Mytilineos: The second wave of the renewable revolution is more about energy security of supply than decarbonization

The 2nd wave of the renewable vigor gyration is progressively astir vigor information alternatively than decarbonisation, Evangelos Mytilineos said successful a LinkedIn post.

As helium noted, there is still overmuch uncertainty astir the struggle successful the Gulf. But 1 happening is already becoming very clear. The adjacent wave of renewables will beryllium driven not by decarbonization, but by vigor security.

This is simply a large shift, helium underlined

“Countries that beryllium too heavy connected imported fossil fuels from unstable parts of the world are taking superior geopolitical and economical risk. Supply shocks, terms volatility and insecurity of entree are nary longer theoretical concerns but person go portion of the caller world successful which we each operate.”

“A caller vigor wave is taking shape”

Mytilineos stated that “this is why renewables are moving to the centre of the vigor treatment again – due to the fact that information and resilience present substance much than ever. Together with storage and stronger grids, renewables connection countries a much balanced and unafraid vigor system.:

He added that Metlen Energy & Metals saw this absorption early. “That is why we person continued to physique with conviction. In calendar 2026, we program to instal ~ 3.3 GW of solar and ~1.8GW of Battery Energy Storage Systems (BESS) successful galore countries astir the world.

Meanwhile our planetary renewable vigor portfolio has reached 11.9 GW, up 7% year-on-year, while, since the start of the Gulf war there has been a monolithic travel of caller enquiries. We are already drafting up our plans for a important boost successful our M-Renewables and Energy Transition platform, which besides includes grids and Data Centers.”

Concluding, helium said that “a caller vigor wave is taking shape. This time, information is 1 of its strongest drivers.”