Order culminates several years of successful collaboration and joint development work with International Electric Power and California Energy Commission

EDISON, N.J., Dec.  18, 2024  (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the "Company"), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, today announced a 400 MWh standalone storage order with International Electric Power ("IEP"). This marks the second agreement and third project with IEP, a leading developer in the energy space deploying multiple technologies, and builds on Eos' successful prior delivery of its battery systems to a Texas-based IEP project earlier this year.

The project, partially funded by the California Energy Commission's (CEC) Long Duration Energy Storage Program, is set to be deployed at Marine Corps Base Camp Pendleton in San Diego County with expected delivery to begin in 2025. This order, which is structured with a down payment, represents a significant milestone in the continued commitment to enhance grid resiliency and advance sustainable energy solutions within California.

"Our partnerships with IEP and the CEC are instrumental as we continue to scale and commercialize our Eos Z3 batteries," said Justin Vagnozzi, Senior Vice President of Global Sales at Eos Energy. "We are excited to play an important role in not only bringing utility-scale battery storage to Southern California, but also delivering critical resilience to the U.S. Navy and U.S. Marine Corps at a site that is vital to the United States' national defense."

"IEP and CEC are at the forefront of North American long-duration energy storage, and their partnership has been invaluable as Eos transitions into a profitable operating company. They recognize the need for multiple storage technologies and the energy security that an American made product provides," added Joe Mastrangelo, Eos Chief Executive Officer. "It's an honor to have been selected for such an important installation at Camp Pendleton."

The project will be powered by Eos Z3 Cubes, which are safe, non-flammable, and do not require cooling systems, resulting in reduced noise and lower operations costs. Eos continues to ramp up Z3 production on its newly commissioned state-of-the-art manufacturing line in Turtle Creek, Pennsylvania, supported by its predominantly U.S. supply chain.

"Eos' battery technology has been pivotal in our efforts to bring reliable, long-duration energy storage to market," added Peter Dailey, CEO of International Electric Power. "We're thrilled to continue to grow our partnership with Eos to meet our energy storage needs and look forward to provide the base with American technology and state of the art energy security."

This follows the recent 216 MWh order with City Utilities, showcasing Eos' growing presence in the energy storage market.

About Eos Energy Enterprises
Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

About International Electric Power
IEP is a technology agnostic, independent power producer which seeks to build, own and operate a portfolio of generation assets that offer investors attractive financial returns. IEP's core competencies in asset operations and optimization, energy market analysis and contracting, and project financing and deal execution, enables it to manage all aspects of a transaction.