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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Eni S.p.A.    ENI   IT0003132476

ENI S.P.A.

(ENI)
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Eni, Enel Partner to Develop Green Hydrogen Projects

12/02/2020 | 05:19am EST

By Giulia Petroni

Eni SpA and Enel SpA are partnering to develop green hydrogen projects through the use of electrolyzers powered by renewable energy.

The two Italy-based energy players said Wednesday that two pilot projects, which aim to supply qualified Eni refineries, are expected to start generating hydrogen from renewable energy by 2022-2023. Each of them will feature an electrolyzer of around 10 megawatts.

"We are looking forward to seeing green hydrogen supplying Eni's refinery and biorefinery processes, and are working to have the first operating system in place before the end of our current three-year plan," said Enel's Chief Executive Officer Francesco Starace.

Mr. Starace said the companies envision a system where the electrolyzer and the refinery are in the same location in order to avoid complex infrastructure to transport hydrogen.

Enel is currently also developing green-hydrogen projects in Spain, Chile and the U.S. It plans to reach a green-hydrogen capacity of over 2 gigawatts by 2030.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

12-02-20 0518ET

Stocks mentioned in the article
ChangeLast1st jan.
ENEL S.P.A. 0.78% 8.4 Delayed Quote.1.50%
ENI S.P.A. 2.10% 8.528 Delayed Quote.-0.23%
WTI 0.47% 52.991 Delayed Quote.8.49%
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Financials
Sales 2020 46 202 M 56 165 M 56 165 M
Net income 2020 -6 343 M -7 711 M -7 711 M
Net Debt 2020 19 358 M 23 532 M 23 532 M
P/E ratio 2020 -5,20x
Yield 2020 4,75%
Capitalization 30 467 M 37 055 M 37 037 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,88x
Nbr of Employees 32 053
Free-Float 66,7%
Chart ENI S.P.A.
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Eni S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends ENI S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 9,51 €
Last Close Price 8,53 €
Spread / Highest target 64,2%
Spread / Average Target 11,5%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Claudio Descalzi Chief Executive Officer, Director & GM
Lucia Calvosa Chairman
Stefano Maione Chief Operations, Technology & Development Officer
Francesco Gattei Chief Financial Officer
Karina A. Litvack Independent Non-Executive Director
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