‘Zinc hybrid cathode’ battery storage company Eos Energy Enterprises has signed a long-term supply and collaboration agreement with industrial chemicals group TETRA Technologies.
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.
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.
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.
Long-duration zinc battery energy storage system maker Eos Energy Enterprises’ order book, backlog and sales pipelines have greatly increased, but the company has also incurred significant costs as it puts in efforts to reach scale in manufacturing and deployments.
A project which will combine and then assess four different types of non-lithium technologies for long-durations of energy storage has been awarded a grant by the California Energy Commission (CEC).
Multinational utility Engie will install a 1MW / 4MWh Eos Energy Storage zinc hybrid cathode battery system in Brazil and is expected to “exercise the system to its operational boundaries”.
Solar PV paired with energy storage at scale could be provided to utilities at just US$0.10 per kilowatt hour, using advanced battery technology, one manufacturer has claimed.
