Testing and validation of Eos’ 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.
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.
