Google and Eos Energy Collaborate on Long-Duration Battery Technology for Grid Support
Eos Energy Enterprises (NASDAQ: EOSE) has partnered with Google, a subsidiary of Alphabet Inc. (NASDAQ: GOOGL), to deploy long-duration energy storage solutions in the PJM grid region. The collaboration involves installing a 10MW/100 MWh Z3 battery system as part of an integrated solution for data centers requiring reliable power over extended periods. The project, though small and not expected to begin operations until 2030, is seen by analysts like Stifel's Stephen Gengaro as a validation point for Eos' technology. The company reported Q2 revenue growth of $68.8 million (up 351% YoY) with a record backlog of $807 million and a commercial pipeline of $24.6 billion, indicating strong interest in its long-duration storage solutions. Despite the positive collaboration news, Eos remains unprofitable with a Q2 gross loss of $48.8 million (up from $31 million YoY) and significant revenue concentration risk tied to one project. The company also revised its full-year 2026 revenue guidance downward.
Topics: Clean Energy Energy Storage Grid Reliability Partnership