Eni acquired an approximate 11.6% stake in Canadian producer Nouveau Monde Graphite. This investment secures graphite and active anode materials for Eni’s planned gigafactory in Brindisi, Italy. These components are essential for lithium-ion battery production.
The agreement grants Eni a seat on Nouveau Monde Graphite’s board. Eni also gains the right to negotiate exclusive supply agreements. This vertical integration provides the energy giant control over critical mineral inputs.
This move links Eni’s traditional energy operations to the growing battery materials sector. The strategy aims to expand lower-carbon business units and create revenue from sustainable mobility. Investors are monitoring how Eni leverages this supply to meet European battery demand.