{"id":513233,"date":"2021-07-14T17:04:08","date_gmt":"2021-07-14T21:04:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/"},"modified":"2021-07-14T17:04:08","modified_gmt":"2021-07-14T21:04:08","slug":"eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/","title":{"rendered":"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative"},"content":{"rendered":"<div class=\"mw_release\">\n<p>EDISON, N.J., July  14, 2021  (GLOBE NEWSWIRE) &#8212; Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (\u201cEos\u201d), a leading provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, today announced that it hosted Department of Energy (DOE) Secretary Jennifer M. Granholm and Congressman Frank Pallone, Jr., Chairman of the House Energy and Commerce Committee at its Edison, NJ headquarters to exhibit how its performance- and price-competitive energy storage technology is accelerating the shift to clean energy in the U.S.<\/p>\n<p>Secretary Granholm and Congressman Pallone outlined policy priorities for Congress and the Biden Administration towards grid efficiency, net-zero emissions and the importance of energy storage technologies. This included Secretary Granholm\u2019s announcement of the second target for DOE\u2019s Energy Earthshot Initiative, with a new goal to reduce the cost of grid-scale, long-duration energy storage by 90% within the decade.\u00a0<\/p>\n<p>Secretary Granholm and Congressman Pallone observed firsthand the Eos Ingenuity Lab, where Eos develops its Znyth\u00ae aqueous zinc batteries, which are nonflammable, sustainable, and free of thermal runaway risk, in addition to being fully recyclable at the end of life. The Eos Energy Enterprises technology aligns with the priorities outlined in the DOE\u2019s Energy Earthshot Initiative producing a safe, scalable, and efficient long-duration battery manufactured in the U.S. <br \/> \u00a0\u00a0\u00a0 <br \/>\u201cWe want to thank Secretary Granholm and Congressman Pallone for their vision and focus on the importance of energy storage technologies for a sustainable energy future,\u201d said Joe Mastrangelo, CEO of Eos. \u201cAmerica should be the leader of energy storage capabilities and innovation both domestically and for international exports. We can manufacture and scale this industry and usher in a new and long overdue era of \u201cmade in America\u201d leadership.\u201d<\/p>\n<p>\n        <strong>About Eos <\/strong><br \/>\n        <br \/>Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth<sup>\u00ae<\/sup> aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable \u2014 and manufactured in the U.S. \u2014 it&#8217;s the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3- to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xcSUrFk0JXERk5wNIPbvWHN9gCBVfA0Uy2gQVSb-YpxcjgJ-E_YKUcqXC6daGVLOtFUeEu1CVGdo42Aiqidi1A==\" rel=\"nofollow noopener\" target=\"_blank\">eose.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release includes certain statements that may constitute \u201cforward-looking statements\u201d for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about: the investment by KSP and benefits thereof, the future financial performance of Eos; Eos\u2019s plans for expansion and acquisitions; and changes in Eos\u2019s strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the parties\u2019 views as of any subsequent date, and Eos does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against Eos; (2) the ability to maintain the listing of Eos\u2019s shares of common stock on NASDAQ; (3) the ability of Eos\u2019s business to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (4) changes in applicable laws or regulations; (5) the possibility that Eos may be adversely affected by other economic, business, and\/or competitive factors; and (6) other risks and uncertainties indicated from time to time in the Annual Report on Form 10-K filed by Eos with the Securities and Exchange Commission (\u201cSEC\u201d) for the year ended December 31, 2020, including those under the heading \u201cRisk Factors\u201d therein, and other factors identified in Eos\u2019s prior and future SEC filings with the SEC, available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=j96T2yW2mMP-ep5OTJ6Op__VyoACqaGe7gjO_M4XJY4hkhy7Ztm80M_9l6OVWsWieCYG4DcOGLlVY-wMRY8x1SuYadtN53oD0BvyKO-lfTj6pTyZjzZU4yyfwMa3iOb-pCFTmsgjrf6luqnQ3gLVmJP6tqr1ll9PshGZNvDasXk7ixValoZG0tlcPQVGrrez9jPluOlOqm3dtGev5xLFkA6pgiEBUZ8n2N2WgxYQaRo=\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p>\n        <strong>Contacts<br \/><\/strong>Investors: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S8nhmrn5P-qtKYkpzxbAF2MNEUDEXoHfOB642O5jYdz7o7dvuzSuOry0zz_7NXXaq-4c0BPu1JuzybJ-ubNuAw==\" rel=\"nofollow noopener\" target=\"_blank\">ir@eose.com<\/a><br \/>Media: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z4FgMbR2_UFh4-wPBQlXF-YvR_uGdLLUAUlvMxyRVzDIcBoM1maWXyR58YlHSqXNQ-17eOwbQiNHcRgO5oxsIQ==\" rel=\"nofollow noopener\" target=\"_blank\">media@eose.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDcxNiM0Mjk3OTczIzIyMDMxNDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9efe5b68-4a7d-4dc2-989c-c35dc038c74d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EDISON, N.J., July 14, 2021 (GLOBE NEWSWIRE) &#8212; Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (\u201cEos\u201d), a leading provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, today announced that it hosted Department of Energy (DOE) Secretary Jennifer M. Granholm and Congressman Frank Pallone, Jr., Chairman of the House Energy and Commerce Committee at its Edison, NJ headquarters to exhibit how its performance- and price-competitive energy storage technology is accelerating the shift to clean energy in the U.S. Secretary Granholm and Congressman Pallone outlined policy priorities for Congress and the Biden Administration towards grid efficiency, net-zero emissions and the importance of energy storage technologies. This included Secretary Granholm\u2019s announcement of the second target for DOE\u2019s Energy Earthshot Initiative, with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513233","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EDISON, N.J., July 14, 2021 (GLOBE NEWSWIRE) &#8212; Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (\u201cEos\u201d), a leading provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, today announced that it hosted Department of Energy (DOE) Secretary Jennifer M. Granholm and Congressman Frank Pallone, Jr., Chairman of the House Energy and Commerce Committee at its Edison, NJ headquarters to exhibit how its performance- and price-competitive energy storage technology is accelerating the shift to clean energy in the U.S. Secretary Granholm and Congressman Pallone outlined policy priorities for Congress and the Biden Administration towards grid efficiency, net-zero emissions and the importance of energy storage technologies. This included Secretary Granholm\u2019s announcement of the second target for DOE\u2019s Energy Earthshot Initiative, with &hellip; Continue reading &quot;Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-14T21:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDcxNiM0Mjk3OTczIzIyMDMxNDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative\",\"datePublished\":\"2021-07-14T21:04:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/\"},\"wordCount\":828,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI4MDcxNiM0Mjk3OTczIzIyMDMxNDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\\\/\",\"name\":\"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/","og_locale":"en_US","og_type":"article","og_title":"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative - Market Newsdesk","og_description":"EDISON, N.J., July 14, 2021 (GLOBE NEWSWIRE) &#8212; Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (\u201cEos\u201d), a leading provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, today announced that it hosted Department of Energy (DOE) Secretary Jennifer M. Granholm and Congressman Frank Pallone, Jr., Chairman of the House Energy and Commerce Committee at its Edison, NJ headquarters to exhibit how its performance- and price-competitive energy storage technology is accelerating the shift to clean energy in the U.S. Secretary Granholm and Congressman Pallone outlined policy priorities for Congress and the Biden Administration towards grid efficiency, net-zero emissions and the importance of energy storage technologies. This included Secretary Granholm\u2019s announcement of the second target for DOE\u2019s Energy Earthshot Initiative, with &hellip; Continue reading \"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-14T21:04:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDcxNiM0Mjk3OTczIzIyMDMxNDU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative","datePublished":"2021-07-14T21:04:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/"},"wordCount":828,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDcxNiM0Mjk3OTczIzIyMDMxNDU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/eos-energy-hosts-u-s-secretary-of-energy-jennifer-granholm-and-congressman-frank-pallone-for-tour-of-battery-facility-doe-announcement-on-long-duration-energy-storage-earthshot-initiative\/","name":"Eos Energy Hosts U.S. Secretary of Energy, Jennifer Granholm and Congressman Frank Pallone for Tour of Battery Facility, DOE Announcement on Long-Duration Energy Storage Earthshot Initiative - 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