Fincantieri SI forms joint venture with lithium battery developer Faist Electronics

Fincantieri SI Spa, Trieste, Italy, and Faist Electronics Srl, Montone (PG), Italy, member of Faist Group, have founded Power4Future, a joint venture dedicated to the production of lithium-ion batteries, reports.

Fincantieri SI is involved in the integration of electric propulsion systems and complex electromechanical systems in the marine (cold ironing) and land segment, while Faist Electronics is specialized in the development and supply of complete energy storage systems, including control and power electronic devices.

The batteries produced by Power4Future are expected to contribute to achieving the decarbonization goals in Italy’s Recovery and Resilience Plan, which sets specific goals and priorities for ports and for transportation in general.

The industrial partnership envisages the construction of a facility to produce batteries, followed by the design, assembly, marketing and after-sales services for modules and battery packs, including control devices such as battery management systems and ancillary systems such as fire protection and air conditioning for complete battery stationary systems.

Production forecast

The expected cumulative production would exceed 2 GWh in five years.

‘In a “green” energy setting, lithium-ion batteries and energy storage systems will be the new “fuel tank” for the maritime and land mobility of the future,’ said Gianfranco Natali, president and founder of Faist Group. ‘Together with Fincantieri, this is the vision that guided us towards creating Power4Future, a name that reveals our commitment to future generations to do our best for a completely “green” future.’

Fincantieri CEO Giuseppe Bono added: ‘Future environmental protection regulations will drive shipowners to adopt new alternative solutions to those currently based on internal combustion engines, in order to produce and use energy. Faced with the need for greater storage capacity, lithium-ion batteries today are the only solution that is both technically and economically sustainable for full electric vessels, which currently makes them one of the most important assets not only for the naval industry, but also for all the other sectors where we will be able to operate with this new company.’

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