Eni-led Group to Build Wave Power Stations
Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The agreement, which follows the understanding signed last 19 April, will launch the first phase of a joint project to convert the Inertial Sea Wave Energy Converter (ISWEC) pilot project, an innovative system that transforms energy generated by waves into electricity, into an industrial scale power station, making its application and use immediately available.The partnership agreement will focus on two phases: during the first phase, the companies will develop a business model and define a deployment plan for Italy.
RINA Acquires CSM Materials Technology Center
Growing Italian engineering, testing, inspection, certification and ship classification group RINA has bought the major shareholding in Italy’s leading center for innovation in materials technology, CSM. According to RINA, the move strengthens its expertise in specialized steel processes and products, especially for the energy sector and in innovative waste to energy conversion technologies. RINA CEO Ugo Salerno said, “Bringing CSM into RINA is part of our long-term growth strategy of developing and widening our specialist competence. CSM CEO Mauro Pontremoli said, “Joining RINA gives us the financial platform and market outreach we need to deliver our skills and knowledge globally.
