The US state of California is providing US$31 million for a long duration energy storage project combining vanadium flow and zinc-hybrid batteries, the first grant from a US$380 million package.

Eos Energy Enterprises has progressed to the due diligence stage in its application for a share of US$2.5 billion in US government loans.

Eos Energy Enterprises now has an order backlog worth US$457.3 million following a busy quarter for the US zinc-based battery storage solutions provider.

Eos Energy Enterprises’ leadership has claimed gross positive margins can be achieved in a year and a half. 

‘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).