1. Eos Raising $25M to Build Megawatts of Low-Cost Zinc Batteries for the Grid

    Eos Raising $25M to Build Megawatts of Low-Cost Zinc Batteries for the Grid

    Eos Energy Storage has raised the first $15 million of a planned $25 million in funding, meant to scale up manufacturing of its hybrid zinc cathode, aqueous electrolyte-based battery that could break the price barrier for grid-scale, multi-hour energy storage. The New York-based startup announced Monday that it expects to raise $15 million from a private placement with previous investor AltEnergy LLC, and raise an additional $10 million with accredited investors this quarter to reach its $25 million target. Eos has previously raised about $27 million in two funding rounds from investors including AltEnergy, NRG Energy and Fisher Brothers. 

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