a 10-year Power Purchase Agreement (PPA). Through this long-term energy supply contract, Eredi Gnutti Metalli commits to purchasing an annual quantity of elec-tricity at a fixed price for a period of ten years.
Swiss-based MET Group has decided not to proceed with the transaction to acquire 54.07% of shares in Achema Group, a leading producer of nitrogen fertilizer and chemicals in the Baltics. The legal disputes and the various uncertainties outweigh the potential benefits of continuing with the transaction.
“European industrial energy consumers’ gas contracts are almost entirely indexed to the Dutch TTF or other European gas exchanges, and continuing to stake their survival on a single benchmark would be a self-inflicted wound”, Gergely Szabó explained to Portfolio. The Regional Chairman of MET Central Europe argues that companies should index part of their gas procurement to the U.S. Henry Hub.
Swiss-based European energy company MET Group has appointed Noubi Ben Hamida as its new Chief Financial Officer for MET Holding AG. An international CFO with more than 25 years of experience in the energy sector, he will join MET on 16 June 2025 and support the company’s ambitious growth strategy.
5/2/2025
Regional Presence
17
Countries via subsidiaries
32
National gas markets
44
International trading hubs
Green Assets
MET Buzsák Solar Park MET Dunai Solar Park MET Gerjen Solar Park MET Kabai Solar Park MET Kaba II Solar Park MET Puerto Real Solar Park MET Söjtör Solar Park
MET Kavarna Wind Park MET Suvorovo Wind Park
Subsidiaries of MET Group
Trading regions for MET Group
Trading regions and renewable activities
CONTACT
If you need further information about our company, please do not hesitate to contact us.
