Eos Energy Enterprises, Inc, a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, announced it has signed a Memorandum of Understanding (MOU) with Wabash, a world-class provider of advanced engineering and operational solutions for the transportation, logistics, and distribution industries. The proposed partnership would accelerate Eos’ ability to deliver large-scale battery energy storage systems (BESS) through Wabash’s manufacturing and supply chain expertise and national distribution network.
“Partnering with a powerhouse like Wabash has the potential to transform the market for American manufactured battery energy storage solutions,” said Eos’ Chief Executive Officer Joe Mastrangelo. “We believe this partnership would disrupt a historically inefficient and fragmented supply chain and transform it into a seamless, scalable, and highly integrated ecosystem. With Wabash, we would be able to more efficiently scale our operations and offer customers unmatched reliability and performance, while breaking the boundaries of what is available at the system level today.”
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Brent Yeagy, President and Chief Executive Officer of Wabash, added: “The opportunity with Eos allows us to utilize our strengths in operations, strategic sourcing, manufacturing system design, and logistics to help drive innovation in the energy storage market. By streamlining Eos’ supply chain and leveraging our network and operational expertise, we can provide Eos with critical scale and support to match surging market demand for advanced battery storage technologies.”
According to Wood Mackenzie Power & Renewables, U.S. energy storage deployments are projected to reach 251 GWh over the next four years, on average 2x the current rate of deployments , driven primarily by large utility-scale projects. With Eos’ ZnythTM technology at the core of its Z3 battery module and Wabash’s robust logistical support and infrastructure, the proposed partnership is expected to significantly scale BESS manufacturing to meet growing industry demand for world-class, fully integrated, and cost-effective energy storage solutions.
The non-binding MOU outlines a strategic framework for developing a potential partnership focused on streamlining supply chain processes, while deploying advanced operational capabilities that are designed to significantly improve the Eos’ systems footprint density.
SOURCE: GlobeNewswire