Eos Energy Storage Showcases Novel Battery Technology at Grand Opening of New York’s BEST Test and Commercialization Center

Business Wire

Eos Energy Storage Showcases Novel Battery Technology at Grand Opening of New York’s BEST Test and Commercialization Center

April 30, 2014 04:14 PM Eastern Daylight Time

NEW YORK–(BUSINESS WIRE)–Eos Energy Storage today showcased its novel zinc hybrid cathode (ZnythTM) battery at the grand opening of the BEST Test and Commercialization Center in Rochester, New York. Eos is among the first companies to deliver a system to the Center for testing—a key step towards commercialization of its 1MW/6MWh Aurora energy storage solution.

“We are proud that Eos is among the global leaders in energy storage technology research, development and manufacturing that call New York home”

“The opening of the BEST Test and Commercialization Center solidifies New York’s position as one of the most important and fastest growing markets for grid-scale energy storage,” said Eos President Steve Hellman. “Eos is excited to be part of a vibrant energy storage ecosystem that includes the experience and technical capabilities of DNV GL, the effective advocacy of the New York Battery and Energy Storage Technology Consortium (NY-BEST), and the continuous support of NYSERDA.”

Testing and validation of Eos’s battery system at the BEST Center is supported by a $1 million award from the New York State Energy Research and Development Authority (NYSERDA), which is also helping Eos to accelerate its manufacturing scale-up with Ithaca, New York-based Incodema Group. Eos’s low-cost, long-life, safe, energy-dense battery will reduce customer and utility energy costs while improving grid resiliency and enabling the integration of more renewable energy on the grid.

“We are proud that Eos is among the global leaders in energy storage technology research, development and manufacturing that call New York home,” said Dr. William Acker, Executive Director of NY-BEST. “By addressing a need that currently exists in the product development process for batteries and energy storage technologies, the BEST Test and Commercialization Center will serve as a magnet to attract and grow the energy storage industry here in New York State.”

Following testing at the Center, Eos is planning to install its Aurora energy storage system at a Con Edison facility in New York in mid-2014. The project will demonstrate the value of distributed energy storage in reducing costs associated with construction of new generation, transmission, and distribution infrastructure required to serve peak electricity demand.

Demonstration of the technology with Con Edison sets the stage for additional pilot projects with Eos’s other utility partners under the company’s Genesis program. They include NRG, American Electric Power, National Grid, GDF Suez, Enel and others. After closing its Series B capital raise in 2013 with NRG Ventures and Fisher Brothers as lead investors, Eos is now raising its Series C to support further scale-up of manufacturing and broader commercial availability of its products in 2016.

About Eos Energy Storage

Eos is developing a low-cost energy storage solution for electric utilities, with additional applications in commercial and industrial, telecom, and residential markets. Eos’s mission is to produce safe, robust, cost-effective energy storage solutions that are less expensive than incumbent alternatives, such as gas turbines for power generation. Eos is located in Edison, NJ, and New York, NY. More information is available at www.eosenergystorage.com.

 

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