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.

Eos announced its move to Pennsylvania, US, as well as agreements for energy storage projects with Talen Energy and MN8 Energy.

Zinc hybrid cathode battery and storage system maker Eos Energy has received its second loan advance from the US Department of Energy’s (DOE’s) Loan Programs Office (LPO).

Zinc hybrid cathode battery and storage system maker Eos has secured an order with Faraday Microgrids to deploy a 3MW/15MWh system on tribal land in California, US.

A news roundup focusing on Q1 financial results from Eos and Ormat with news of a rebrand from Hecate Grid, now Fullmark Energy.

The government of California has approved a US$42 million grant to Pennsylvania-based IPP International Electric Power (IEP) for a long-duration energy storage project at Marine Corps Base Camp Pendleton, in San Diego County.

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.

The four most high-profile energy storage system (ESS) companies that listed via SPAC mergers – Eos, Energy Vault, ESS Inc and Stem – have seen their share prices fall by an average of 80% since going public.

Zinc battery firm Eos Energy Enterprises saw reduced activity in Q2 as it transitioned to its Z3 product, while CEO Joe Mastrangelo discussed its backlog, the subject of a recent short-seller note.

Zinc battery firm Eos Energy Enterprises has responded to a short seller note which saw its share price nearly halve on Thursday last week.