U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022.
The company reported a revenue of $3.1 million, up 6.5% compared to $3.1 million in Q4 2021.
The company produces long-duration (3-12 hours) energy storage solutions that provide reliable power to applications across the energy supply chain, including utilities, industrial & commercial, and military market segments
The increase in revenues was attributed to the first energy block deliveries for the 80 MWh Pine Gate Renewables’ Eastover project and a 69% sequential increase in energy block volume, on a revenue recognition basis, versus the prior quarter.The company registered a net loss of $45.1 million, up by nearly 47% compared to $30.6 million in Q4 2021.
The company booked orders of $67…
Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022
