MET Group has purchased a 100% shareholding in Comax France, an owner, operator and developer of combined heat and power (CHP) and battery energy storage systems (BESS). The acquisition, MET Group’s first investment in French energy infrastructure, expands its flexible assets portfolio in Western Europe and addresses the increasing need of balancing technologies to support the energy transition.

A new update of the National Integrated Energy and Climate Plan, better known as PNIEC, has recently been approved. This update represents a new boost to the decarbonisation objectives already set out in the initial formulation of the Spanish climate plan, reflecting a significant increase in the country’s ambition regarding the sustainable targets to be achieved by 2030, less than six years away.

The application of battery energy storage systems (BESS) is a key element on the road to energy transition, helping to speed up the replacement of fossil fuels with renewable energy in many ways. MET Group, dedicated to supporting a sustainable energy future for Europe, has invested in battery storage technology in several countries.