Zinc-based energy storage system provider, Eos Energy Enterprises, Inc. (Eos) has secured over 1 GWh in new orders and is expecting to exceed $400 million of net new orders this year.
The announcement came on the heels of Eos signing two significant orders last week with Bridgelink Commodities, LLC (Bridgelink) and a leading Northeast solar developer totaling 1.1 GWh of energy storage capacity to be delivered over the next three years.
Bridgelink increased its multi-year master supply agreement ("MSA") to 1 GWh for deliveries over the next three years with an incremental order value of $181 million for new project installations. In addition, Eos will manufacture a separate 40MWh order valued at $13 million for fourth quarter 2022 delivery," Eos stated in its official release.
Eos uses its propriety Znyth™ battery technology for front-of-meter grid installations and behind-the-meter industrial applications among other use cases. The zinc-powered batteries can be deployed as both standalone storage and paired with renewables on the electric grid in addition to being used in commercial and industrial facilities.
"We've built a strong working relationship with Eos and are proud to bring American-made technology to the ERCOT market in Texas," said Bull Flaherty, Managing Director at Bridgelink. "Eos' technology allows us the flexibility to meet the growing demand profile of ERCOT and bring more power to US consumers when needed."
In addition to the Bridgelink order, a 300 MWh MSA was signed with a leading Northeast solar developer for front-of-the-meter stand-alone storage and solar-plus-storage applications that will provide energy shifting and ancillary services with deliveries forecasted over the next three years.
"Over the past six months our opportunity pipeline increased to more than 20GWh, and we are excited to start seeing those opportunities convert into orders," said Joe Mastrangelo, CEO, Eos.
"These orders fit perfectly with our ongoing manufacturing capacity expansion which we began late last year. Growing our relationship with customers like Bridgelink demonstrates how our flexible technology allows our customers to serve a variety of use cases."
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