Eni Next is a venture capital firm in Italy that focuses on Clean-Tech, Industrials, Digital technologies, Magnetic Fusion, and other sectors. The firm is the corporate venture capital vehicle of Eni Group. Founded 1956 in Rome, Lazio, Italy, it invests in early stage ventures. Its portfolio companies include Form Energy and Commonwealth Fusion. Form Energy is a company developing a class of ultra-low cost, long duration energy storage systems. Commonwealth Fusion is a company that develops energy through inexhaustible power plant. As of March 2020, Eni Next has made two investments. Their most recent investment was on August 23, 2019, when Form Energy raised $40M.
Commonwealth Fusion Systems is a Cambridge, Massachusetts-based research and development company developing fusion power systems based on ARC tokamak reactors.
Form Energy is a Somerville, Massachusetts-based company developing low-cost, long-duration energy storage systems.
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