finance
Eos Energy Signs Supply Deal for 750 MWh Battery Storage in Europe
Eos Energy Enterprises entered a supply agreement with CAPAC Energy for 750 megawatt-hours of zinc-based battery storage systems. The deal covers Germany, Austria and Switzerland through 2031 and includes an option to expand to 2 gigawatt-hours.
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Eos Energy Enterprises Inc. signed a binding Master Supply Agreement with CAPAC Energy for 750 megawatt-hours of its zinc-based long-duration energy storage systems. Under the deal, CAPAC Energy becomes Eos's exclusive distribution partner in Germany, Austria and Switzerland through 2031. Purchase orders placed under the agreement will be added to Eos's reported backlog.
The partnership gives CAPAC Energy rights to scale the commitment up to 2 gigawatt-hours. CAPAC Energy develops and operates battery energy storage systems in Europe. Eos shares rose after the announcement while trading near recent lows.
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