Mentioned:
Eos Energy is brining their battery business to Germany next. And they’ve just struck a new exclusive distribution deal to do it.
What’s happening:
- Eos Energy (NASDAQ: EOSE) has struck a new exclusive distribution deal with energy infrastructure company CAPAC Energy to deploy their Indensity long duration battery storage systems in Germany
Why it matters:
- This is the first international commercial deal that Eos Energy has ever done for their Indensity long duration battery storage systems
Going deeper:
- CAPAC Energy has committed to deploy 750 megawatt hours of Eos Energy’s Indensity long duration battery storage systems throughout Germany, Austria and Switzerland as part of their exclusive distribution deal
- Eos Energy and Cerberus Capital Management recently made major waves when they formed a new independent company and investment platform for long duration energy storage known as Frontier Power USA with a $100M USD anchor investment from Cerberus Capital Management
