Fondo Italiano per I'Efficienza Energetica completed a €20m in Corre Energy.

Fondo Italiano per I'Efficienza Energetica, a large equity fund dedicated to financing energy transition projects, completed a €20m in Corre Energy, which develops, builds and operates grid-scale underground energy storage. "Investing in Corre Energy means being at the edge of energy transition, whereby an ever increasing share of electricity production from renewable sources will have to go hand in hand with storage to ensure a greater stability of the power grid. The company's mission is fully aligned with the EU objective of reaching net zero emissions, and our partnership with Corre Energy will further enhance our knowledge of this very promising sector," Fulvio Conti, FIEE Chairman.