Eos Energy Enterprises Inc. (NASDAQ:EOSE) saw a notable 11.94% increase in share prices on Friday, reaching $16.03 per share after securing a new 228 MWh battery energy storage system order from Frontier Power Ltd. The partnership involves delivering 5 GWh of BESS using the Z3 system to test performance under Ofgem’s Cap-and-Floor program.

Chief Commercial Officer Nathan Kroeker expressed confidence in Eos’ zinc technology, highlighting the readiness of long-duration storage to scale and provide reliable dispatchable power. Eos Energy (EOSE) is scheduled to release its third-quarter earnings results after the market closes on November 5, emphasizing their commitment to innovation and growth in the energy storage sector.

Read more at Yahoo Finance: Eos Energy (EOSE) Soars 11.9% as Firm Bags New 228 MWh Battery Storage Order