Eni and Ansaldo Energia, agreement to develop solutions for the storage of electricity

Eni and Ansaldo Energia, international players in the energy transition and long-standing partners, have signed an agreement for the development of projects based on innovative technological solutions for the storage of electricity as alternatives to electrochemical batteries.

The agreement provides that these technologies, already under study and already subjected to Eni's technology validation process, are implemented in synergy in some industrial sites of Eni and its subsidiaries in Italy, exploiting the potential of existing production systems. and electricity consumption. The accumulations of electrical energy are essential to overcome the structural limit of programmability and intermittence of renewable sources and therefore favor their development.

"Renewable energies, wind and photovoltaic, are essential solutions for the success of the energy transition and Eni is dedicating great effort and resources to grow rapidly in these areas and to help overcome the structural and economic limits due to their discontinuity in production. This agreement is part of our approach to transition based on technological leadership, on the know-how of our people and on the ability to transform and evolve our industrial sites, fundamental elements to successfully face the important challenge of decarbonisation "declares Giuseppe Ricci, General Manager Energy Evolution by Eni.

"The initiative with Ansaldo Energia fits perfectly into the growth of Enipower's role as a provider of network services, which are increasingly necessary - with the growth of renewables and the electrification of final consumption - to ensure the stability of the national network" declares Francesco Giunti, Chief Executive Officer and Chairman of Enipower.

“Having been chosen by Eni, with whom we have been collaborating for many years, for a concrete commitment in the challenge of the energy transition is a strong source of pride and satisfaction for us” says Giuseppe Marino, CEO of Ansaldo Energia.

"The technological solution underlying the agreement, an alternative to lithium-ion batteries, is rooted in a strong European supply chain, guarantees a safe long-lasting energy storage service, overcomes the obstacles related to disposal and does not present problems related to critical issues. supply "concludes Daniela Gentile, Chief Executive Officer of Ansaldo Green Tech.

The success of this initiative will therefore represent an important step towards a "net zero carbon" economy, in line with the strategic lines of the two companies.

Eni SpA and Ansaldo Energia SpA are related parties. This agreement may be the subject of subsequent binding agreements that the parties will define in compliance with the applicable legislation, including that relating to transactions between related parties.

Eni and Ansaldo Energia, agreement to develop solutions for the storage of electricity