Eos Energy Enterprises (EOSE) +8.3% in Friday’s trading after announcing a 228 MWh order from Frontier Power to deploy Eos Z3 energy storage systems across the U.K. energy developer’s expanding portfolio of storage and grid-reliability projects.
Eos Energy (EOSE) said the new order marks the first conversion under the existing 5 GWh framework agreement with Frontier signed in April.
Frontier recently advanced 11 GWh of long-duration storage projects to the second round of Ofgem’s Cap-and-Floor program, all incorporating Eos Energy’s (EOSE) technology and more than double the original commitment.
“This order reflects continued confidence in Eos’ zinc technology and the strength of our partnership with Frontier,” Eos Energy (EOSE) Chief Commercial Officer Nathan Kroeker said.
Eos Energy (EOSE) also said it achieved its final cash receipt milestone from Cerberus Capital as part of the strategic investment in the company.