The U.S. Department of Energy said it has closed a $303.5 million loan guarantee to Eos Energy Enterprises, a manufacturer of stationary zinc bromide systems, to build two new production lines at Turtle Creek, Pennsylvania, and possibly two additional lines to Turtle Creek, Pennsylvania. a new facility in Duquesne, Pa., expected to produce a total of 8 GWh of storage capacity annually by 2027.
The last two lines are in a new plant that is still awaiting other DOE approvals and the completion of a review of the National Environmental Policy Act.
In a statement, U.S. Energy Secretary Jennifer Granholm said the loan would strengthen energy security and continue to support manufacturing facilities being planned and funded under the CHIPS Act and the bipartisan infrastructure.
Growing market
according to Fortune Business InsightsThe US battery energy storage systems market is expected to reach an estimated value of $31.4 billion by 2032, driven by increased adoption of renewable energy and the need to improve the stability of the network
Providing an alternative to lithium ion, lead acid, sodium sulfur and vanadium redox chemistries for stationary battery storage, Eos zinc bromide batteries have the potential to withstand market volatility and supply chain risks compared to other technologies that rely on critical minerals sourced largely from the US, the DOE said.
Joe Mastrangelo, CEO of Eos, said the company decided five years ago to move manufacturing operations from China to the United States and helped establish a supply chain that relied primarily on domestically available materials. “The DOE loan provides capital to scale our operations to meet the growing demand for long-lasting, reliable energy storage solutions while supporting American manufacturing,” he said in a statement.
An Eos spokesman said the company plans to add capacity to its battery manufacturing operations using a phased approach, with an immediate focus on expanding the capacity of each current line at the Turtle Creek plant by 1.2 GWh to 2 GWh, with lines 3 and 4 housed at the Duquesne facility. .
However, the company is also sizing up a new facility that could accommodate all four lines, “allowing us to consolidate all of our manufacturing into one location in the future,” the spokesperson told ENR.
