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Eos Energy Storage drives down costs on battery systems to below $100 per kWh

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Eos Energy Storage pioneer of the ultra-low cost Znyth battery has announced forward pricing for the Aurora battery at $95 per kWh for shipment in 2022.
Eos Energy Storage drives down costs on battery systems to below $100 per kWh

Eos is the first company to accept orders below $100 per usable kWh for a complete DC battery system including battery modules, battery management system, and outdoor-rated enclosure. The company’s price-cap guarantee ensures that future purchases will receive the lower contracted price or any future price for an equivalent volume purchased the same year. It is also offering up to 20-year performance guarantees at additional cost to optimise capacity under a wide range of applications and use cases.

“These price points correspond to a levelised cost of energy of approximately $50-60 per MWh for storage, roughly 30 percent lower than the lowest projected cost for any competing storage system” said Jim Hughes, Eos Chairman of the Board. “With these economics, Eos will become the default solution for new peaking capacity and will enable a dispatchable renewable energy product that outcompetes conventional power generation.”

The Eos Aurora is a best-fit utility-grade solution for multi-hour, high-throughput applications such as locational capacity, peak shaving, and renewable integration. integrates the company’s proprietary zinc hybrid cathode Znyth battery into an outdoor-rated, plug-and-play Energy Stack that enables rapid installation and reduces cost throughout the project lifecycle. According to Eos CEO Michael Oster, the company’s approach is aimed at providing a significant and sustainable cost advantage over lithium ion while delivering a battery that is inherently safer, longer life, lower maintenance, and more tolerant of extreme operating conditions.

The Eos Aurora has no moving parts and employs widely available materials and highly commoditised manufacturing equipment and processes. Eos recently announced a manufacturing and assembly partnership with NY-based Environment One Corporation (E/One). The two companies will be moving production to a dedicated facility in upstate New York, creating 80 high-tech jobs as the companies reach a production rate of 400 MWh per year in 2017. 

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Eos Energy Storage

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