Finance
Italy to buy former nuclear site from Stellantis, statement says
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Italy buys a former nuclear site from Stellantis to reintroduce nuclear power by 2027, aiming to decarbonize industries.
ROME, Dec 22 (Reuters) - Italy's cabinet on Monday authorised a state-backed company to buy from Stellantis a site that includes facilities for the temporary storage of used nuclear fuel, a statement said.
Prime Minister Giorgia Meloni's government allowed nuclear decommissioning company Sogin to "carry out the acquisition of the entire shareholding of Deposito Avogadro," which according to the environment ministry website manages a former nuclear reactor in the northern Piedmont region.
No financial details of the transaction were disclosed.
Nuclear-fired power plants were prohibited in Italy following referendums in 1987 and 2011 but the government is now drafting rules to lift the ban through the use of new nuclear-power technologies.
Meloni's government has signalled its intention to bring nuclear power back into Italy's energy mix by 2027, as part of efforts to decarbonise highly polluting industries such as steel, glass and tilemaking.
(Reporting by Giuseppe Fonte, writing by Angelo Amante; Editing by Chizu Nomiyama )
Nuclear decommissioning is the process of dismantling nuclear facilities and managing radioactive materials to ensure safety and environmental protection.
Used nuclear fuel refers to nuclear fuel that has been irradiated in a reactor and is no longer efficient for sustaining a nuclear reaction.
Decarbonization is the process of reducing carbon dioxide emissions associated with fossil fuel use, often through the adoption of renewable energy sources.
Nuclear power technologies involve the use of nuclear reactions to generate electricity, including advanced reactors and safety systems.
Explore more articles in the Finance category
