Eos Energy Storage secures $23M for grid-scale batteries

Eos Energy Storage announced a final closing of a $23 million Round C equity financing, supporting commercial launch of the company’s grid-scale battery technology. The round was led by AltEnergy, an energy technology and infrastructure investment firm. Other investors included OCI, NRG Energy (NYSE: NRG) and Fisher Brothers.

In January, Eos introduced its Aurora 1000|4000, a containerized 1MW/4MWh battery system, which will support renewable energy integration and peak demand reduction. To date, qualified pre-orders exceed 3,000MWh, with deliveries beginning next year.

Additionally, Eos developed the ZnythTM battery technology, which enables low-cost electricity storage.

Aurora systems are currently being tested with Con Edison of New York (NYSE: ED) and GDF SUEZ, and in the coming months with Pacific Gas & Electric (NYSE: PCG). Major utilities—including NRG, Exelon (NYSE: EXC), AEP (NYSE: AEP), Enel, and National Grid—have joined Eos’s Genesis program to support development, field testing, and commercial deployment of battery technologies.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...