Western Interconnect Announces Open Season for Transmission Service Rights on the Western Interconnect Project

Western Interconnect Announces Open Season for Transmission Service Rights on the Western Interconnect Project

Oct 17, 2016

SAN FRANCISCO, CA–(Marketwired – Oct 17, 2016) – Western Interconnect LLC (“WI”) launched on October 3, 2016, an Open Season process to allocate up to 603 MW of transmission rights on its proposed transmission line in New Mexico. Through this Open Season, WI will solicit Transmission Service Requests (“TSR”) from parties willing to acquire firm transmission service rights at the same rates, terms and conditions as offered to anchor customers on the line. The TSR submission window will conclude on November 11, 2016. Interested parties can access the WI Open Season website (www.WesternInterconnect-os.com), which contains additional information about the project and the Open Season process.

Eos Energy Storage Raises $23M to Scale Up Zinc-Based Grid Battery Production

Eos Energy Storage Raises $23M to Scale Up Zinc-Based Grid Battery Production

Oct 19, 2016

Eos Energy Storage, the startup that’s attracted utility interest from around the world in its low-cost, zinc-based batteries, is raising money to build more of them, and to get those units out in the field. Deployments are needed to prove the company’s bold claims of multi-hour, long-lasting energy storage at a cost of $160 per kilowatt-hour.

On Tuesday, Eos announced the initial closing of a sale in a private placement of approximately $23 million. The New York-based startup previously raised $23 million in May 2015 in a round led by AltEnergy, and about $27 million in two previous funding rounds from investors including OCI, NRG Energy and Fisher Brothers.