Bridgelink to order up to 500 MWh of Eos energy storage systems

The Eos Energy Block containerised solution. Source: Eos Energy Enterprises Inc

March 9 (Renewables Now) - The commodities business of renewables developer Bridgelink can order up to 500 MWh of zinc-based energy storage systems from New Jersey-based Eos Energy Enterprises Inc (NASDAQ:EOSE) over a three-year period.

Eos said in a statement today that it signed a master supply agreement with Bridgelink Commodities LLC allowing the latter to purchase 240 MWh of systems for energy storage projects in Texas. The deal includes an option to purchase long-term maintenance support and another one to order additional systems to reach 500 MWh in total over a term of three years.

The maximum value of the possible orders is estimated USD 150 million (EUR 136m).

“With this partnership, our backlog grows to more than USD 200 million and is rapidly approaching 1 GWh. We continue to make real progress towards our USD 400 million booked order target for 2022 with a commercial opportunity pipeline of more than USD 4 billion,” said Balki Iyer, chief commercial officer of Eos.

Last month, Eos announced it plans to more than triple the capacity of its factory in Pennsylvania to 800 MWh by the end of the year amid growing demand for its zinc-based energy storage systems.

Bridgelink has more than 8 GW of renewable generation projects in development. It will use Eos’ batteries to support energy curtailment recapture and thus provide resilience to the local power grid overseen by the Electric Reliability Council of Texas (ERCOT).

(USD 1.0 = EUR 0.908)

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