Group 1 - Eni S.p.A is exploring the sale of a 20% stake in its renewable and retail business Plenitude, engaging in exclusive discussions with Ares Alternative Credit Management [1][2] - The equity value of Plenitude is estimated between 9.8 billion and 10.2 billion euros, with potential to exceed 12 billion euros when considering debt [2] - The sale aligns with Eni's satellite strategy, aimed at developing low-carbon businesses and attracting external investments [3][5] Group 2 - Eni's strategy includes selling small stakes in its business units to support capital expenditures for low-carbon initiatives while retaining investment capacity in upstream projects [3][4] - The interest from Ares highlights the attractiveness of Eni's business model and its growth prospects [4] - Eni has previously executed similar transactions, including a stake sale in Plenitude to Energy Infrastructure Partners and a 30% interest in its biofuel unit Enilive to KKR [5]

Core Insights - Hidrogenii, a joint venture between Plug Power Inc. and Olin Corporation, has commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and supporting the U.S. transition to low-carbon energy [1][3][10] - The new facility will liquefy hydrogen produced by Olin for trailer shipments across the U.S., increasing Plug's total hydrogen production capacity to 40 TPD [2][5] - The establishment of this plant is part of Plug's strategy to scale a national green hydrogen network, complementing existing production sites in Georgia and Tennessee [3][5] Company Overview - Plug Power is focused on building a global hydrogen economy with an integrated ecosystem that includes production, storage, delivery, and power generation [4] - The company has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [5] - Olin Corporation is a leading manufacturer and distributor of chemical products, including hydrogen, and is involved in the ammunition manufacturing sector [7] Joint Venture Details - Hidrogenii was established in 2022 to operate the liquid hydrogen facility in St. Gabriel, combining Plug's hydrogen technology with Olin's industrial expertise [3][9] - The joint venture aims to produce and deliver reliable, domestically sourced hydrogen to meet growing demand across various markets [10]