Eni Next is a wholly owned subsidiary of Eni and a strategic investment vehicle. They seek to invest in clean technology with a focus on renewables, industrial innovation and digital or the use of machine learning and artificial intelligence in the energy space.
Eni Next is based in Boston, Massachusetts to be close to MIT, where Eni has a longstanding partnership since 2008 when Eni spent $50 million to become a founding member of the MIT Energy Initiative.
In June 2019, Eni Next invested in Commonwealth Fusion Systems, who work to commercialize fusion energy.
In August 2019, Eni Next invested in Form Energy, Inc., an energy company developing systems incorporating low-cost, long-duration storage.