Italy’s Eni and Seri have supercharged their recent operations in the battery sector with the launch of ‘FAENIX’ — a new joint venture specialised in the commercial and tech development of Europe’s LFP stationary battery supply chain.

Eni Industrial Evolution (EIE) and Seri Industrial Group (Fib) announced the launch on July 13, just days after EIE business unit Eni Storage and Fib broke ground at an industrial site in Italy for a new BESS assembly plant and LFP manufacturing hub.

FAENIX is owned 70% by FIB and 30% by EIE. The partners said the name FAENIX reflects a clear vision — giving new life to industrial expertise, manufacturing facilities and strategic technologies to build a European energy storage value chain.

FAENIX will bring to market products manufactured at the partners’ Teverola Brindisi industrial complex, positioned as a European commercial platform focused primarily on utility-scale BESS systems based on LFP technology.

Products will support large scale renewable energy plants, grid stability, as well as commercial and industrial and residential energy storage applications.

The new company combines Seri’s long-standing expertise in battery manufacturing with Eni’s industrial transformation capabilities and global presence, the firms said.

A report released last month by EUROBAT said lithium is set to remain the dominant battery tech over the next decade ― but lead batteries are forecast to remain the second strongest technology.