A collaboration between Enel, Ansaldo Energia and Leonardo, has been established to lead research and market analysis in Italy’s new nuclear sector.
The joint venture (JV), called Nuclitalia, was initially announced in April 2025.
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It will concentrate on studying advanced sustainable nuclear power technologies, initially focusing on water-cooled small modular reactors (SMRs).
With Enel holding a 51% stake, Ansaldo Energia 39% and Leonardo 10%, Nuclitalia will assess innovative nuclear designs and their applicability within the Italian system.
The venture will undertake a rigorous technical-economic analysis to pinpoint the most promising nuclear solutions.
Nuclitalia will also investigate industrial partnerships and co-design opportunities, prioritising innovation, environmental and economic sustainability, and the enhancement of Italian supply chain competencies.
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By GlobalDataNuclitalia’s governance structure has been outlined, with the board of directors chaired by Ferruccio Resta, the former Rector of the Politecnico di Milano. Enel’s nuclear innovation unit head, Luca Mastrantonio, has been appointed CEO.
The board will also include five additional members from the shareholder companies, chosen for their technical expertise and extensive experience.
These executives will leverage their skills to support Nuclitalia’s growth. A technical committee is also being established to aid in the company’s technological analysis efforts.
The transaction qualifies as between related parties because Enel, Ansaldo Energia and Leonardo are all companies under the common control of Italy’s Ministry of Economy and Finance.
The deal is considered by Enel to be of minor importance and in line with the rules set by Consob and Enel’s own guidelines for dealings with related parties, the Related Parties Committee has given a well-reasoned positive opinion.
The committee has affirmed both the benefit of the transaction for Enel and the fairness and appropriateness of the terms involved.
For Leonardo, the deal is exempt from the usual rules and procedures that govern related party transactions because it is categorised as a small amount transaction, according to the company’s board-approved procedure for transactions with related parties.
