Latest news with #GuidoBrusco
Al Etihad
13-07-2025
- Business
- Al Etihad
Khazna, Eni join forces to develop 500MW AI data centre campus near Milan
13 July 2025 18:29 ROME (ALETIHAD)In a significant leap for Europe's digital infrastructure, Khazna Data Centers, a UAE-based hyperscale digital infrastructure leader, and Eni, the Italian global energy company, have signed a Head of Terms (HoT) agreement to establish a joint venture to develop a 500-megawatt AI data centre campus in Ferrera Erbognone, Lombardy, signing ceremony took place in Rome on Friday, in the presence of Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, and Adolfo Urso, Italy's Minister of Enterprises and Made in Italy, alongside other senior officials. The agreement was signed by Hassan Alnaqbi, CEO of Khazna Data Centers, and Guido Brusco, Eni's Chief Operating Officer for Global Natural strategic initiative marks a major milestone in the UAE-Italy cooperation framework, which was reinforced during the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to Italy in February 2025. The visit laid the groundwork for a broader partnership in artificial intelligence, energy transition, and digital upcoming campus will feature state-of-the-art, energy-efficient infrastructure built specifically to support high-density AI and high-performance computing (HPC) workloads. It will be powered by Eni's proprietary 'Blue Power'—a low-carbon energy source generated by a high-efficiency Combined Cycle Gas Turbine (CCGT) power plant equipped with carbon capture capabilities. This integration of decarbonised energy with AI data infrastructure is a first-of-its-kind in Italy, symbolising a new era in sustainable digital project is the first phase of a larger programme that aims to install up to 1 gigawatt (GW) of total IT capacity across Italy. Under the HoT, Khazna is appointed as the main partner to design and execute a phased master plan to deliver the 500MW data Alnaqbi, CEO of Khazna Data Centers, stated: 'We're proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna's European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands.'Guido Brusco, COO Global Natural Resources of Eni, added: 'Through this partnership, Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market.' The agreement outlines the key principles, governance framework, and roles for a dedicated joint venture company that will oversee and fast-track the delivery of this strategic digital infrastructure.
Mid East Info
12-07-2025
- Business
- Mid East Info
Khazna Data Centers and Eni Partner to Develop 500 MW AI Data Center Campus Near Milan - Middle East Business News and Information
Khazna Data Centers, a global leader in hyperscale digital infrastructure, and Eni, a global energy company headquartered in Italy, have signed a Head of Terms (HoT) to establish a Joint Venture for the development of an AI Data Center Campus with a total IT capacity of 500 MW in Ferrera Erbognone, Lombardy. The HoT was signed in Rome in the presence of Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, alongside senior UAE officials and Adolfo Urso, Italy's Minister of Enterprises and Made in Italy. Khazna CEO Hassan Alnaqbi and Eni COO Global Natural Resources Guido Brusco signed the agreement on behalf of their respective organizations. The initiative combines Khazna's expertise in advanced data center design and operations with Eni's leadership in sustainable energy, laying the foundation for a resilient AI ecosystem at the heart of Europe. The Data Center Campus will be fed by 'Blue Power' supplied by Eni, a low-carbon electricity source generated by a new high-efficiency Combined Cycle Gas Turbine (CCGT) Power Plant designed to capture CO2 emissions. This will provide a first-of-a-kind synergy between decarbonized energy and Data Center design in Italy. This project is the first milestone of a program that aims to install an overall IT capacity in Italy of up to 1 GW, as set out in the Letter of Intent signed as part of the strategic partnership announced during the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, to Italy in February 2025. The letter outlined a shared commitment between the UAE and Italy to collaborate across artificial intelligence, energy transition, and digital infrastructure. The HoT marks significant progress for the project, with Khazna appointed as main partner for Eni to design and develop a phased master plan to achieve the 500 MW IT capacity. Purpose-built for high-density AI and high-performance computing workloads, the Milan AI Data Center Campus will deliver scalable, energy-efficient infrastructure designed to power Europe's digital and AI-driven future. Hassan Alnaqbi, CEO of Khazna Data Centers, said: 'We're proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna's European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands.' Guido Brusco, COO Global Natural Resources of Eni, added: 'Through this partnership, Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market.' The HoT sets the key principles, roles and governance structures of a dedicated Joint Venture Company between both parties (Eni and Khazna), which will accelerate delivery of this strategic project. About Khazna Data Centers: As one of the fastest growing hyperscale data center platforms globally, Khazna Data Centers enables the growth of artificial intelligence (AI) and digital economies by delivering advanced infrastructure with unparalleled energy efficiency. Khazna is at the forefront of data center technology, pioneering solutions that combine innovation, resiliency, and sustainability. Khazna empowers governments, businesses, and societies to thrive in the digital age with data centers that are designed to handle the high-density computing requirements essential for the next-generation, AI-
TECHx
11-07-2025
- Business
- TECHx
Khazna Data Signs Deal to Build AI Data Center in Italy
Home » Tech Value Chain » Global Brands » Khazna Data Signs Deal to Build AI Data Center in Italy Khazna Data Centers, hyperscale digital infrastructure, and Italian energy giant Eni have announced the signing of a Head of Terms (HoT) to form a Joint Venture. The agreement will support the development of a 500 MW AI Data Center Campus in Ferrera Erbognone, Lombardy. The signing ceremony took place in Rome in the presence of Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation. Senior UAE officials and Italy's Minister of Enterprises and Made in Italy, Adolfo Urso, also attended the event. Khazna CEO Hassan Alnaqbi and Eni COO Global Natural Resources Guido Brusco signed the agreement. The collaboration brings together Khazna's advanced data center design capabilities and Eni's expertise in sustainable energy. The new AI Data Center Campus will be powered by 'Blue Power' supplied by Eni. This low-carbon electricity is generated by a high-efficiency Combined Cycle Gas Turbine (CCGT) Power Plant equipped to capture CO2 emissions. The project introduces a first-of-its-kind synergy between decarbonized energy and data center design in Italy. This agreement marks a key milestone in a broader program to establish up to 1 GW of total IT capacity in Italy. The program stems from a Letter of Intent signed during the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to Italy in February 2025. The visit emphasized strategic cooperation between the UAE and Italy in AI, digital infrastructure, and the energy transition. The HoT confirms Khazna's role as the primary partner for designing and developing a phased master plan to reach the 500 MW goal. The Milan-based campus will support high-density AI and high-performance computing workloads. Key highlights: • The project enables sustainable, scalable AI infrastructure in Europe. • It reflects strategic alignment between UAE and Italy on digital innovation. Khazna CEO Hassan Alnaqbi stated the agreement represents a defining step in the company's European expansion. He noted that Khazna and Eni are laying the groundwork for infrastructure that meets the growing demands of AI. Eni's Guido Brusco emphasized the project's strategic importance for Italy and Europe. He highlighted both firms' strengths in innovation, sustainability, and rapid delivery. The HoT also sets the foundational roles and governance for a new Joint Venture Company between Khazna and Eni. This structure will accelerate the delivery of the project.
CNA
17-06-2025
- Business
- CNA
Petronas expects set-up of proposed ENI JV will take one to two years
KUALA LUMPUR :Petronas expects to take one to two years to set up a proposed joint venture with Italian energy group Eni on some upstream assets in Indonesia and Malaysia, an executive of the state-run energy company said on Tuesday. The companies signed a pact in February on the joint venture that aims to combine about 3 billion barrels of oil equivalent (boe) of reserves with an additional 10 billion boe of potential exploration upside. "The whole idea of having this as a combination is to have an independent entity created in order to be self-financed," Mohd Jukris Abdul Wahab, executive vice president and chief executive of upstream for Petronas, said at the Energy Asia conference in the Malaysian capital. Guido Brusco, Eni's chief operating officer, said, "This is a game changer for us in the region. We are combining assets from Malaysia and Indonesia, particularly in the Kutai Basin." Eni's Kutai Basin assets include developments in the Northern and Gendalo-Gandang hubs, which have massive gas reserves. Petronas has said it was looking to include oil and gas projects in Indonesia's Kutai Basin in the planned joint venture, proposing to swap interests for its assets in Malaysia and Indonesia with Eni's blocks there.
Reuters
07-04-2025
- Business
- Reuters
Eni looking at potential new sales of upstream assets after Vitol deal
RAVENNA, April 7 (Reuters) - Italy's Eni ( opens new tab is considering potential sales of its upstream assets following a recent deal with global energy trader Vitol, Chief Operating Officer for upstream activities Guido Brusco said on Monday. The executive added that the recent sale of assets in Ivory Coast and Congo "had attracted significant expressions of interest from many investors". The Italian energy group is "continuing to work on these kinds of deals," he added. Eni agreed in March to sell stakes in assets in Ivory Coast and the Republic of Congo to Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing.
