Italian oil giant Eni has signed a Letter of Intent with investment firm MGX and G42 to develop up to 1GW of data centers in Italy. The first project is planned around Ferrera Erbognone, in Lombardy, Italy, already home to Eni’s own data center, and will be developed in two phases of up to 500MW of IT capacity.
The facilities will be fully powered by “blue power,” supplied by Eni via a new dedicated power plant, with CO2 capture and storage at the Ravenna CCS hub. The company said blue power was “a low-carbon energy source generated by natural gas power plants, whose CO2 emissions are captured and stored.”
“Our partnership with the UAE is a testament to our shared commitment to a sustainable energy future, leveraging innovation and collaboration across key sectors,” said Eni CEO Claudio Descalzi. “Together with leading UAE companies, we will develop initiatives in areas that are essential in the energy transition, such as data centers powered by blue energy, a model able to respond to AI's growing demand [for] sustainable computing capacity.”
