Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the
“Company”), a leading provider of safe, scalable, efficient, and
sustainable zinc-based long duration energy storage systems, today
announced a new customer agreement with City Utilities (CU) to
provide 216 MWh of energy storage for two project sites in
Missouri.
“This new agreement with City Utilities
demonstrates a great partnership designed to deliver safe
technology to the citizens of Springfield, while achieving key
deliverables for the municipality. It also marks Eos’ largest
municipal order to date and our first in the state of Missouri,”
said Justin Vagnozzi, Senior Vice President of Global Sales. “Our
uniquely nonflammable battery energy storage system technology will
be an asset for CU as they expand their capabilities and leverage a
reliable, safe U.S.-made storage system to manage rising energy
demands.”
Eos will provide 216 MWh – 36 MW by six-hour
duration – to support City Utilities’ expansion goals and ability
to maintain planning reserve margin (PRM) of over 36% by 2026. The
project will utilize Eos’ Z3TM technology, one of the few
grid-scale, U.S. manufactured alternatives to lithium-ion, to
enhance CU’s energy storage capabilities, advancing its expansion
goals and strengthening reliable energy delivery to the community
it serves.
“We are fortunate to be in a position to expand
our power generation capabilities and our partnership with Eos to
supply battery energy storage is a key component to our success,”
said Warren Brooks, Vice President - Electric Operations of City
Utilities. “This is our largest investment to date in energy
storage and it was imperative we chose a partner we could trust to
deliver safe, reliable products to help us reach our long-term
goals.”
This landmark project marks a significant step
forward in Eos’ mission to deliver innovative, sustainable energy
storage solutions while expanding further into the municipal
customer segment.
City Utilities serves more than 120,000 electric
customers in Springfield Missouri.
About Eos Energy EnterprisesEos
Energy Enterprises, Inc. is accelerating the shift to clean energy
with positively ingenious solutions that transform how the world
stores power. Our breakthrough Znyth™ aqueous zinc battery was
designed to overcome the limitations of conventional lithium-ion
technology. It is safe, scalable, efficient, sustainable,
manufactured in the U.S., and the core of our innovative systems
that today provides utility, industrial, and commercial customers
with a proven, reliable energy storage alternative for 3 to 12-hour
applications. Eos was founded in 2008 and is headquartered in
Edison, New Jersey. For more information about Eos (NASDAQ: EOSE),
visit eose.com.
ContactsInvestors:
ir@eose.comMedia:
media@eose.com
Forward Looking Statements
Except for the historical information contained
herein, the matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to,
statements regarding our expected revenue, contribution margins,
orders backlog and opportunity pipeline for the fiscal year ended
December 31, 2024, our path to profitability and strategic outlook,
the tax credits available to our customers or to Eos pursuant to
the Inflation Reduction Act of 2022, the delayed draw term loan,
milestones thereunder and the anticipated use of proceeds
therefrom, the ability to draw under the delayed draw term loan,
statements regarding our ability to secure final approval of a loan
from the Department of Energy LPO, or our anticipated use of
proceeds from any loan facility provided by the US Department of
Energy, statements that refer to outlook, projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions. The words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intends,"
"may," "might," "plan," "possible," "potential," "predict,"
"project," "should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements are based on our management’s beliefs, as well as
assumptions made by, and information currently available to, them.
Because such statements are based on expectations as to future
financial and operating results and are not statements of fact,
actual results may differ materially from those projected.
Factors which may cause actual results to differ
materially from current expectations include, but are not limited
to: changes adversely affecting the business in which we are
engaged; our ability to forecast trends accurately; our ability to
generate cash, service indebtedness and incur additional
indebtedness; our ability to achieve the operational milestones on
the delayed draw term loan; our ability to raise financing in the
future, including the discretionary revolving facility from
Cerberus; our customers’ ability to secure project financing; the
amount of final tax credits available to our customers or to Eos
pursuant to the Inflation Reduction Act, uncertainties around our
ability to meet the applicable conditions precedent and secure
final approval of a loan, in a timely manner or at all from the
Department of Energy, Loan Programs Office, or the timing of
funding and the final size of any loan that is approved; the
possibility of a government shutdown while we work to meet the
applicable conditions precedent and finalize loan documents with
the U.S. Department of Energy Loan Programs Office or while we
await notice of a decision regarding the issuance of a loan from
the Department Energy Loan Programs Office; our ability to continue
to develop efficient manufacturing processes to scale and to
forecast related costs and efficiencies accurately; fluctuations in
our revenue and operating results; competition from existing or new
competitors; our ability to convert firm order backlog and pipeline
to revenue; risks associated with security breaches in our
information technology systems; risks related to legal proceedings
or claims; risks associated with evolving energy policies in the
United States and other countries and the potential costs of
regulatory compliance; risks associated with changes to the U.S.
trade environment; risks resulting from the impact of global
pandemics, including the novel coronavirus, Covid-19; our ability
to maintain the listing of our shares of common stock on NASDAQ;
our ability to grow our business and manage growth profitably,
maintain relationships with customers and suppliers and retain our
management and key employees; risks related to the adverse changes
in general economic conditions, including inflationary pressures
and increased interest rates; risk from supply chain disruptions
and other impacts of geopolitical conflict; changes in applicable
laws or regulations; the possibility that Eos may be adversely
affected by other economic, business, and/or competitive factors;
other factors beyond our control; risks related to adverse changes
in general economic conditions; and other risks and
uncertainties.
The forward-looking statements contained in this
press release are also subject to additional risks, uncertainties,
and factors, including those more fully described in the Company’s
most recent filings with the SEC, including the Company’s most
recent Annual Report on Form 10-K and subsequent reports on Forms
10-Q and 8-K. Further information on potential risks that could
affect actual results will be included in the subsequent periodic
and current reports and other filings that the Company makes with
the SEC from time to time. Moreover, the Company operates in a very
competitive and rapidly changing environment, and new risks and
uncertainties may emerge that could have an impact on the
forward-looking statements contained in this press release.
Forward-looking statements speak only as of the
date they are made. Readers are cautioned not to put undue reliance
on forward-looking statements, and, except as required by law, the
Company assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Eos Energy Enterprises (NASDAQ:EOSE)
過去 株価チャート
から 11 2024 まで 12 2024
Eos Energy Enterprises (NASDAQ:EOSE)
過去 株価チャート
から 12 2023 まで 12 2024