Green Forum • 25 November, 2024 at 7:00 PM
MET Group has acquired a 100% stake in Comax France, a company specializing in combined heat and power (CHP) and battery energy storage systems (BESS).
This marks MET Group's first foray into French energy infrastructure, strengthening its portfolio in Western Europe and addressing the growing demand for balancing technologies to support the energy transition.
Established in 2003, Comax manages a 170 MW portfolio of small-scale thermal assets and 29 MW of BESS across France, offering flexible power generation, storage, and balancing services. The company is also advancing a robust pipeline of BESS projects, totaling several hundred MW in various stages of development. MET Group plans to back the construction of Comax's ready-to-build projects, aiming for them to become operational by mid-2026.
Flexible energy production and storage, along with balancing services, are critical to Europe's energy transition, facilitating the integration of renewable energy sources that depend on weather conditions. MET Group's Flexibility Assets Division focuses on acquiring, operating, and developing assets that enhance system flexibility.