EIPAF - Eni: Continual Expansion Into Renewables Proves Promising

• Eni recently entered into a partnership for the development and deployment of renewable hydrogen.
• Renewable hydrogen could offer a better solution for energy storage than batteries.
• Eni is also very active in developing wind and solar projects around the world as it attempts to build out its renewables business, presenting a growth opportunity.
• Renewables are likely to deliver much stronger growth going forward than fossil fuels so this business will likely represent a greater percentage of revenues over time.
• The company's dividend is quite safe even if its yield cannot compare to some of its American peers.

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