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

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."