Headlines
Eni joint venture kicks off project to produce lithium batteries in Italy
Published by Global Banking and Finance Review
Posted on September 24, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 24, 2025
2 min readLast updated: January 21, 2026
Eni and Seri Industrial have started a project to produce lithium batteries in Italy, aiming for 10% of the European market, supporting energy transition.
MILAN (Reuters) -Italian energy group Eni and Seri Industrial have initiated operations for a project to produce stationary lithium batteries in southern Italy, the companies said in a joint statement on Wednesday.
The project is part of Eni's plan to reduce its exposure to the petrochemical sector and increase its activities linked to energy transition.
Under this strategy, Eni last year announced the closure of Italy's last two steam crackers and pledged investments of 2 billion euros ($2.35 billion) in bio-refineries, chemical recycling and batteries.
As Europe increases its capacity to produce energy from renewable sources, it needs to develop battery storage systems able to release power when solar and wind energy are not available.
Eni Storage Systems, a joint venture with Seri Industrial, aims to produce over 8 gigawatt hours per year of lithium-iron-phosphate batteries at Eni's Brindisi site.
Seri Industrial and Eni said they aim to gain more than 10% of the European market for stationary batteries.
The project is in the engineering phase and is undergoing economic, financial and authorisation evaluations expected to conclude in the first quarter of next year, before moving into the execution phase.
In future, the Brindisi site will also implement battery recycling, which will be accessible to other operators in the sector, the companies said.
($1 = 0.8520 euros)
(Reporting by Cristina Carlevaro; Editing by Bill Berkrot)
Lithium battery production involves creating batteries that use lithium as a key component, which are essential for energy storage, especially in renewable energy applications.
Energy transition refers to the global shift from fossil fuel-based energy systems to renewable energy sources, aiming to reduce greenhouse gas emissions and promote sustainability.
Battery recycling is the process of recovering valuable materials from used batteries, which helps reduce waste and the need for new raw materials in battery production.
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