11:49 PM EDT, 07/13/2026 (MT Newswires) -- Subsidiaries of Italian energy giant Eni (ENI.MI) and energy storage group Seri Industrial (SERI.MI) incorporated a company to commercialize energy storage systems and manage supply chain, engineering, research, and development activities. Named Faenix, the new company is 70% owned by Seri unit Fib and 30% by Eni Industrial Evolution, according to a Monday release. Faenix will market goods produced within the integrated Teverola-Brindisi industrial platform, which will house the planned Eni Storage Systems facilities.

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