Zinc hybrid cathode battery and storage system maker Eos Energy Enterprises has reported its highest quarterly revenue to date alongside a narrowing gross margin loss.
In this US news roundup, Eos has received an advance on its DOE loan, FlexGen and Lighshift have partnered on 16 BESS projects, and Georgia Power has energised a 128MW BESS.
Nomad Power Solutions has announced that the US Department of Energy (DOE) Office of Electricity has authorised the advancement of an energy storage demonstration project in Vermont.
The US Department of Energy (DOE) has closed a US$489.4 million loan to Amanecer Puerto Rico, a subsidiary of developer Pattern Energy to support Puerto Rico’s electric grid.
Flow battery company Invinity Energy Systems has sold 43MWh of battery systems to utility Dairyland Power Cooperative for deployment across long duration energy storage (LDES) projects in the US Midwest.
Carl Coe, chief of staff at the US Department of Energy stated that the Department cares about “affordable, reliable, available energy, regardless of source.”
Developer Rye Development are partnering with Kentucky, US utility companies Louisville Gas and Electric (LG&E) and Kentucky Utilities (KU), on a 266MW/2,128MWh pumped hydro energy storage (PHES) project.
The US Department of Energy (DOE) has closed a US$26.5 billion loan package to two wholly owned subsidiaries of utility Southern Company, in Georgia and Alabama, US.
Virginia’s recently proposed legislation to significantly increase energy storage requirements coincides with unprecedented electricity demand growth in the state, largely driven by data centres.
US zinc battery storage manufacturer Eos Energy Enterprises has completed two financing transactions totalling over US$1 billion to strengthen its financial position and fund expansion.
