Energy Storage News•29 days ago
Eos completes financing transactions totalling over US$1 billion, focuses on US manufacturing
Key Takeaway
This substantial financing for Eos Energy signals a significant expansion of US-based zinc battery manufacturing, offering developers and large loads a strengthened, diversified, and potentially more accessible non-lithium storage option.
AI Summary
- •US zinc battery storage manufacturer Eos Energy Enterprises has secured over US$1 billion in financing.
- •The funding is earmarked to strengthen the company's financial position and support its expansion efforts.
- •A key focus of this expansion is on bolstering US manufacturing capabilities for zinc battery storage.
- •For developers and large power consumers, this signifies a potential increase in the availability and supply chain resilience of non-lithium battery storage solutions from a US-based OEM.
Topics
financingiraoemstorage