Eos offers forward pricing under $100 per kWh for ESS to be delivered in 2022

Written By: Stratton Report
April 18, 2017

Eos

On April 18, Eos Energy Storage announced that the company is taking orders today for volume purchases at a price of $160 per usable kWh for shipment in 2017 and $95 per usable kWh for shipment in 2022.

Eos claims the honor of being the first company to accept orders below $100 per usable kWh for a complete DC battery system including battery modules, battery management system, and outdoor-rated enclosure.

Eos stressed that its price-cap guarantee will allow future purchases to receive the lower of the contracted price or any future price for an equivalent volume purchased the same year. The company is also offering up to 20-year performance guarantees at additional cost to optimize capacity under a wide range of applications and use cases.

Jim Hughes, Eos Chairman of the Board noted:

These price points correspond to a levelized cost of energy of approximately $50-60 per MWh for storage, roughly 30% lower than the lowest projected cost for any competing storage system. With these economics, Eos will become the default solution for new peaking capacity and will enable a dispatchable renewable energy product that outcompetes conventional power generation.

The firm emphasized that its ESS can provide solutions for multi-hour, high-throughput applications such as locational capacity, peak shaving, and renewable integration.

Eos also pointed out that it partners with major integrators through its Aegis™ program to provide power conversion and controls, grid connection, and installation services as well as maintenance and warranty administration over the life of the project, recently announcing partnerships with Siemens and Northern Power Systems to deliver fully-integrated energy storage solutions.

Eos CEO Michael Oster remarked: “In a world of rapidly declining cost, Eos is able to maintain its leadership position through technology advantage and rigorous focus on total cost of ownership for the customer. From the bill of materials to the manufacturing process and simplified installation strategy, Eos is taking a fundamentally different approach—one that gives us a significant and sustainable cost advantage over lithium ion while delivering a battery that is inherently safer, longer life, lower maintenance, and more tolerant of extreme operating conditions.”