Turtle Creek, Pa.-based Eos Energy Enterprises, Inc. announced recently it would invest $500 million into Project AMAZE (American Made Zinc Energy), an expansion program designed to scale up long-duration energy storage.
The planned expansion will build 8 GWh of clean energy storage production capacity, funded in part by a loan guarantee of $398.6 million from the U.S. Department of Energy’s Loan Programs Office (LPO), which, if finalized, is expected to cover 80 percent of the company’s planned Pennsylvania expansion. The project is part of Eos’ strategy to address increased long-duration energy storage demand, using its Eos Z3 energy storage system.
“Manufacturing has been in my family for generations,” Eos machine operator Bill Porter said. “We’re making things that matter and this is what modern manufacturing looks like.”
The company said the expansion would also expand the U.S. supply chain. In 2018, Eos brought its production and supply chain back to the U.S. from China and expanded the current facility would build on its investment in American manufacturing through increasing production of zinc-based energy storage systems, the company said.
The company’s American workforce is expected to grow from over 300 employees to nearly 1,000 upon completion of Project Amaze in 2026.
“We are excited to formally announce Project AMAZE. The (Inflation Reduction Act) implementation requires us to move with speed and urgency if the energy industry is going to meet the demand for long-duration energy storage,” said Joe Mastrangelo, CEO of Eos Energy Enterprises, Inc. “At such a crucial moment in our global energy transition, time is of the essence. On behalf of all Eos employees, we want to thank the LPO for giving us the opportunity to reach this important milestone. Project AMAZE should allow Eos to fully commercialize a safe American-made energy storage alternative aimed at creating a resilient, diversified lower carbon energy future.”