"We’ve been waiting 40 to 45 years" for something like this, said Turtle Creek Mayor Adam Forgie.
LPO's announcement of a conditional commitment to Eos Energy Enterprises, Inc. (Eos) for an up to $398.6 million U.S. Department of Energy (DOE) loan guarantee for the construction of four state-of-the-art manufacturing lines to produce next generation utility- and industrial-scale zinc bromine battery energy storage systems in Turtle Creek, Pennsylvania is generating headlines in the Keystone State and beyond!
Catch up below on some of the coverage of the Eos conditional commitment and read the official project announcement here: https://lnkd.in/gYMD4EPG
• Pittsburgh Post-Gazette: "‘A spark’: Battery maker Eos launches expansion — with a promise for 1,000 manufacturing jobs" https://lnkd.in/gyqie3jA
• Reuters: "Energy storage firm EOS nabs conditional loan guarantee of up to $400 million" https://lnkd.in/gK36hFdY
• Bloomberg Law: "US Battery Maker Secures $399 Million Energy Loan Guarantee" https://lnkd.in/gNVJJTNf
• POLITICO Pro: "DOE plans to offer nearly $400M loan for next-generation battery storage systems" https://lnkd.in/g5x3nkNH
• Canary Media: "Eos wins $400M DOE loan guarantee to build longer-lasting batteries" https://lnkd.in/gwZ_2YTj
• Utility Dive: "Eos Energy lands $400M DOE conditional loan guarantee for long-duration battery plant" https://lnkd.in/gzibmf8G
• Green Car Congress: "Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage" https://lnkd.in/gZdNhrBJ
LEARN MORE:
• What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ
• LPO's Title 17 Clean Energy Financing program: https://lnkd.in/gN2jDVbw
• LPO "Tech Talk" blog on the Energy Storage sector: https://lnkd.in/gg9PWGWK
• DOE’s Pathways to Commercial Liftoff report on Long-Duration Energy Storage: https://lnkd.in/gQ_82Eka
• LPO Tech Talk” blog on the Electric Grid: https://lnkd.in/g8RzecfT
• President Biden's "Investing in America" agenda: https://lnkd.in/gCFiWyzx
• Read about other recent project announcements on LPO's Blog: https://lnkd.in/g23s_Uk4