Eni invests in Italian battery supply chain platform

Eni invests in Italian integrated battery supply chain

Italy

ROME, June 1, 2026 – Eni Industrial Evolution and Seri Industrial Group (FIB) have reached an agreement to jointly develop an integrated lithium-iron-phosphate battery supply chain in Caserta, Italy, the companies announced on Friday.

Under the terms of the deal, Eni Industrial Evolution will take a 30% stake in a new FIB subsidiary that will handle procurement and engineering towards manufacturing, as well as commercial activities. Eni will pay a fixed consideration of EUR 55 million for the stake, plus unspecified adjustments.

“Today, we announce the substantial definition of the agreements with Seri Industrial, which adds another piece to the puzzle of completing the supply chain from critical materials to the production of energy storage, leveraging innovative technologies and long-term industrial partnerships,” said Eni Industrial Evolution CEO Umberto Carrara.

The agreement aims to establish an industrial platform for the production of battery cells and modules, and the assembly of battery energy storage systems (BESS) for stationary industrial applications and commercial electric vehicles. It also contemplates the future production of active cathode material and the development of materials recovery and recycling capabilities.

The companies will utilise FIB’s operational lithium-iron-phosphate cell manufacturing hub in Teverola. The BESS assembly is expected to be completed in H1 2027, with a second facility for the production of 8 GW per year of cells and modules expected by 2029.

Eni and FIB stated that their goal is to capture more than 10% of Europe’s stationary battery market.

Photo courtesy of Seri Industrial Group