Italian utility Enel and bank Intesa Sanpaolo have agreed to invest €1.5m ($1.7m) in Modena-based residential solar power storage start-up Aton Storage. The deal is the first of its kind for an international company with operations in Italy, according to the company. 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 €8m.
Italian utility Enel and bank Intesa Sanpaolo have agreed to invest €1.5m ($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 €8m.