Eos Energy Enterprises has secured a loan guarantee of $303.5 million from the U.S. Department of Energy (DOE) for its zinc hybrid cathode battery storage manufacturing initiatives.
Eos has shifted its supply chain to source around 90% domestically and is the first recipient of a DOE Title 17 Clean Energy Financing Program agreement.
Despite reporting a net loss in Q4 2024, Eos remains transparent about its path to profitability, which relies on scaling up and automating its manufacturing processes.
UBS Asset Management has chosen Avathon's AI platform to enhance the performance management of its Texas battery storage portfolio.
The platform will optimize a four-project portfolio with a total output of 730MW in the ERCOT market.
The AI technology will allow UBS to focus on operations and asset management tasks that enhance the profitability of its commercial battery storage investments.
UBS had secured financing for this portfolio from Deutsche Bank and First Citizens Bank.
A solar-plus-storage project led by startup Hybar is set to directly supply renewable electricity to a steel rebar mill in Osceola, Arkansas.
The project involves a 105MW solar photovoltaic installation paired with a 160MWh battery energy storage system.
It aims to provide approximately 40% of the mill's annual power consumption and is financed by GCP, with contributions from KfW IPEX-Bank and the Arkansas Teacher Retirement System.
The project is the first of its kind in the industry and is currently under construction, with completion expected in 2025.