Eni and Seri Industrial Form Battery Supply Chain Venture
Eni and Seri Industrial have signed an agreement to develop an industrial supply chain for lithium iron phosphate batteries in Italy. The project includes a 55 million euro investment by Eni to acquire a 30% stake in a new venture targeting over 10% of the European stationary battery market.
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ENI SPA will pay €55 million for a 30% stake in a new battery venture with SERI INDUSTRIAL SPA to build an Italy-based supply chain. The partnership focuses on lithium iron phosphate battery cells and modules for stationary storage and industrial electric mobility. The project targets 10% of the European stationary battery market, positioning Eni to capitalize on the region's energy transition infrastructure.
