Business
Eos Energy Enterprises Selected as Finalist in Energy Category of Fast Company’s 2021 World Changing Ideas Awards
The 5th annual awards honor the products, concepts, companies, policies, and designs that are pursuing innovation for the good of society and the planet.
About this update from Eos Energy Enterprises, Inc.
[{"type":"text","content":"The 5th annual awards honor the products, concepts, companies, policies, and designs that are pursuing innovation for the good of society and the planet.\nEDISON, N.J., May 04, 2021 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced it has been named a Finalist in the energy category of Fast Company’s 2021 World Changing Ideas Awards. The Awards honor the businesses, policies, projects, and concepts that are actively engaged and deeply committed to pursuing innovation when it comes to solving health and climate crises, social injustice, or economic inequality. Eos also received Honorable Mention in the Best World Changing Ideas North America category. “This recognition is a testament to the commitment of our team and our positively ingenious approach to solving the world’s energy challenges,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Our technology powers remote communities, brings resilience to the grid during natural disasters, and provides a means to decarbonize our energy ecosystem. We are truly changing the world by using American ingenuity to power a more positive future.” Eos was selected for its EnergyBlock (now called Eos Cube) with Znyth® technology, a proven zinc-based energy storage system that has been perfected over more than a decade and was first manufactured for commercial application in November of 2020 at Eos’s facility in Pittsburgh, PA. The EnergyBlock system was designed with a “less is more” philosophy, resulting in a significant overall reduction in levelized cost of storage and a revolutionary product: It is safe: the underlying chemistry is non-toxic, nonflammable, free of thermal runaway risk, and can harmlessly ship, store, and install without a charge. It is scalable: Eos uses “off-the-shelf” components, with no precious or conflict materials, a simple manufacturing process, and a modular design that allows for easily tailored customer configurations. It is efficient: it performs across extreme temperatures without the need for complex, costly HVAC systems, has flexible charge and discharge rates, and is designed for 100% depth of discharge. It is sustainable: it has a 20+ year lifespan with extremely low annual degradation, and when at end of life, al...