The Department of Energy is investing $500 million in zinc-bromine battery manufacturing.
, Eos’s semi-autonomous facility in Pennsylvania currently produces around 540 megawatt-hours annually, although it doesn’t operate at full capacity. The DOE’s
loan—disbursed only after certain financial, technical, and other operating stipulations are met—could boost the Eos’ factory towards full-power.“Today’s energy storage market is nascent but rapidly growing and is dominated by lithium-ion and lithium iron phosphate battery technologies, which typically serve short-term duration applications ,” the DOE explained in its.
The DOE also notes that “over time,” Eos expects to source almost all of its materials within the US, thus better insulating its product against the market volatility and supply chain issues. While the DOE previously issued similar loans to
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