The European Investment Bank announced on 19 September that is providing €250 million under the European Fund for Strategic Investments, or the Juncker Plan, to Italy’s national agency ENEA, whose research activities are focused on energy efficiency.
The funding is a part of an investment of €500 million for a facility which will be hosted near Rome. The project will also receive €60 million from EUROfusion, the EU’s programme to produce safe nuclear energy by 2050, as well as from Italy’s Ministry of Education (€40 million), the Ministry of Economic Development (€40 million), and the Lazio Region (€25 million).
ENEA has created the facility to respond to some of the key technological issues on nuclear fusion, in particular of how to control the generated heat. The project is expected to create some 1,500 new jobs, including 500 for scientists and technicians, with an impact of €2 billion for the Italian economy.
As of September 2019, the Juncker Plan has mobilised €433.2 billion of additional investment, including €67.4 billion in Italy.