- BUSINESS MEETINGS AND AGREEMENTS
San Donato Milanese, 31 May 2022 - Eni and Ansaldo Energia, two international players in the energy transition space and long-standing partners, have signed an agreement to develop projects based on innovative technological solutions for electricity storage as an alternative to electrochemical batteries.
Under the terms of the agreement, these technologies, which are being studied and have already undergone Eni's technology validation process, will be implemented in synergy at a number of industrial sites of Eni and its subsidiaries in Italy, exploiting the potential of existing power generation and consumption systems. Electricity storage is essential to overcome the structural limitations of renewables in terms of predictability and intermittency and is consequently necessary to promote their development.
“Renewable energy sources, such as wind and photovoltaic, are indispensable solutions for the success of the energy transition and Eni is devoting a great deal of effort and resources to grow rapidly in those areas and help overcome their structural and economic limitations due to their intermittency of production. This agreement is part of our approach to the transition based on technological leadership, the know-how of our people and the ability to transform and evolve our industrial sites. These are fundamental elements to successfully tackle the significant challenges of decarbonisation” said Giuseppe Ricci, Eni's Energy Evolution Chief Operating Officer.
“The initiative with Ansaldo Energia fits perfectly into the growth plans for Enipower as a provider of grid services, which are increasingly necessary - as the growth of renewables and the electrification of end-use consumption continues - to guarantee the stability of the national grid”, said Francesco Giunti, CEO and Chairman of Enipower.
“Being chosen by Eni, a group we have worked with for many years, to cement a concrete commitment to support the energy transition is a great source of pride and satisfaction for us all” said Giuseppe Marino, CEO of Ansaldo Energia.
“The technological solution underpinning the agreement - an alternative to lithium-ion batteries - is rooted in a strong European supply chain and guarantees a safe, long-lasting energy storage service, overcoming obstacles related to disposal and avoiding problems related to critical supply issues”, said Daniela Gentile, CEO of Ansaldo Green Tech.
The success of this initiative will therefore represent a major step towards a “net zero carbon” economy consistent with the strategies of both companies.
Eni SpA and Ansaldo Energia SpA are related parties. The present Understanding could be subject to subsequent binding actions that the parties involved will define according to the applicable law, included that which regulates operations among related parties.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
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