Dec 6, 2016
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….
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.
Jun 28, 2016
PHILADELPHIA, PA–(Marketwired – Jun 28, 2016) – Viridity Energy, Inc., announced today that the U.S. Patent and Trademark Office has awarded it a patent for systems and methods used to generate an operating schedule for energy storage assets, such as batteries, used in connection with transportation systems, such as rail operations, and with electric vehicles. The patent reflects the value stacking capabilities of Viridity software, which maximizes the value of flexible load, energy assets and energy storage. It is the latest in a series of patents awarded to Viridity, including patents related to data center operations and battery/solar asset-combined operations.
The new patent addresses a variety of functions, including optimizing use of the storage asset to maximize the combined market revenue derived from integration of storage into regional markets…
May 12, 2016
PHILADELPHIA, PA–(Marketwired – May 12, 2016) – AltEnergy, LLC, an investment firm that identifies and develops early-stage opportunities in high-growth power and energy sub-sectors such as energy storage, demand response, demand management, high-voltage transmission, renewables and cybersecurity, announced today that it has closed on an $8.5 million investment in Viridity Energy, Inc., a leading demand response, demand management, and battery storage solutions provider.
Since its inception in 2009, Viridity Energy has been providing award-winning VPower™ demand response and demand management software technology and services, along with battery storage solutions.
Apr 27, 2016
Eos Energy Storage will demonstrate residential and commercial battery systems at the University of California San Diego, with the support of a $2 million award from the California Energy Commission.
Eos is partnering with global original equipment manufacturers to package, distribute, and support mass market products using the company’s Znyth battery technology.
Eos manufactures grid-scale battery solutions designed to support 4-hour locational capacity with levelized cost of energy. The company’s core product — the Aurora 1000│4000 — is a 1 MW | 4 MWh DC battery system which is now being sold at a volume price of $160 per usable kWh while supporting more than 5,000 full depth of discharge cycles or about 15 years of continuous operation. Utilities and developers are using the Aurora solution for peak shaving, frequency response and renewable integration.
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