๐ข ๐๐๐๐ ๐๐: $EOS Energy Enterprises(EOSE.US) Eos Receives First Order Under 2 GWh Agreement for Texas Redbird Project
๐ ๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:โค ๐๐จ๐ฌ received the first purchase order under a ๐ ๐๐๐ก capacity reservation agreement with FPUSA.โค Order supports the ๐๐๐๐๐ข๐ซ๐ project, a ๐๐๐ ๐๐ / ๐๐๐ ๐๐๐ก battery storage system in ERCOT.โค Redbird will deploy Eos' ๐๐โข technology for four-hour energy storage applications.โค FPUSA and affiliates acquired the project and will provide ๐๐๐% of construction equity.โค ๐๐ข๐ฆ๐๐ซ๐ ๐๐ง retains a minority economic interest and will support project execution.โค Redbird volume will count toward the existing ๐ ๐๐๐ก firm capacity reservation agreement.โค Eos said it has fulfilled nearly ๐๐% of a separate ๐ ๐๐๐ก Bridgelink supply agreement.โค The company reported an additional ๐๐ ๐๐๐ก development pipeline across major U.S. power markets.๐ ๐๐ก๐ฒ ๐๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฌ:โค Order converts reserved capacity into a funded ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ deployment.โค Redbird expands Eos' presence in the fast-growing ๐๐๐๐๐ storage market.โค Backing from FPUSA and Cerberus strengthens project ๐๐ข๐ง๐๐ง๐๐ข๐ง๐ and execution visibility.๐ ๐๐ฑ๐ฉ๐๐ซ๐ญ ๐๐ญ๐๐ญ๐๐ฆ๐๐ง๐ญ:โค "Redbird did not happen overnight. It came from years of working with Bimergen to move projects under active development toward execution. What FPUSA adds is the capital to turn opportunities into operating assets." โ ๐๐๐ญ๐ก๐๐ง ๐๐ซ๐จ๐๐ค๐๐ซ, Chief Commercial Officer of Eos.โค "We developed Redbird to address growing demand for dispatchable storage in ERCOT and selected Eos because Z3โข is purpose-built for the multi-hour applications the market requires." โ ๐๐จ๐ฅ๐ ๐๐จ๐ก๐ง๐ฌ๐จ๐ง, Co-Chief Executive Officer of Bimergen Energy.โค "The platform was created to bridge the gap between project development and execution." โ ๐๐๐ซ๐จ๐ง ๐๐๐๐ณ๐จ๐ง๐ข๐ฌ, Managing Director at Cerberus Capital Management.