Eni: an energy tech company driving the energy transition

As the world grapples with the urgent need to transition to a more sustainable energy landscape, technological innovation, and collaboration have emerged as indispensable and pivotal tools.

Technological innovation as a catalyst for transformation

Technology is at the heart of progress and prosperity, driving economic growth and enhancing the quality of life. However, it is nothing without scalability and it evolves into an effective deployment only if the industry sector can apply it, transforming technology into a profitable business.

On the energy side, technological advancements are crucial in driving efficiency and reducing costs. Meanwhile, innovation drives the development of new business models that can better align with a changing energy landscape. So, the energy transition is itself a technological transition.

Fully aware of this, Eni shapes the new era of sustainable energy solutions through technological innovation: we are progressively decarbonising our activities, reducing our carbon footprint improving efficiency of our existing operations, and transforming our industrial processes, products, and services. This approach, based on proprietary technology, is able to generate new businesses (“satellites”) that produce energy and decarbonisation solutions and are capable of independently accessing capital markets to fund their growth along with new opportunities for the people and territories involved.

In fact, Eni is deploying new technologies to transform its activities in support of the energy transition and at the same time creating new independent companies that provide material and sustainable returns. Traditional refineries have been and will be converted into biorefineries to produce biofuels, the core of Enilive, Eni’s mobility transformation company. Renewable energy generation is integrated in Plenitude alongside the network of charging systems for electric vehicles and solutions for end customers. Moreover, by leveraging carbon capture and storage (CCS), Eni is already helping decarbonise hard-to-abate industrial sectors.

At the same time, we know the energy system of the future requires technologies that are not yet available at scale; so, our research and development of breakthrough technologies will support the revolution of the energy sector.

In this path, high-performance computing (HPC) and Artificial intelligence (AI) are pivotal tools. Eni has been investing steadily for decades in HPC systems, which have significantly contributed to Eni’s exploration successes while supporting our R&D studies in new technological solutions for the energy transition through advanced simulations applied to solve complex modelling problems. We are now launching HPC6, which will significantly enhance our computing capacity, and will be one of the most powerful industrial computing systems in the world. Artificial Intelligence is already extensively used in our business, to help the pursuit of operational excellence in our processes, improve the energy efficiency of our facilities, increase the safety of our people, and help preserve the integrity of our assets: HPC6 will also be crucial to further boost the implementation of Artificial Intelligence models.

Enabling partnerships to grow through the transition

The energy transition is a complex challenge and cannot be solved by any single actor: partnerships are vital to share knowledge to increase the impact of transformation.

Eni collaborates with universities, research entities, and industry consortia worldwide to foster knowledge exchange and drive innovation; partnering with technology companies and startups, we can also accelerate the development and adoption of new energy solutions. The collaborations with international organisations are pivotal in shaping industry standards, promoting sustainable practices, and advocating for policies that support a low-carbon future.

The dialogue with a wide range of stakeholders is constant and it is necessary to address the challenges of the energy transition.

Eni has a long-standing relationship with the United Arab Emirates, where we operate along the entire energy value chain with our vertical integrated approach. Our collaboration with ADNOC has been particularly fruitful, resulting in several significant undertakings, like Ghasha, a mega gas project.

Furthermore, we are also working together to explore opportunities in renewable energy, hydrogen, carbon capture and storage, and energy efficiency to support global energy security and a sustainable energy transition.

A commitment to ADIPEC

ADIPEC provides a platform for industry leaders to discuss the challenges and opportunities facing the energy sector. Eni is proud to be a long-time participant. We look forward to continuing to share our vision for a sustainable energy future.