Eni Next

Eni Next Eni Next is the corporate venture capital arm of Eni, the Italian energy major, founded in 2019 with dual headquarters in San Francisco and Rome. The portfolio reads like a who's who of frontier energy technology: Commonwealth Fusion Systems (fusion energy), Form Energy (long-duration storage), Pasqal (quantum computing), and Energy Dome (CO2-based energy storage). A new €100M ELTIF fund launching in September 2025 with Azimut targets clean tech scale-ups, structured under the ELTIF 2.0