Seri Industrial S.p.A. SERI

Eni broke ground for a project to produce lithium-iron-phosphate batteries at the Brindisi industrial site in Italy, as well as announced an agreement to acquire a stake in a Chilean lithium project.

BIT:ENI has agreed partnerships and joint ventures with Seri Industrial and FIB to build an integrated lithium iron phosphate battery supply chain in Europe. The company plans new gigafactories focused on stationary energy storage solutions for the European market. Separately, Eni has taken a significant investment decision on the Baleine Phase 3 oil and gas project in Côte d'Ivoire. For investors watching BIT:ENI, these moves sit at the intersection of traditional hydrocarbons and newer...

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (

Eni and FIB have agreed to jointly develop an Italian lithium iron phosphate battery supply chain.