Eni Industrial Evolution, a subsidiary of the Italian energy company Eni, and FIB, a unit of the Italian Seri Industrial Group, have signed an agreement to create an integrated supply chain for lithium iron phosphate batteries.
The project includes the production of battery cells and modules, as well as the assembly of stationary energy storage systems. Applications for industrial and commercial electric mobility are also planned. Later, recycling, material recovery, and the production of active cathode material could be added.
Gigafactory planned by 2029
Under the agreement, FIB will expand its industrial operations at its Teverola site in the Caserta province. According to the companies, a facility for producing lithium iron phosphate cells is already operational there.
Additionally, the joint venture Eni Storage System plans to complete an assembly line for utility-scale battery storage systems at its Teverola-Brindisi site by mid-2027. A second gigafactory is also planned by 2029. This facility is expected to produce cells and modules with an annual capacity of over 8 GWh. The companies aim to capture more than ten percent of the European stationary battery market.
Under the agreement, Eni Industrial Evolution will acquire a 30 percent stake in a newly established company from FIB. FIB will retain a 70 percent stake. The new entity will focus on commercial development, procurement, and engineering. The fixed purchase price is 55 million euros, with provisions for potential price adjustments.
Source:
https://seri-industrial.it/wp-content/uploads/2026/05/PR_EIE_SERI.pdf
