Eni Next

Corporate

Corporate venture arm of Eni, investing in energy technology and sustainability startups.

Profile

Headquarters
Milan, IT
Investments
3
Companies
1

Capital

Total Deployed
$356M
Lead Rounds
1

Portfolio

1 company
Form Energy $1.2B
Private Somerville, US

Developing low-cost, multi-day energy storage using rechargeable iron-air batteries capable of delivering electricity for 100 hours at less than 1/10th the cost of lithium-ion. The batteries work by reversibly rusting and de-rusting iron using water and air. Manufacturing at Form Factory 1 in Weirton, West Virginia (550,000 sq ft). Signed $1B deal with Google for 300MW/30GWh system powering its Minnesota data center. Planning IPO in 2027.

Investment data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.