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.
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.
The US Department of Energy (DOE) will guarantee a loan from U.S. Bancorp Impact Finance for a project pairing 15MW of solar PV with 70MWh of long-duration energy storage (LDES) on Tribal Lands in California.
System integrator Stem Inc has received a warning from regulators over its NYSE listing, while zinc battery technology firm Eos Energy Enterprises completed the first milestones related to private equity firm Cerberus’ investment.
Energy storage technology firms Eos and Energy Vault have both released their Q2 results, with contrasting figures but both still having a long way to go to scale up and reach profitability.
US zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises has agreed a financing package with private equity firm Cerberus, comprised of separate loan and revolver facilities totalling US$315 million.
