Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — BofA Battery and Storage Conference 2021
17 slides from Eos Energy Enterprises's conference presentation, Jan 19, 2021
Slide 1: Eos Energy Enterprises BofA Battery and Storage Conference
Eos Energy Enterprises BofA Battery and Storage Conference Joe Mastrangelo - CEO January 19, 2021
Slide 2: Disclaimer
Disclaimer 2 This presentation does not purport to contain all of the information that may be required to evaluate a possible investment decision with respect to Eos Energy Enterprises, Inc. (“Eos”). The recipient agrees and acknowledges that this presentation is not intended to form the basis of an
Slide 3: Clean energy storage that defies convention
Clean energy storage that defies convention • Founded in 2008, 120+ team members • Technology optimized for 4+ hour storage • Zinc electrolyte-based chemistry; No rare earth minerals required • Fully recyclable, non-flammable, and non-toxic • Designed and manufactured in America • 227 patents pendin
Slide 4: How do we fit?
How do we fit? January 18, 20214
Slide 5: The energy sector rapidly transforming
5 The energy sector rapidly transforming Demand 770MM 3% ~2X USA 13 NYC worlds population lacks electricity YoY global electricity demand growth Decarbonize 64% 90% Global electricity From non-renewables 4X USA Worldwide renewable new capacity additions ~2X-1) USA Waste 15GWh 100TWh Worth of generat
Slide 6: Energy storage growing while moving to longer duration
Phase 1: 2010 – 20152010 - 2015 2020 - 20302015 - 2020 6 Energy storage growing while moving to longer duration. ~0 1 GWh 20 GWh 200 GWh 740 GWh Median duration: 1 hour Global Storage Cumulative Deployments Median duration: 2 hour Median duration: 4+ hour Frequency Regulation Demand Management Energ
Slide 7: Eos Focus: Multiple use cases requires new technologies
Eos Focus 7 Multiple use cases requires new technologies • High durability & safety • Wide operating range • Lower Power density & RTE • Long discharge duration • Lower power density • Complex high pressure pump systems • High power density & RTE • Limited Operating range • Complex HVAC & Fire Suppr
Slide 8: Levelized cost of storage
8 Levelized cost of storage Improved performance resulting in ~30% reduction in levelized cost of storage ~6.9⍧ ~5.1⍧ EosLithium-Ion FACTORS IMPACTING LEVELIZED COST OF STORAGE: Capital Costs Operating Costs Product Life System Efficiency • Product Costs • System Size • Maintenance Costs • Parasitic
Slide 9: Are we ready?
Are we ready? January 18, 20219
Slide 10: Anatomy of a GreenTech Start-Up
Anatomy of a GreenTech Start-Up…$195MM Invested 10 2016 - 2017 20202008 - 2015 2018 - 2019 $55MM Invested $60MM Invested $50MM Invested $30MM Invested 58 Patents Filed 111 Patents Filed 57 Patents Filed 1 Patents Filed Battery Chemistry Product Development Prototype Manufacturing Positioning to Scal
Slide 11: Delivered in a challenging environment: 2020 in review
11 Delivered in a challenging environment 2020 in review We built Hi-Power In-partnership with Holtec International Factory up and running in 7 months We integrated supply chain Higher quality, more consistent raw materials Established strategic supplier relationships We grew backlog $16MM in booked
Slide 12: Extensive testing & field operations validate performance
Extensive testing & field operations validate performance 12 ONE OF THE LARGEST BATTERY TESTING FACILITY IN THE US – BASED IN EDISON, N.J. • 1200 programmable lab cell channels • 60 programmable battery module channels • 4 Energy block systems-ready test bay • 3 temperature plus 1 environmental cham
Slide 13: Can we deliver?
Can we deliver? January 18, 202113
Slide 14: Current Commercial Pipeline
14 Current Commercial Pipeline. 130+ potential customer projects engaged Lead Generation Technical Proposal Non-Binding Quote Firm Quote Booked Order 1 mo. – 2 mo. 2 mo. – 3 mo. 1 mo. – 3 mo. 2 mo. – 3 mo. $1.1B 6GWh $0.8B 5GWh $2.2B 12GWh $655M 4GWh $16M 62MWh LOI / Firm Commitments • Clear Project
Slide 15: Created HI-POWER to Deliver a 'Made in USA' Product
Created HI-POWER to Deliver a ’Made in USA’ Product. 15 IN JOINT VENTURE PARTNERSHIP WITH HOLTEC • Eos’ highly scalable manufacturing platform can be localized anywhere in the world • <$30m Capex required to build one GWh facility in <12 months for less than ~$30m. • 180 days to roll out a new produ
Slide 16: Clear roadmap to achieve 60% product cost out
Clear roadmap to achieve 60% product cost out in 3 years. 16 • Strategic Supply Agreements in place In-Place/Ongoing - Pricing for different volume tiers - Preferred Vendors relationships • Product Cost Out: 12 - 24months - Material Substitution - Smaller battery; Higher power density • Manufacturin
Slide 17: Summary
Summary 17 • How do we fit? ⁃ Long Duration Storage - $160B opportunity ⁃ Competitive Total Cost of Ownership - LCOS • Are we ready? ⁃ Extensively Tested Technology- nearly 1 million cycles ⁃ Currently Building Systems - clear cost-out & capacity plan • Can we deliver? ⁃ Proven Leadership Team - bui
Eos Energy Enterprises — BofA Battery and Storage Conference 2021 on 6ix