The US Division of Vitality has closed a $303.5 million mortgage assure for Eos Vitality Enterprises Inc. (Eos) to construct two stationary battery manufacturing strains in Turtle Creek, Pennsylvania.
The 2 amenities, in accordance with the DOE, will produce sufficient Eos Z3, utility- and industrial-scale zinc-bromine battery power programs (BESS) to cowl the annual electrical energy wants of roughly 130,000 houses.
“Pending further LPO [Loan Programs Office] approvals and completion of an Environmental Evaluation pursuant to NEPA, two further strains in Duquesne, Pennsylvania, may be included as a part of the mortgage assure”, the DOE mentioned in an announcement.
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All 4 strains of the challenge are anticipated to fabricate 8 GWh of storage capability yearly by 2027, sufficient to offer electrical energy to over 300,000 common U.S. houses instantaneously or meet the annual electrical energy wants of roughly 130,000 houses if absolutely charged and discharged each day, the DOE mentioned.
At present’s power storage market is nascent however quickly rising and is dominated by lithium-ion and lithium-iron-phosphate battery applied sciences, which usually serve short-term period purposes (roughly 4 hours), the DOE mentioned. “Eos’s zinc-bromine Eos Z3 batteries present different battery chemistry to lithium-ion, lead-acid, sodium-sulfur, and vanadium redox chemistries for stationary battery storage purposes”, it mentioned.
The expertise is designed for long-duration grid-scale stationary battery storage. Eos batteries are non-flammable and don’t require energetic cooling to function, the DOE mentioned.
“The batteries can obtain 100% depth of discharge, don’t degrade based mostly on age, and are rated for six,000 cost/discharge cycles earlier than degradation. LPO financing will assist manufacturing Eos’s technology battery system, the Eos Z3, which is extra energy-dense and cost-efficient to provide than Eos’s earlier fashions”, the DOE mentioned.
In accordance with the DOE, Eos expects to supply almost 100% of the supplies for the Eos Z3 battery within the U.S., making the product extra resilient to market volatility and provide chain dangers.
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