Eni and Seri Industrial Join Forces to Build Integrated Lithium Iron Phosphate Battery Supply Chain in Europe
Eni Industrial Evolution and FIB, a company within the Seri Industrial Group, have finalized a landmark agreement to jointly develop an integrated industrial supply chain dedicated to lithium iron phosphate (LFP) batteries. The partnership represents a significant step toward strengthening Europe’s battery manufacturing capabilities and advancing the continent’s energy transition goals through domestic production of advanced energy storage technologies.
The agreement follows the framework arrangement signed by the two companies on May 16, 2026. With the terms now substantially completed, the parties expect to finalize the transaction within the contractual deadline of five days from the date of the announcement. The collaboration is designed to establish a comprehensive industrial ecosystem that covers multiple stages of the battery value chain, from cell manufacturing to energy storage system assembly and future recycling activities.
The initiative reflects the growing importance of battery storage technologies in modern energy systems. As renewable energy generation expands across Europe, demand for reliable and scalable energy storage solutions continues to increase. Lithium iron phosphate batteries have emerged as one of the most promising technologies in this sector due to their safety characteristics, long operational life, and suitability for large-scale stationary storage applications.
Under the partnership, Eni Industrial Evolution and FIB aim to create an industrial platform capable of producing lithium iron phosphate battery cells and modules while also assembling complete storage systems for stationary energy applications. In addition, the platform will support industrial and commercial electric mobility solutions, creating opportunities in multiple high-growth markets.
The project has also been designed with a long-term vision that extends beyond battery manufacturing. Future development plans include activities focused on materials recycling and recovery, as well as the production of active cathode materials, which are critical components in battery manufacturing. By incorporating these activities into the industrial platform, the partners seek to establish a circular and sustainable battery ecosystem that reduces reliance on imported materials while maximizing resource efficiency.
A central component of the project is the expansion of industrial operations at the Teverola hub in the province of Caserta, Italy. FIB S.p.A. will lead the development of manufacturing activities at this location, where Italy’s first lithium iron phosphate battery cell production plant is already operational. The existing facility provides a strong foundation for scaling up production and establishing a competitive manufacturing base capable of serving both domestic and European markets.
The Teverola hub will be complemented by activities at the Teverola-Brindisi industrial corridor. Through Eni Storage System S.p.A., a jointly controlled company owned by Eni Industrial Evolution and FIB, the partners plan to complete an assembly line dedicated to utility-scale Battery Energy Storage Systems (BESS) during the first half of 2027. These large-scale storage systems are expected to play a critical role in supporting grid stability, integrating renewable energy sources, and enhancing energy security across Europe.
In addition to the BESS assembly facility, the companies have outlined plans for a second gigafactory focused on producing battery cells and modules. This new manufacturing facility is expected to become operational by 2029 and will have a planned production capacity exceeding 8 gigawatt-hours annually. Such capacity would position the project among the significant battery manufacturing initiatives in Europe and contribute meaningfully to the continent’s efforts to develop an independent and resilient battery supply chain.
The transaction also includes a strategic equity investment by Eni Industrial Evolution. As part of the agreement, Eni Industrial Evolution will acquire a 30 percent stake in a newly established company created by FIB. FIB will retain the remaining 70 percent ownership interest. The newly formed company will be responsible for overseeing commercial development, procurement activities, and engineering functions related to the broader project.
The consideration for Eni’s investment includes a fixed payment of €55 million, alongside potential price adjustment mechanisms that may be applied according to agreed contractual conditions. The investment demonstrates Eni’s commitment to expanding its presence in energy storage technologies and diversifying its industrial portfolio beyond traditional energy sectors.
The collaboration arrives at a crucial moment for Europe’s battery industry. Policymakers and industrial leaders across the continent have increasingly emphasized the need to establish domestic manufacturing capabilities to reduce dependence on imported battery technologies and strengthen supply chain resilience. The growth of electric mobility, renewable energy generation, and grid-scale storage applications has intensified demand for battery production capacity throughout Europe.
By combining their respective expertise, Eni Industrial Evolution and Seri Industrial believe the project can become a major contributor to Europe’s emerging battery ecosystem. The companies aim to capture more than 10 percent of the European stationary battery market, a target that highlights the scale and ambition of the initiative. Achieving such a market position would establish the partnership as one of the key players in Europe’s rapidly expanding energy storage sector.
Commenting on the agreement, Umberto Carrara, Chief Executive Officer of Eni Industrial Evolution, emphasized the strategic significance of the partnership and its role within Eni’s broader industrial transformation agenda.
Carrara stated that the agreement with Seri Industrial represents a tangible demonstration of Eni’s commitment to industrial diversification and innovation. He noted that the partnership adds another important component to the company’s strategy of building an integrated value chain that spans from critical raw materials to advanced energy storage production. According to Carrara, the initiative leverages both innovative technologies and long-term industrial partnerships to create sustainable growth opportunities.
Vittorio Civitillo, Chief Executive Officer of Seri Industrial, also highlighted the importance of the transaction for both his company and the broader Italian industrial landscape.
Civitillo described the finalization of the agreement as a significant milestone for the Seri Industrial Group. He noted that partnering with Eni, one of Italy’s largest and most influential companies, is a source of considerable pride and validation for the work Seri Industrial has undertaken over many years in the battery sector.
According to Civitillo, the partnership carries strategic national importance because it helps establish Italy as a credible and authoritative participant in a critical industry that is central to the global energy transition. He emphasized that the transaction contributes to the creation of a comprehensive industrial system capable of supporting long-term competitiveness, technological leadership, and economic growth.
As Europe accelerates efforts to decarbonize its economy and strengthen energy security, projects such as the Eni-Seri Industrial partnership are expected to play an increasingly important role. By investing in local manufacturing, advanced storage technologies, and circular economy solutions, the companies are positioning themselves at the forefront of a sector that is expected to experience substantial growth in the coming decades.
The agreement marks not only a major industrial investment but also a strategic commitment to building a stronger European battery value chain capable of supporting the continent’s evolving energy needs while fostering innovation, sustainability, and industrial competitiveness.
Source Link: https://www.eni.com/
