Rome headquartered Ialian multinational oil & gas giant Eni & Genoa based Italian power engineering company Ansaldo Energia have signed an agreement to develop projects based on innovative technological solutions for electricity storage as an alternative to electrochemical batteries. Under the terms of the agreement, these technologies, which are being studied and have already undergone Eni's technology validation process, will be implemented in synergy at a number of industrial sites of Eni and its subsidiaries in Italy, exploiting the potential of existing power generation and consumption systems. Electricity storage is essential to overcome the structural limitations of renewables in terms of predictability and intermittency and is consequently necessary to promote their development.Eni SpA and Ansaldo Energia SpA are related parties. The present Understanding could be subject to subsequent binding actions that the parties involved will define according to the applicable law, included that which regulates operations among related parties.
Rome headquartered Ialian multinational oil & gas giant Eni & Genoa based Italian power engineering company Ansaldo Energia have signed an agreement to develop projects based on innovative technological solutions for electricity storage as an alternative to electrochemical batteries. Under the terms of the agreement, these technologies, which are being studied and have already undergone Eni's technology validation process, will be implemented in synergy at a number of industrial sites of Eni and its subsidiaries in Italy, exploiting the potential of existing power generation and consumption systems. Electricity storage is essential to overcome the structural limitations of renewables in terms of predictability and intermittency and is consequently necessary to promote their development.Eni SpA and Ansaldo Energia SpA are related parties. The present Understanding could be subject to subsequent binding actions that the parties involved will define according to the applicable law, included that which regulates operations among related parties.
