Oldenburg/Athens, 13 April 2021 – In preparation for the nascent Greek intraday and balancing market, MYTILINEOS S.A. has contracted energy & meteo systems. The German energy service provider supplies its Virtual Power Plant combined with accurate power forecasts to MYTILINEOS´ Power & Gas Business Unit Protergia. Equipped with this state-of-the-art digital technology, Protergia offers market access to renewable energy asset owners.
The Greek power market has shifted since November 2019 towards direct marketing of renewable energies, requiring solar, wind and hydro power asset owners to actively trade their energy production. Protergia, the Power & Gas Business Unit of the listed company MYTILINEOS, has taken the decision to participate in this new market and trade energy from its own and third parties’ assets. Being an energy provider, a power trader and the largest independent electricity producer in Greece with more than 1400 Megawatt capacity, Protergia bundles crucial competences for its aggregator unit.
Protergia relies on proven technology from energy & meteo systems for trading of wind and solar energy. With its Virtual Power Plant software and precise power forecasts for renewable energy, the German-based service provider supplies Protergia with two indispensable services. The Virtual Power Plant works as a control room which allows to monitor real-time production and power forecasts, remote-control the connected plants and trade their energy production on the Greek power market. As part of the service, energy & meteo systems delivers a customized application, including the connection of all solar, wind and hydro plants to a single smart power pool. The technology is provided as a Software as a Service (SaaS) solution to Protergia which does not have to invest in any IT infrastructure.
“Our goal is to become a leading aggregator in the Greek power market and to create value for solar, wind, hydro and biogas/biomass power plant owners. We are glad that energy & meteo systems provides us its Virtual Power Plant and power forecasts. It is not only an accredited but also a very promising turnkey solution that will help to efficiently manage our distributed power portfolio” stated Panagiotis Kanellopoulos, Deputy General Manager Power & Gas Business Unit of MYTILINEOS/ Protergia.
“Protergia can count on our extensive experience in supporting leading aggregators in numerous European power markets.”, says Dr. Ulrich Focken, the Managing Director of energy & meteo systems. “With our Virtual Power Plant and power forecasts we offer a market-leading solution for trading renewable energy.”
This project is supported by the German Federal Ministry for Economic Affairs and Energy as part of the Renewable Energy Solutions Programme of the German Energy Solutions Initiative.
MYTILINEOS S.A. is a leading Greek industrial company active in Metallurgy, Power & Natural Gas, Renewables & Storage Development and Sustainable Engineering Solutions. Established in Greece in 1990, the Company is listed on the Athens Exchange, has a consolidated turnover in excess of €1.9 billion and employs directly and indirectly more than 3,600 people in Greece and abroad.
Protergia is the Power & Gas Business Unit of MYTILINEOS, the largest private energy company in Greece. It manages the power plants and Renewable Energy Units of MYTILINEOS, while active in the trade and supply of electricity and gas, offering modern and reliable services and combined electricity and gas packages to almost 300,000 businesses, and households.
energy & meteo systems was founded in 2004 in Oldenburg, Germany, and offers cutting-edge services and software products which allow a smooth market and grid integration of variable renewable energies. The company is an international provider of accurate wind and solar power forecasts for grid operators, power traders and plant operators. The market-leading Virtual Power Plant software is used by numerous utilities and power traders to pool and manage distributed energy resources for different business purposes. energy & meteo systems employs about 120 experts and provides its services to more than 480 GW of installed wind and solar power in around 60 countries.
dena is the centre of expertise for energy efficiency, renewable energy sources and intelligent energy systems. As Agency for Applied Energy Transition we help achieve energy and climate policy objectives by developing solutions and putting them into practice, both nationally and internationally. In order to do this, we bring partners from politics and business together, across sectors. dena’s shareholders are the Federal Republic of Germany and the KfW Group.
The transfer of energy expertise, the promotion of foreign trade and the facilitation of international development cooperation are part of the German Energy Solutions Initiative, which is coordinated and financed by the German Federal Ministry for Economic Affairs and Energy. The initiative offers networking and business opportunities in Germany and abroad, it showcases reference projects and facilitates capacity building.
With the RES Programme, the Deutsche Energie-Agentur (dena) – the German Energy Agency – helps German renewable energy companies enter new markets. The installation of climate-friendly energy technology projects in attractive target markets is accompanied by comprehensive information dissemination, marketing and training programmes. These flagship projects, supported by the Federal Ministry for Economic Affairs and Energy within the German Energy Solutions Initiative, aim to show-case high-quality German renewable energy technology and help participating companies gain a foot-hold in new markets.