Former Secretary of Energy Steven Chu Among High-Profile Appointees
NEW YORK–(BUSINESS WIRE)–Eos Energy Storage (“Eos”) – pioneer of the safe, ultra-low cost Znyth® battery – today announced a number of appointments to the company’s Advisory Board. The advisors will lend strategic guidance as Eos transitions to become a customer-facing product company and will help to expand commercialization of Eos’ innovative energy storage technology globally and in markets beyond utilities –including commercial, industrial, and military applications.
Newly appointed Advisory Board members include:
- Steven Chu, former U.S. Secretary of Energy, American physicist and Nobel Laureate, and former Director of the Lawrence Berkley National Laboratory
- Jerry Yang, Founding Partner of AME Cloud Ventures, co-founder of Yahoo! Inc.
- Lawrence H. Summers, former U.S. Secretary of the Treasury, former Director of the U.S. National Economic Council, and currently Charles W. Eliot University Professor and President Emeritus of Harvard University
- General Wesley Clark, retired U.S. Army General and Commander of NATO
- James Kelly, former Senior Vice President of Transmission & Distribution at Southern California Edison, having responsibility for operation and maintenance of over 12,000 miles of transmission, 900 substations, and 100,000 miles of distribution lines spread across a 50,000-square-mile service area
With the support of this expert Advisory Board, Eos is now delivering safe, robust and cost-effective energy storage solutions to major utilities around the world and is quickly establishing itself as the global energy storage cost leader. The company’s core product –the Eos Aurora® 1000│4000 – is a 1MW|4 MWh DC battery system utilizing Eos’ aqueous, zinc hybrid cathode (Znyth) technology. The Eos Aurora is currently being sold at a volume price of $160 per usable kWh for the full DC system with performance guarantees providing up to 20 years of continuous operation with limited maintenance. Eos’ solution allows utilities to optimize capital allocation, increase utilization of grid infrastructure, and provide more reliable service to customers at lower cost.