Zinc battery storage company Eos Energy Enterprises has received positive news from the US Department of Energy (DOE) regarding a US$398.6 million loan.
Just over a year ago, the passing of the Inflation Reduction Act brought in what has been considered the biggest legislative action on climate seen in the US.
European gigafactory firm Northvolt has started producing battery energy storage systems (BESS) at its Northvolt Dwa facility in Poland, while also securing a US$1.2 billion convertible note.
Since the Inflation Reduction Act, US$270 billion of US clean energy investment has been announced while downstream projects in development have hit 185GW – 80% and 92% higher than four months ago.
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.
Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.
