Volue PowerBot expands reach with connection to the Hellenic Energy Exchange S.A.
Volue announces that its Volue PowerBot trading solution is now connected to the ETSS Spot Electricity Platform of the Hellenic Energy Exchange S.A. (HEnEx). The move will see Volue bring the scalable execution platform, designed for 24/7 trading in European short-term power markets, to customers across Greece.
HEnEx operates trading platforms and facilitates efficient price formation for the electricity and gas markets. It is responsible for operating the Greek Day-Ahead and Intraday electricity markets and, as the Nominated Electricity Market Operator (NEMO) for the Greek bidding zone, participates in European market coupling mechanisms such as the Single Day-Ahead Coupling (SDAC) and the Single Intraday Coupling (SIDC).
Working in partnership with METLEN
As part of the integration, Volue has worked in close partnership with METLEN. METLEN is the largest Greek independent utility active in the entire spectrum of energy from developing, constructing and operating thermal, RES and BESS units, to supply and trading power and gas in SEE.
METLEN has supported Volue in its pre-launch testing and will continue to work with Volue as a customer now that the successful connection of Volue PowerBot to HEnEx has taken place.
A strategic milestone
Felipe Lanza, VP Trading Software, comments: “This move reflects our broader strategy to ensure full market coverage across European intraday markets for all customer use cases. Our algorithms are highly adaptable and configurable to virtually any market condition, and traders can even implement their own strategies using our flexible framework.
“Drawing on our established presence in similarly mature and liquid markets, we are confident that our solution will enable local participants and traders to benefit from greater automation and enhanced profitability. Our close collaboration with METLEN has been instrumental in achieving this successful integration, and we look forward to building on this partnership over the coming years.
“Now more than ever, the market and regulatory landscape impose more complex operational demands and necessitates quicker decision-making, underscoring the importance of having fast, compliant, and time-tested systems readily available. We are pleased to bring this capability to customers across South-East Europe via Volue PowerBot.”
John Giannakopoulos, Chief Executive Director, of METLEN’s Integrated Utility Sector, said: “METLEN consistently supports and collaborates with companies that drive technological innovation and operational excellence in the energy sector, values that are fully aligned with Volue’s vision and capabilities.
"This collaboration underscores METLEN’s commitment to embracing advanced digital tools and smart 24/7 trading solutions that enhance market efficiency and transparency. We look forward to continuing supporting Volue’s further growth in the Greek and European energy markets.”
This collaboration further highlights METLEN’s strategic approach to combining its extensive experience across the full energy value chain with cutting-edge digital solutions. By engaging with innovative technology partners like Volue, METLEN continues to strengthen its position as a leader in the Greek and European energy markets, enhancing operational efficiency, market responsiveness, and the ability to deliver advanced, data-driven services to its customers.
About Volue PowerBot
Volue PowerBot, a scalable execution platform designed for 24/7 trading in European short-term power markets such as EPEX SPOT and Nord Pool. Optimised for intraday continuous trading as well as auction markets, Volue PowerBot provides traders with a comprehensive solution for short-term power trading.
The platform is equipped with high-performance algorithms, fine-tuned through backtesting, while also allowing users to develop and deploy custom trading strategies in the cloud. Its strong focus on market data and analytics makes it a powerful foundation for quantitative trading desks, while still offering plug-and-play functionality for immediate use.
Built as an API-first microservice, it delivers integrated risk management, compliance features, and a high-performance API, enabling seamless, efficient, and regulatory-compliant operations. By ensuring full traceability and flexible risk controls, the platform also supports adherence to REMIT II and other regulatory requirements.
About METLEN
METLEN Energy & Metals Plc (METLEN) is the parent company of the international industrial and energy group, a leader in the metallurgy and energy sectors, focused on sustainable growth and the circular economy. METLEN is a benchmark in competitive “green” metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production plant in the European Union, with privately owned port facilities. In the energy sector, the Company provides integrated solutions through the implementation of thermal and renewable power generation projects, electricity distribution and supply, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 9,000 people worldwide and applying a fully synergistic model across its metallurgy, energy and end-to-end energy project development activities.
METLEN Financial Highlights
The Company is primary listed on the London Stock Exchange and secondary listed on the Athens Stock Exchange, and is a constituent of the FTSE 100 Index. In 2024, METLEN reported consolidated revenue of €5.68 billion and EBITDA of €1.08 billion, up 7% year-on-year, with net profit of €615 million. Adjusted net debt stood at €1.78 billion, with a Net Debt/EBITDA ratio of 1.7x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.