Eos Energy secures order for 300 MWh of battery storage systems

New Jersey-based Eos Energy Enterprises Inc (NASDAQ:EOSE) announced on Wednesday that it has secured a commitment from US EPC specialist Blue Ridge Power to purchase 300 MWh of Eos energy storage systems over the next two years.

Eos, which develops zinc-based energy storage systems, will supply its proprietary Znyth technology for multiple projects in 2022 and 2023.

Installation is set to begin in the summer of 2022 at a site owned by developer Pine Gate Renewables, Eos said.

Pine Gate recently announced it had won a bid to build a 0.125-MW/0.5-MWh stand-alone storage system in Logan, Utah, and had hired Blue Ridge to install an Eos Znyth battery for the project.

Eos manufactures energy storage solutions with a duration of 3 to 12 hours. Its Znyth batteries are made using non-rare earth materials, and can be 100% recycled after their projected 20-year useful life.

“This win is the result of an effective and productive relationship that we cultivated with Pine Gate and Blue Ridge Power over time,” said Balki Iyer, chief commercial officer at Eos.

“They are true pioneers in the energy storage market who see the financial value, lifecycle benefits and social impact that Eos’ sustainable battery technology offers for the stationary storage industry and we are thankful for their confidence in Eos.”

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