Eos Energy Storage and Siemens Launch Industry-Leading Battery Storage Solutions
NEW YORK, January 24, 2017 – Eos Energy Storage (“Eos”) – pioneer of the safe, ultra-low cost Znyth® battery technology – today announced a partnership with Siemens to integrate, install and service energy storage solutions.
“Working with such an established energy industry leader like Siemens is an exciting step for us and the energy storage industry,” said Eos CEO Michael Oster. “By combining Eos’ cost and performance advantage with Siemens’ capabilities in system integration and project execution, we are able to offer solutions that reduce risk and complexity for the customer while setting a new benchmark for energy storage reliability and cost-effectiveness.”
The Eos Aurora® 1000│4000—a 1MW|4MWh DC battery system—is being sold today at $160 per usable kWh for the full DC system with performance guarantees supporting up to 20 years of continuous operation with minimal maintenance. Eos packages its patented Znyth® technology in a modular, pre-integrated, outdoor-rated enclosure called the Energy StackTM.
Leveraging this novel design, Eos and Siemens have jointly productized an energy storage system including AC power conversion and controls that enables modular installation and ease of maintenance, lowering cost throughout the project development cycle. This joint product offers utilities an economic alternative to conventional system upgrades, renewable energy developers a means of dispatchable hybrid power, and commercial customers load management savings paired with enhanced power quality and reliability.
“Our goal is to standardize and productize energy storage projects with focus on reliability and return on investment for the customer,” said Siemens VP Brian Dula. “This process starts with modeling and analytics to optimally size the energy storage asset and carries all the way through project implementation and performance guarantees. By offering a solution with supporting services, Siemens will help customers realize the full benefits of the Eos Aurora battery.”
Together, Siemens and Eos are able to offer energy storage solutions for a broad range of grid-connected and off-grid markets. Collaborative testing and product validation is setting the stage for MW-scale installations in the first half of 2017—including a California Energy Commission funded project with Pacific Gas & Electric (PG&E), demonstration of a behind-the-meter, commercial and industrial product at the University of California at San Diego, and a first-ever utility microgrid installation combining the Eos Aurora with on-site solar and diesel generation.
Eos is proud to formalize Siemens’ entry into the Aegis Program for system integration partners. Under Aegis, Eos works with industry-leading providers of power conversion and controls to integrate the Eos Aurora DC System into a standardized, AC product supported by installation, maintenance and warranty services.
About Eos Energy Storage
Eos’ mission is to deliver energy storage solutions that enable safe, reliable, and affordable electricity for utilities and their customers. Eos produces a long-life, inherently safe, and easy-to-install DC battery system designed for grid-connected as well as commercial and industrial markets. The Eos Aurora® is the lowest cost and highest performance energy storage system designed to optimize grid infrastructure, enhance reliability, and to reduce costs associated with peak demand. Eos is located in Edison, NJ, and New York, NY; For more information, please visit www.eosenergystorage.com.
About Siemens Corporation
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. Siemens is using its global leadership in engineering and technology innovation to meet America’s toughest challenges. From efficient power generation to digital factories, from wellhead to thermostat, and from medical diagnostics to locomotives and light rail vehicles, Siemens in the United States delivers solutions for industry, hospitals, utilities, cities and manufacturers. Siemens’ next-generation software is used in every phase of product development, enabling manufacturers to optimize and customize equipment that touches American lives every day. Siemens has been in the U.S. for more than 160 years and it is now the company’s largest market. Over the past years, Siemens has also invested more than $35 billion in America. With 343,000 employees in 190 countries, Siemens reported worldwide revenue of approximately $98 billion in fiscal 2014. Siemens in the U.S. reported revenue of $22.2 billion, including $5.2 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico. Siemens is home to more than 75 manufacturing sites in the U.S. Siemens invests more than $1 billion in R&D annually and more than $50 million in job training programs.
For Siemens, the U.S. is not only the largest market by far, but it is also an extremely vital production location, one of the most important research centers, and a key base from which Siemens exports globally. Further information is available at www.siemens.com.
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