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Eos and Hecate ink energy storage deal

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Eos Energy Storage has signed an agreement to provide over 1 GWh of energy storage projects at an estimated value of more than $250 million to Hecate Energy.

Eos will design, manufacture, and deliver its zinc-based battery solutions to Hecate over the course of the next 24 months across Colorado, New Mexico, and Texas.

The projects are a mix of standalone battery storage and storage paired with solar photovoltaics (PV) for renewable energy capacity.

“We are excited to be working with a top-tier developer like Hecate. During the last 18 months, we have been intensely focused on operationalizing our company and bringing our low-cost, nontoxic, nonflammable, zinc-based battery solutions to the marketplace. The investment in our state-of-the-art manufacturing facility in Pittsburgh, PA is paying dividends as we are processing battery orders from customers all over the world. This agreement with Hecate is another significant milestone in our company’s tremendous growth and, importantly, it’s further confirmation that major energy developers are increasingly searching for lower cost and competitive non-lithium options like ours for major projects. Our tangible pipeline has grown by over 70 percent in the last several months and we look forward to continuing this positive commercial momentum.”

Joe Mastrangelo, chief executive officer at Eos.

“Hecate is thrilled to work with Eos. Eos’ technology is a great fit for the longer-duration application requirements of these projects, and we’re excited by the ability of Eos’ solutions to flexibly operate across a range of use cases that are front and center in the energy industry.”

Fazli Qadir, chief technology officer of Hecate Energy.
Anela Dokso

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