Eos Energy Enterprises, a leading provider of zinc-based energy storage solutions, has secured a $20 million order to supply their solutions for California; the company announced this Monday.
The order, to be supplied for developer, owner and operator EnerSmart, contemplates at least 90 megawatts-hour, and as much as 180 MGh, of energy storage solutions for the next 24 months.
Projects will be powered by Eos’ Znyth technology for multiple locations in California. It is intended to enhance renewable energy utilization all along the state’s electric grid.
This technology is “designed to provide continuous power upon installation and is anticipated to have a useful life of 20 years,” as the Eos Energy statement reads. It was developed in Edison, New Jersey, and has proven to be safe across sectors, and in a wide range of operating conditions.
First of these projects contemplates around 9MWh of storage capacity in El Cajon, for California’s Independent Grid Operator installation. The project is valued at $2 million and it’s expected to become operational around the fourth quarter of 2021.
Recommended for you: Fluence to receive $124M of private investment from Qatar
Leading technology from Eos Energy
About the agreement, Balki Iyer, Chief Commercial Officer of Eos, said: “We are very excited and believe that this agreement will expand our installed base and continue to show the demand for longer duration storage.”
“We look forward to working with EnerSmart to bring innovative technology designed to make a long-term positive impact on California’s power grid,” he concluded; to what Marc La Magna, Co-founder and Managing Partner at EnerSmart, added: “we expand our portfolio of utility scale energy projects in key markets; we rely on technology that can provide safe, reliable storage at an attractive cost.”
“Eos Energy’s technology is designed to address these areas; they share our passion and optimism that energy storage and renewable energy projects will continue to be widely adopted in California and around the country,” he concluded.
With these orders securement, the biggest in Eos’ history, the company becomes a key player in the U.S.; it helps the achievement of energy transition efforts, emanated from the Paris Agreement and the climate change fight.
With its Znyth technology, designed precisely to overcome the limitations of lithium-ion based batteries, it can provide safe, scalable, efficient and sustainable solutions for the U.S. market.
