Eni, CDP, Fincantieri and Terna join forces to develop power plants

Posted On April 20th, 2019 - 5:27 pm | by Oil and gas press

The Chief Executive Officers of Cassa depositi e prestiti, Fabrizio Palermo, of Fincantieri, Giuseppe Bono, of Terna, Luigi Ferraris, and of Eni, Claudio Descalzi, signed a non-binding agreement today at the Eni headquarters in the EUR district of Rome to develop and build wave power stations on an industrial scale.

The agreement seeks to combine the expertise of the collective companies to transform the Inertial Sea Wave Energy Converter (ISWEC) pilot project into a project on an industrial scale for immediate application and use. ISWEC is the innovative system that converts energy generated by waves into electricity. Eni installed the project at its Ravenna offshore site.

Under the terms of the agreement, Eni will share its findings from the ISWEC plant pilot project with the joint working group. The ISWEC built in collaboration with the Politecnico di Torino and the Wave for Energy spin-off, will share its technological, industrial and commercial expertise with the group, in addition to sharing information on the logistical and technological elements used at its offshore plant.

Claudio Descalzi, CEO of Eni, commented:

“Today’s agreement is an important step forward towards building a new production system for renewable energy generated by wave power. This deal is part of our strategic decarbonization plan and stems from Eni’s focus on research, development and the application of new technologies aimed not only at making traditional operating processes more efficient, but also at driving us to create new business segments in the energy sector. Collaborating with three exceptional Italian companies like CDP, Terna and Fincantieri will enable us to pool distinct skills that each company already possesses and help accelerate the development process of this technology.

Our ultimate goal is to explore together the potential for projects to be launched on a grand scale, including abroad.”

CDP will promote the project with public administrations and institutions involved and, moreover, will share its economic-financial skills, also in order to evaluate the most appropriate of financial support forms to the initiative. CEO Fabrizio Palermo commented:

“CDP’s Business Plan is strongly oriented towards sustainable development, in line with the great global trends and the Sustainable Development Goals defined by the UN 2030 Agenda. The project, therefore, is consistent with our strategy and, together with partners such as Eni, Fincantieri and Terna, we will be able to contribute in a concrete way to the development of an innovative Italian technology and to spread renewable generation sources, for the benefit of the country and the community.”

Source / More : Eni›

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