By Patrick Costello

Eni SpA (ENI.MI) and the Italian research and development agency ENEA signed a memorandum of understanding Thursday to research magnetic confinement fusion, the Italian oil major said.

The agreement lays out the possibility of creating a company to work together on the Divertor Tokamak Test "to produce clean, safe, sustainable energy," Eni said.

The DTT is a research project currently underway at ENEA's center in Frascati, Italy. It is an experimental machine for providing scientific responses to issues in the fusion process such as managing very high temperatures, the company said.

The fusion agreement also requires the two parties to jointly develop strategies to carry out the DTT project and carry out an assessment to determine the best structure for the company, Eni said.

Write to Patrick Costello at patrick.costello@dowjones.com.

(END) Dow Jones Newswires

May 02, 2019 08:37 ET (12:37 GMT)

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