By Cecilia Butini

Enel SpA subsidiary Enel X and shipbuilder Fincantieri SpA said Wednesday that they have signed a letter of intent to work on building and running port infrastructure with a low environmental impact.

As part of the agreement, the Italy-based companies will work on cold ironing--which provides a shoreside power source to docked ships--and on electricity storage and production systems that use renewable sources and fuel cells, they said. The companies will focus on management and optimization of energy exchanges in new infrastructure, they added.

The letter of intent might be subject to future binding agreements, the companies said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

March 24, 2021 10:56 ET (14:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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