BIT:ENIOil and Gas
Eni Broadens Battery Storage Role As Shares Trade Below Valuation Estimates
Eni, listed as BIT:ENI, has agreed a major joint venture with FIB to build an integrated supply chain for lithium iron phosphate batteries.
The partnership will operate through a new entity, Eni Storage System S.p.A., focused on industrial scale energy storage solutions.
Plans include large scale battery assembly and a future gigafactory aimed at serving the European stationary battery market.
For readers following BIT:ENI, this move represents a clear step into battery storage, an area...