Eos Energy Storage, Incodema up battery output in New York

November 11, 2013 01:13 PM Eastern Standard Time

NEW YORK–(BUSINESS WIRE)–Eos Energy Storage and Incodema Group announced a partnership that will launch MW-scale manufacturing of Eos’s safe, low-cost zinc hybrid cathode (ZnythTM) battery technology.

Eos’s 1MW/6MWh Aurora energy storage system is designed to integrate renewable energy production, increase the electricity grid’s efficiency and resiliency, and reduce utility companies’ costs and consumers’ electricity bills.

Incodema Group is a NY-based manufacturer and full-service rapid prototype provider, offering state-of-the-art equipment and capabilities required to scale emerging technologies from design to production.

“Eos’s mission is to provide utilities and end-use customers with an energy storage solution that solves real business problems—at a lower cost than incumbent solutions,” said Eos President Steve Hellman. “To accomplish this, we not only have to produce an inexpensive battery; we have to produce a battery inexpensively.”

Eos’s proprietary ZnythTM technology represents the next generation of rechargeable zinc-based batteries, employing widely available materials and highly standardized manufacturing processes to create a system that can achieve 10,000 cycles (or a 30 year life) at a disruptive price of $160/kWh for the DC system. “By using only commoditized manufacturing—such as metal cutting and stamping, injection molded plastics, and stackable assembly—we believe that Eos will be the low cost leader for utility scale batteries,” explained Eos CEO Michael Oster.

Incodema Group combines four New York state-based manufacturing companies with state-of-the-art facilities and over 50 years of experience scaling up production to bring innovative technologies to market.

“Our team of engineers, designers, and QA experts is second to none when it comes to transitioning a technology from rapid prototyping to full-scale manufacturing,” said Incodema Group President Sean Whittaker. “We like Eos’s technology because it enables a low-cost, highly scalable production process. There are no clean rooms, no complex deposition processes, and no hazardous materials. Incodema has a long-standing relationship with Eos and we look forward to taking this next step in bringing a compelling product to market.” The joint manufacturing effort will create 15-20 incremental jobs in the upstate NY region and will lay the groundwork for further job growth as manufacturing expands to meet rapidly growing demand.

“We believe our approach is the most capital efficient path to market,” Hellman noted. “By partnering with Incodema, we can scale-up more quickly, at lower cost and with less risk.”

Initial production will be reserved for projects coordinated with a group of global utilities, independent power producers, and energy service providers comprising Eos’s Genesis Program. NRG (NYSE:NRG)—also an investor in Eos—was first to join the Genesis Program and was soon followed by Enel (BIT:ENEL), GDF SUEZ (EPA:GSZ), National Grid (LON:NG), and Public Service Company of New Mexico (NYSE:PNM) among others.

Eos’s first pilot project will be with Con Edison of New York (NYSE:ED), with installation anticipated in early 2014. Collectively, Eos’s Genesis Partners represent over 350 gigawatts of generation, 1.8 million miles of transmission and distribution, and 81 million customers in over 70 countries.

ABOUT EOS ENERGY STORAGE:

Eos is developing a low-cost energy storage solution for electric utilities, with additional applications in the industrial, telecoms and transportation industries. 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 Edison, NJ, and New York, NY. More information is available at www.eosenergystorage.com.

ABOUT INCODEMA GROUP:

Headquartered in Ithaca, NY, Incodema Group is a NY-based manufacturer and full-service rapid prototype provider, offering a broad range of technologies and processes to meet our customer’s needs from design to full-scale manufacturing. Incodema’s capabilities include sheet metal stampings, metal forming, laser cutting, Microcut, photo chemical machining, wire EDM, DMLS and CNC machining to SLA, Polyjet, FDM and urethane castings. More information is available at www.incodema.com.