Brief: Eni And Seri Industrial Sign Agreement To Develop Stationary Battery Supply Chain

Seri Industrial SpA

29/05/2026 06:42

May 29 (Reuters) - Eni ENI.MI:
ENI AND SERI INDUSTRIAL SIGN AGREEMENT TO DEVELOP STATIONARY BATTERY SUPPLY CHAIN
CLOSING OF THE SERI AGREEMENT WILL BE COMPLETED WITHIN THE CONTRACTUAL TERM OF 5 DAYS FROM TODAY
ENI INDUSTRIAL EVOLUTION IS ACQUIRING A 30% STAKE IN A NEWLY ESTABLISHED COMPANY ESTABLISHED BY FIB, OF WHICH FIB WILL RETAIN A 70% STAKE
THE CONSIDERATION FOR THE STAKE INCLUDES A FIXED COMPONENT OF €55 MILLION, PLUS ANY PRICE ADJUSTMENT MECHANISMS
GOAL IS TO CONTRIBUTE TO GROWTH OF EUROPEAN ENERGY STORAGE SYSTEM PRODUCTION AND CAPTURE ABOVE 10% OF EUROPEAN STATIONARY BATTERY MARKET
ENI STORAGE SYSTEM TO COMPLETE ASSEMBLY LINE FOR UTILITY-SCALE STORAGE SYSTEMS (BESS) AT TEVEROLA-BRINDISI HUB BY FIRST HALF OF 2027
Further company coverage: ENI.MI

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