Aton is offering batteries to be integrated with photovoltaic systems for residential customers. Italian bank Intesa Sanpaolo also invested in the company. Enel's headquarters in Rome, Italy. Image: Wikimedia Commons, Sergio D'Afflitto Italy’s electric utility Enel and financial services provider Intesa Sanpaolo have agreed to provide Italian start-up Aton Storage with a €1.5 million investment. The storage specialist has also signed a partnership agreement with Enel for the all-Italian offer of batteries integrated with photovoltaic systems for residential customers, the energy provider said in its statement. Aton has developed a residential battery in four different sizes specifically for Enel’s residential PV system Enel X. The financing is part of a program launched by Enel and Intesa San Paolo a year ago to support SMEs in Italy and abroad, to which the two companies devoted around €8 million to date. “The ecosystem of innovation and financial instruments created through the partnership between Enel and Intesa Sanpaolo has enabled Aton to accelerate and focus its innovation efforts on concrete results, thanks to an environment in which it is possible to implement industry projects and compete with major international players,” said Aton CEO, Ettore Uguzzoni. Aton is based in Modena, northern Italy, and produces storage systems for medium-small houses, with standard energy demand, as well as for big houses or small to medium businesses, with more than 6 kW on PV power installed. On its website, the company claims its devices allow self-consumption up to 85% on an annual average, while enabling investment return within approximately six years. Emiliano joined pv magazine in March 2017. He has been reporting on solar and renewable energy since 2009. More articles from Emiliano Bellini
Italian utility Enel and bank Intesa Sanpaolo have agreed to invest €€8mm ($1.7m) in Modena-based residential solar power storage start-up Aton Storage. Aton has developed four sizes of residential batteries made specifically for Enel’s Enel X residential solar system. The new financing is part of Enel and Intesa Sanpaolo's joint funding programme for small and medium-sized business in Italy and elsewhere, which has so far disbursed 1.5.