Eni to Work With Italian Agency on Fusion Project Worth Over EUR600 Million
January 29 2020 - 6:56AM
Dow Jones News
By Cristina Roca
ENI SpA (ENI.MI) said Wednesday that it has signed an agreement
to collaborate on a project worth over 600 million euros ($660.9
million).
The Italian energy major will work with ENEA, Italy's national
agency for new technologies, energy and sustainable economic
development, to establish a scientific and technological center for
fusion DTT, or Divertor Tokamak Test, at ENEA's research centre in
Rome.
The project will be carried out through DDT Scarl, a joint
venture where Eni holds 25%, ENEA holds 74% and Consorzio CREATE
holds the remaining 1%.
"This partnership reflects Eni's strategic vision for the
transformation of the global energy sector, in which magnetic
confinement fusion will be able to play a major role," said Eni
Chief Executive Claudio Descalzi.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
January 29, 2020 06:41 ET (11:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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