Energy Intelligence has awarded its Energy Innovation Award to Eni in recognition of its readiness for the energy transition on numerous fronts and its acceleration in low-carbon investments.

Eni is ranked strongly in terms of emissions targets, portfolio resilience, and transformation of its business model – key elements of Energy Intelligence’s Energy Transition Service benchmarking. Further, the Italian company is taking an innovative approach to its corporate structure and business model.

The Energy Innovation Award recognizes the greatest improvement made by an energy company in adapting to the energy transition over the previous year. It is rooted in quantitative data, as measured by Energy Intelligence benchmarking. The winner is then selected from a shortlist by an independent panel of leading experts in finance, government, academia and consulting.

“Eni stands out for its consistently high rankings in Energy Intelligence’s benchmarking of companies’ energy transition positioning, as well as its increasingly ambitious goals to reduce greenhouse gas emissions, including those from use of its products,” said Alex Martinos, Head of Energy Transition Research at Energy Intelligence. “We are tracking the Italian firm’s rapidly expanding investments in low-carbon technologies – focused on renewables, but also extending to biofuels and beyond.”

Eni has consistently scored in the top 3 on the Transition Strategy Index – holding on to second place in our latest Transition Strategy Index assessment. In terms of low-carbon investments, it has significantly scaled up activity over 2020-21.

“The energy transition isn’t an easy feat. The world will need more companies like Eni that are proactive in adapting, innovating, and investing to find solutions,” said Lauren Craft, editor of EI New Energy and administrator of the award. “Eni’s leadership and marked advances over the past year are an example to the energy industry – an industry with fundamental and integral roles to play in the energy systems of tomorrow.”

The award will be presented to Eni CEO Claudio Descalzi on October 5, during the Energy Intelligence Forum in London energyintelligenceforum.com.

Previous winners of the award, formerly known as the Leadership in New Energy Award, are Equinor (2021), TotalEnergies (2020), Royal Dutch Shell (2019), Vattenfall (2018), Engie (2017), Total (2016), Equinor (then Statoil) (2015), Orsted (then Dong Energy) (2014), Iberdrola (2013) and Masdar (2012).

Energy Intelligence’s corporate benchmarking and analysis provide integrated assessments of IOC and NOC positioning for the transition:

  • The Transition Strategy Index provides a broad assessment of companies’ underlying resilience and their strategies to adapt to the energy transition. The proprietary methodology scores firms on portfolio resilience, and on adaptation and transformation strategies. 
  • The Low Carbon Investment Tracker provides valuable data and insights into how firms are investing in low-carbon technologies. It covers announced and approved investments in low-carbon power generation and the electricity value chain, as well as e-mobility, low-carbon fuels, and carbon capture and negative emissions technologies.