FAAM was founded in 1974 in the town of Monterubbiano (FM) as a brand manufacturer of energy storage systems. This historical experience in the sector allows us to offer Made in Italy products with very high energy efficiency. n 1986, the FAAM brand began producing batteries for the motive power and standby power sectors using lead-acid technology at its Monte Sant'Angelo (FG) plant. Lithium technology and BMS – 2004. Thanks to the know-how acquired over the years, FAAM began to develop customised solutions with lithium technology complete with its own innovative management system (BMS - Battery Management System) for automotive, traction and stationary applications. In 2013 FAAM became part of the Seri Group, and this was the event that gave new impetus to the company's initiatives. Thanks to group synergies, in fact, it is now possible to enable a strategy of vertical integration of the production value-chain for both lead acid and lithium technology.

Teverola 1 is the present and first operational plant in Italy and Southern Europe in the production of lithium cells, modules and batteries.

Teverola 2 is the next step with a production capacity of >8GWh/year, including a pilot line for end-of-life battery recycling and active material recovery.

The Teverola area will be the first technology cluster for lithium battery production in Italy and Southern Europe.

The cluster is part of the IPCEI programme.The IPCEI project is part of the policies aimed at fostering the energy and ecological transition, promoting electric mobility and reducing emissions as a strategic goal for Europe. For more information visit https://www.ipcei-batteries.eu. Faam project involves the development of environment-friendly and beyond-the-state-of-the-art lithium-ion cells and batteries to accelerate the European energy transition.