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.
The US market is expected to be the largest source of revenue and driver of activity for Fluence in 2026, and a second battery cell deal with a domestic supplier is imminent.
Japan’s NGK Insulators has discontinued its sodium-sulfur (NAS) battery product line, with the exit of its partner, BASF, thought to have led to the final decision.