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Enel S.p.A.
Enel Logo
Partner Information
Based Flag of Italy Rome, Italy
Founder Italian government (1962)
Announced 13 April 2018[1]
Broke
Role Official Power Partner
Official Website Enel

Enel S.p.A., otherwise known as Enel, is an Italian multinational energy company that focuses on the distribution of electricity and natural gas.[2] Originally formed as Ente nazionale per l'energia elettrica by the Italian government in 1962, Enel are now a privately owned entity listed on the Milan Stock Exchange.[2]

Enel would become a partner of the ABB FIA Formula E Championship in May 2016, having signed a deal with Formula E Holdings initially as a sponsor.[3] Their role would subsequently be expanded ahead of the 2018/19 season, with Enel becoming the 'official power partner' of the series, supplying the series with electricity produced from glycerine generators.[4]

Enel also serve as the title sponsors of the FIM MotoE World Cup, an all-electric racing series for motorcycles.[5]

Background

Enel was originally formed on the 27 November 1962 by the Italian government, serving as the National Board for Electricity (Ente nazionale per l'energia elettrica).[2] Formed by a parliamentary bill, Enel would subsequently take control of all major electrical companies in Italy, effectively nationalising the industry.[2] The subsequent years would see a vast modernisation project conducted on the Italian electricity grid, with Enel also forced into finding new energy sources as a result of the 1973 oil crisis.[2]

Privatised Power

Nuclear power became major source of supply for Enel, with the group also investing heavily in solar farms during the 1980s.[2] However, the Chernobyl disaster, combined with a move away from nuclear power in general, saw all of Italy's nuclear stations closed, costing the Italian government millions of lira.[2] Enel was subsequently turned into a joint-stock company to increase funds, although the Italian Treasury was the only shareholder when the group was listed in July 1992.[2]

Enel would subsequently be broken up into various divisions during the early 2000s following its privatisation in 1999, before embarking on a new series of investments in environmentally friendly energy.[2] The group were also listed on the Milan Stock Exchange for the first time, with the Italian state holding a 23% share in the group.[2]

Formula E History

Enel first became involved in the ABB FIA Formula E Championship midway through the 2015/16 season, signing a deal with Formula E Holdings to supply the series with electricity.[3] To do so the group worked alongside Aquafuel Research Ltd. to run a set of glycerine fuelled generators, which provided near-carbon-free electricity for the series.[6] Enel subsequently re-signed their deal with FEH ahead of the 2018/19 season, which saw their role extended to developing recharge technology for the new Spark SRT05e.[1]

Products

Enel supply the ABB FIA Formula E Championship with a set of glycerine fuelled generators, effectively allowing the series to run off its own power grid at an E-Prix weekend.[4] The concept was introduced by FE's former supplier Aquafuel Research Ltd., who developed the concept for the series ahead of the 2015/16 season.[6]

References

Videos and Images:

References:

  1. 1.0 1.1 'Enel expands partnership with Formula E', fiaformulae.com, (FIA Formula E, 12/04/2018), https://www.fiaformulae.com/en/news/2018/april/enel-expands-partnership-with-formula-e/, (Accessed 08/02/2019)
  2. Cite error: Invalid <ref> tag; no text was provided for refs named Enel
  3. 3.0 3.1 'Racing to the future at 200 km/h', enel.com, (Enel SpA, 25/05/2016), https://www.enel.com/stories/a/2016/08/racing-to-the-future-at-200-km-h, (Accessed 08/02/2019)
  4. 4.0 4.1 'ENEL', fiaformulae.com, (FIA Formula E, 2019), https://www.fiaformulae.com/en/discover/partners/enel, (Accessed 08/02/2019)
  5. Jake Kilshaw, 'MOTOE: MotoGP Organizer Dorna Launches Electric Motorbike Series', e-racing365.com, (John Dagys Media, LLC., 06/02/2018), https://e-racing365.com/other-series/motoe/motogp-organizer-dorna-launches-electric-motorbike-series/, (Accessed 06/07/2019)
  6. 6.0 6.1 'INSIGHT: Formula E’s emission-free charging', fiaformulae.com, (FIA Formula E, 22/06/2016), https://www.fiaformulae.com/en/news/2016/june/insight-formula-e-s-emission-free-charging/, (Accessed 08/02/2019)
FIA Formula E Partners
Institutional
Formula E HoldingsFédération Internationale de l'AutomobileABBvoestalpine
Founding
BMWDHLMichelinQualcommRenaultTAG Heuer
Other
AllianzAntofagasta MineralsBoschEnelHeinekenHugo BossJulius BärModisSaudiaUmicore
Spark Technical Partners
Spark Racing TechnologiesBremboDallaraHewlandMcLarenWilliams
Former Partners
1st RoundCNBCRimac Automobili
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