Italy's Eni, Seri launch battery venture to market energy storage systems

Seri Industrial SpA

13/07/2026 12:11

    July 13 (Reuters) - Italian energy group Eni ENI.MI and battery storage firm Seri Industrial SERK.MI announced on Monday the launch of FAENIX, a new company which will specialise in the commercial and technological development of Europe's lithium iron phosphate (LFP) stationary battery supply chain.
The project was announced in May. 
The new company is made up of FIB, part of Seri Industrial group, and Eni Industrial Evolution, with stakes of 70% and 30% respectively.
FAENIX will market products manufactured at the plants of Teverola and Brindisi, in southern Italy, where Eni Storage Systems recently started construction of a Battery Energy Storage System (BESS) assembly line and a gigafactory.
The new hub aims to have a combined production capacity of 16 GWh/year when fully operational, equal to over 10% of the European BESS stationary storage market, a Seri Industrial statement said.
The BESS line is expected to be completed by the first half of 2027 and a second gigafactory of over 8 GWh/year by 2029.

 (Reporting by Mirko Miorelli, editing by Giulia Segreti)
 ((Mirko.miorelli@thomsonreuters.com))