Zinc hybrid cathode battery and storage system maker Eos expects 2025 revenues to be roughly ten times higher than last year’s.

Developer SMT Energy has secured a US$135 million funding for its 160MW/320MWh battery energy storage system (BESS) located in Houston, Texas.

System integrator FlexGen Power Systems has secured a revolving credit facility (RCF) of US$75 million with J.P. Morgan.

Eos Energy Enterprises has signed a joint development agreement (JDA) with FlexGen Power Systems to develop a fully integrated battery energy storage system (BESS) solution using Eos’ zinc batteries and Flexgen’s Energy Management System (EMS).

The Department of Energy’s (DOE) Loan Programs Office (LPO) has announced a conditional commitment for a loan of up to US$15 billion to California utility Pacific Gas & Electric Company (PG&E).

Another edition of our irregular news in brief feature: Eos Energy Enterprises closes a US Department of Energy loan deal, UBS picks an AI-driven asset optimiser and financial close for a solar-plus-storage project at an Arkansas steel rebar plant.

A flurry of news on DOE Loan Programs Office project loans could show a rush to get deals done before Trump’s administration takes office.

Eos, ESS Tech Inc and Energy Vault, the three big-name non-lithium energy storage firms that listed via SPAC deals, saw weak third quarter results.

International Electric Power is proposing a long-duration energy storage project on the Marine Corps Base Camp Pendleton, California utilising Eos Energy Enterprises’s zinc cathode battery technology.