Metlen will provide the steel producer with approximately 2.4 TWh of electricity at a stable price
Italian steel producer Acciaierie Arvedi has signed an agreement with energy company Metlen to access Energy Release 2.0, an innovative Italian mechanism to support energy-intensive industries. This was announced in a statement by Metlen.
The mechanism is managed by the country’s state energy authority, Gestore dei Servizi Energetici (GSE). Energy Release 2.0 is designed to ensure a stable supply of electricity to energy-intensive industries.
The agreement will cover approximately 2.4 TWh of electricity supply for Acciaieria Arvedi, providing the latter with access to stable and competitive electricity prices.
Under Energy Release 2.0, Metlen will commission approximately 170 MW of new solar capacity in Italy over the next three years. These projects will receive a fixed remuneration of €65/MWh, guaranteed by GSE, under the so-called “Italian model.”
«European industry continues to face higher energy costs than its global competitors, putting pressure on competitiveness and long-term industrial sustainability. Energy-intensive sectors such as steel and non-ferrous metals are particularly vulnerable. Energy Release 2.0 offers an innovative structure that combines industrial electricity supply with accelerated renewable energy deployment,» Metlen said in a statement.
The energy company notes that the agreement illustrates how large industrial players can collaborate across the entire value chain in energy and steel industry to find solutions to the problem of energy prices in Europe.
It should be recalled that average monthly wholesale electricity prices for the day ahead in Europe in January 2026 showed growth amid increased demand and rising costs of other energy sources.
