The amount of electricity generated by renewable energy producers is expected to increase in the future, accounting for the bulk of overall energy production. In addition to maintaining supply, the sector will need to address flexibility issues as well. Flexibility assets are therefore an integral part of MET Group's strategy for supporting the energy transition, and we consider flexibility to be the "new renewable".
Hence we are operating and constantly looking at new assets that we believe we can operate efficiently, creating synergies with our existing positions. Technologies like CHP (combined heat and power) and CCGT (combined cycle gas turbine) plants, or other asset types such as gas storages, batteries and aggregator platforms provide a solution to boost the flexibility of the energy market.
Electricity and heat generation from own gas-fired and biogas power plant
Development and operation of virtual power plants and virtual balancing circle solutions
Operation and optimization of gas storage facilities
Development of innovative technologies (batteries, p2x) with zero carbon footprint to satisfy the ever-growing flexibility needs of transitioning energy markets
The goal is to create a significant, transparent, financially sound green asset – wind and solar – portfolio, resulting in positive shareholder return with reasonable risk profile via deep understanding of the energy markets. MET Group invests in ready-to-build assets and develops greenfield, and brownfield sites as well. We aim to establish 500 MW of renewable capacity in Europe by 2023 as part of a new push into the green energy sector. In the longer term, our objective is to achieve another 500 MW of renewable capacity in operation by 2026.
MET Group’s core competence in natural gas and gas-based power production also helps us support the energy transition towards a zero-carbon world.