‘Zinc hybrid cathode’ battery storage company Eos Energy Enterprises has signed a long-term supply and collaboration agreement with industrial chemicals group TETRA Technologies.
ESS Inc’s recent special purpose acquisition company (SPAC) merger, which listed the iron flow battery manufacturer’s shares and warrants on the New York Stock Exchange, has raised US$246 million cash.
US$137.4 million worth of customer orders have been booked so far this year by Eos Energy Enterprises and the zinc hybrid cathode battery storage company said that figure could reach US$300 million by the end of 2021.
A new joint venture (JV) is evaluating building battery cell gigafactories in the US, based on advanced lithium-ion technologies, formed by investor Koch Strategic Platforms and manufacturer FREYR Battery.
Eos Energy Enterprises, the NASDAQ-listed US manufacturer of zinc-based battery storage technology, has secured an equipment financing deal that will aid its efforts to increase manufacturing capacity.
US$100 million has been invested into North American lithium-ion battery recycling specialist Li-Cycle by a venture capital (VC) subsidiary of fossil fuels industry giant Koch Industries.
Energy Vault has become the latest startup with a novel, non-lithium battery energy storage technology to attract significant investment, raising US$100 million through a Series C funding round.
Eos Energy Enterprises has a total order backlog for its zinc battery-based energy storage of 389MWh, worth nearly US$100 million, but expects to only be able to recognise US$5 million in revenues for 2021.
