The Aurora system employs Eos's safe, low-cost zinc hybrid cathode (Znyth™) battery technology and is designed to enhance renewable energy generation, increase the grid's efficiency and resiliency, and reduce utilities' costs and consumers' electricity bills. The compact modular design of both the battery pack and power converter is uniquely suited for office buildings and facilities with space-constrained environments.
"We have successfully tested
Eos's low-cost Aurora battery system is designed specifically to meet the requirements of the grid-scale energy storage market. With many hours of discharge capability, immediate response time, and modular construction, the Aurora system may be scaled and configured to maximize profitability in utility, commercial and industrial, and residential market segments.
"We are pleased to support the innovative work by Eos and to be selected for the pilot project with
Eos enters 2014 after a year of meeting aggressive development and prototyping goals. It completed its first AC-integrated system, putting the company's Znyth™ battery technology on track to achieve its
About Eos Energy Storage
Eos is developing a low-cost energy storage solution for electric utilities, with additional applications in commercial and industrial, telecom, and residential markets. Eos's mission is to produce safe, robust, cost-effective energy storage solutions that are less expensive than incumbent alternatives, such as gas turbines for power generation. Eos is located in
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, whether demand for our products, which we believe are disruptive, will develop and whether we can compete successfully with other manufacturers and suppliers of energy conversion products, both now and in the future, as new products are developed and marketed. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
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Ideal Power Media Contact:
Mercom Communications Wendy Prabhu1.512.215.4452 www.mercomcapital.com Email Contact Eos Energy Storage Media Contact: Eos Energy Storage Philippe Bouchard1.212.628.7191 http://www.eosenergystorage.com Email Contact Ideal Power Inc.Investor Relations Contact: MZ North AmericaMatt Hayden 1.949.259.4986 www.mzgroup.us Email Contact