U.S. Department of Energy commits $398.6M to battery project

© Shutterstock

The U.S. Department of Energy recently committed to issue Eos Energy Enterprises a $398.6 million loan to support the construction and production of next-generation battery systems at its facility in Turtle Creek.

Eos’ Project AMAZE will scale up production of Eos Z3 zinc-bromine batteries. The company will purchase primarily domestically sourced materials using the loan. The company’s goal is to transition to 100 percent U.S.-sourced material by 2026.

The project is expected to create 50 union jobs during construction and as many as 650 operations positions when at full operational capacity.

“Pennsylvania has powered our Nation for generations, so it’s no surprise that workers in the Mon Valley are going to lead the way on clean energy storage production,” U.S. Sen. Bob Casey (D-PA) said. “When we passed the Inflation Reduction Act, this is the kind of project we had in mind. It’s not only an investment in cutting edge technology, but also in Pennsylvania workers.”

The Inflation Reduction Act created new tax credits to spur advanced manufacturing investments, particularly in clean energy sectors, by investing in domestic manufacturing.

Casey fought for a domestic content tax credit for companies that use American-made materials to manufacture goods.

Eos cited Casey’s credit for why it is pursuing the project.