Finance

Italy to buy former nuclear site from Stellantis, statement says

Published by Global Banking & Finance Review

Posted on December 22, 2025

1 min read

· Last updated: January 20, 2026

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Italy to buy former nuclear site from Stellantis, statement says
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ROME, Dec 22 (Reuters) - Italy's cabinet on Monday authorised a state-backed company to buy from Stellantis a site that includes facilities for the temporary storage of used nuclear fuel, a statement

Italy Purchases Former Nuclear Site from Stellantis

ROME, Dec 22 (Reuters) - Italy's cabinet on Monday authorised a state-backed company to buy from Stellantis a site that includes facilities for the temporary storage of used nuclear fuel, a statement said.

Prime Minister Giorgia Meloni's government allowed nuclear decommissioning company Sogin to "carry out the acquisition of the entire shareholding of Deposito Avogadro," which according to the environment ministry website manages a former nuclear reactor in the northern Piedmont region.

No financial details of the transaction were disclosed.

Nuclear-fired power plants were prohibited in Italy following referendums in 1987 and 2011 but the government is now drafting rules to lift the ban through the use of new nuclear-power technologies.

Meloni's government has signalled its intention to bring nuclear power back into Italy's energy mix by 2027, as part of efforts to decarbonise highly polluting industries such as steel, glass and tilemaking.

(Reporting by Giuseppe Fonte, writing by Angelo Amante; Editing by Chizu Nomiyama )

Key Takeaways

  • Italy's government authorized the purchase of a nuclear site from Stellantis.
  • The site includes facilities for temporary nuclear fuel storage.
  • Sogin will manage the acquisition of Deposito Avogadro.
  • Italy plans to reintroduce nuclear power by 2027.
  • The move aims to decarbonize polluting industries.

Frequently Asked Questions

What is nuclear decommissioning?
Nuclear decommissioning is the process of dismantling nuclear facilities and managing radioactive materials to ensure safety and environmental protection.
What is used nuclear fuel?
Used nuclear fuel refers to nuclear fuel that has been irradiated in a reactor and is no longer efficient for sustaining a nuclear reaction.
What is decarbonization?
Decarbonization is the process of reducing carbon dioxide emissions associated with fossil fuel use, often through the adoption of renewable energy sources.
What are nuclear power technologies?
Nuclear power technologies involve the use of nuclear reactions to generate electricity, including advanced reactors and safety systems.

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