Eos Energy Storage has signed an agreement to provide more than 1GWh of zinc battery storage systems across three south-west states in the US during the next 24 months.
The $250 million deal with renewable energy developer Hecate Energy will see Eos design, build and deploy its zinc-based battery solutions in Colorado, New Mexico, and Texas.
The projects will be a mix of standalone battery storage and storage paired with solar photovoltaics for renewable energy capacity.
Eos said the projects were indicative of the shifting dynamics of the energy storage market from shorter duration systems, to longer duration systems, which are better suited for improving overall grid resiliency and capacity-firming purposes.
Joe Mastrangelo, chief executive officer at Eos, said: “This agreement is further confirmation that major energy developers are increasingly searching for lower cost and competitive non-lithium options for major projects.”
Eos’ US-made zinc-based battery systems are designed specifically for the stationary storage market.
In September, Eos entered into a definitive merger agreement with BMRG, a publicly traded special purpose acquisition company, for a business combination that would result in Eos becoming a publicly listed company.
Upon closing of the transaction, the combined company will be renamed Eos Energy Enterprises, Inc.