What is FAENIX, and what is its primary focus?

FAENIX is a new joint venture launched by Eni and Seri Industrial to specialize in the commercial and technological development of Europe's lithium iron phosphate (LFP) stationary battery supply chain.

What are the ownership stakes and production targets for FAENIX?

FAENIX is composed of FIB (70% stake, part of Seri Industrial group) and Eni Industrial Evolution (30% stake), and aims for a combined production capacity of 16 GWh/year at its Teverola and Brindisi plants in southern Italy—representing over 10% of the European BESS stationary storage market.

Eni and Seri Industrial Launch Battery Venture FAENIX for Energy Storage Systems

Jul 13, 2026

Eni and Seri Industrial launched FAENIX to develop Europe's lithium iron phosphate battery supply chain, targeting 16 GWh/year capacity by 2027. The venture establishes new assembly lines in southern Italy to capture over 10% of the European BESS market.

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Eni and Seri Industrial Launch Battery Venture FAENIX for Energy Storage Systems

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