“Zinc battery manufacturer Eos Energy Storage has signed an agreement to provide over 1 GWh of energy storage projects at an estimated value of more than $250 million to developer Hecate Energy.
Eos will design, manufacture, and deliver its zinc-based battery solutions to Hecate over the course of the next 24 months across Colorado, New Mexico and Texas. The projects are a mix of standalone battery storage and storage paired with solar PV for renewable energy capacity.
These projects are indicative of the shifting dynamics of the energy storage market from shorter duration systems, which are commonly used for quick response power (such as frequency regulation or peak shaving), to longer duration systems, which are much better suited for improving overall grid resiliency and capacity-firming purposes.”
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Pickerel, Kelly. Solar Power World 4 November 2020.