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Eos Energy Secures $20 Million Order to Supply California Power Grid with Long-term Storage

Eos Energy | January 05, 2021

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos"), a main supplier of protected, adaptable, effective, and reasonable zinc-based energy stockpiling frameworks, today declared a firm request from EnerSmart, an engineer, proprietor and administrator of utility scale energy stockpiling projects, to give in any event 90MWh, and as much as 180MWh, of energy stockpiling throughout the following two years.

The ventures are intended to be fueled by Eos' inventive Znyth® battery innovation to give improved lattice solidness and expanded renewables use across various areas in California. The principal project, foreseen to supply 9MWh of capacity in El Cajon to CAISO (California's autonomous network administrator), is esteemed at $2 million with establishment planned for the final quarter of 2021.

"We are energized and accept that this understanding will grow our introduced base and keep on demonstrating the interest for longer span stockpiling. We anticipate working with EnerSmart to bring inventive innovation intended to make a drawn out certain effect on California's capacity network," said Balki Iyer, Chief Commercial Officer of Eos.

The Eos Znyth® battery is intended to give persistent force upon establishment and is foreseen to have a helpful existence of 20 years. This decidedly keen stockpiling arrangement created in Edison, NJ is demonstrated to be protected across a wide scope of working conditions and will be sent from Eos' assembling office situated in Pittsburgh, PA.

"As we extend our arrangement of utility scale energy projects in key business sectors, we depend on innovation that can give protected, solid stockpiling at an appealing cost," said Marc La Magna, Co-originator and Managing Partner at EnerSmart. "Eos Energy's innovation is intended to address these territories and significantly, they share our enthusiasm and idealism that energy stockpiling and sustainable power ventures will keep on being broadly received in California and around the nation."

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Spotlight

A BUYER’S GUIDE FOR LOCALIZATION SERVICES:

Your localization partner is going to do a deep-dive into your business—so start by diving deep into theirs. Are they an industry-leader with 20 years of experience or a relative newcomer? Will they speak Samoan, Uzbek, or Swahili (and all your customers’ languages)? Can they deliver on-time and on-budget—every time? Ask how many languages they support. Find out whether their translator team comprises just linguists, or linguists and subject matter experts. Explore the backgrounds of their senior management team. Be nosey. Ask questions. Cyberstalk.

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