Eos Energy and Frontier Power Announce 5 GWh Memorandum of Understanding to Advance Long-Duration Energy Storage in the United Kingdom
Eos Energy Enterprises (NASDAQ: EOSE) has signed a memorandum of understanding with UK-based Frontier Power for a 5 GWh energy storage framework agreement. The partnership marks Eos' entry into the UK market and involves submitting bids using Eos' Znyth™ battery technology for Ofgem's new long-duration energy storage scheme.
The collaboration includes potential expansion to other international markets and the possibility of establishing local manufacturing operations in the UK, which could support domestic supply chains and create jobs. The partnership aligns with the UK's cap and floor scheme, administered by Ofgem and the Department for Energy Security and Net Zero, designed to provide long-term revenue certainty for innovative energy storage technologies.
Eos' eight-hour technology will support the UK's goals for grid stability and renewable integration. The agreement will be added to Eos' pipeline numbers as of March 31, 2025.
Eos Energy Enterprises (NASDAQ: EOSE) ha firmato un memorandum d'intesa con la britannica Frontier Power per un accordo quadro di accumulo energetico da 5 GWh. Questa collaborazione segna l'ingresso di Eos nel mercato UK e prevede la presentazione di offerte utilizzando la tecnologia delle batterie Znyth™ di Eos per il nuovo programma di accumulo energetico a lunga durata di Ofgem.
La partnership include la possibilità di espandersi in altri mercati internazionali e di avviare una produzione locale nel Regno Unito, supportando così le catene di approvvigionamento nazionali e creando posti di lavoro. L'accordo è in linea con il sistema cap and floor del Regno Unito, gestito da Ofgem e dal Department for Energy Security and Net Zero, che mira a garantire una certezza di ricavi a lungo termine per tecnologie innovative di accumulo energetico.
La tecnologia a otto ore di Eos sosterrà gli obiettivi del Regno Unito in termini di stabilità della rete e integrazione delle energie rinnovabili. L'accordo sarà incluso nei numeri del portafoglio di Eos a partire dal 31 marzo 2025.
Eos Energy Enterprises (NASDAQ: EOSE) ha firmado un memorando de entendimiento con la británica Frontier Power para un acuerdo marco de almacenamiento energético de 5 GWh. Esta alianza representa la entrada de Eos en el mercado del Reino Unido e implica presentar ofertas utilizando la tecnología de baterías Znyth™ de Eos para el nuevo programa de almacenamiento energético de larga duración de Ofgem.
La colaboración incluye la posible expansión a otros mercados internacionales y la posibilidad de establecer operaciones de fabricación local en el Reino Unido, lo que podría apoyar las cadenas de suministro nacionales y crear empleos. La asociación está alineada con el esquema cap and floor del Reino Unido, administrado por Ofgem y el Department for Energy Security and Net Zero, diseñado para proporcionar certeza de ingresos a largo plazo para tecnologías innovadoras de almacenamiento energético.
La tecnología de ocho horas de Eos apoyará los objetivos del Reino Unido en cuanto a estabilidad de la red e integración de energías renovables. El acuerdo se añadirá a la cartera de proyectos de Eos a partir del 31 de marzo de 2025.
Eos Energy Enterprises (NASDAQ: EOSE)는 영국 기반의 Frontier Power와 5GWh 에너지 저장 프레임워크 계약에 대한 양해각서를 체결했습니다. 이번 파트너십은 Eos가 영국 시장에 진출하는 것을 의미하며, Ofgem의 새로운 장기 에너지 저장 프로그램에 Eos의 Znyth™ 배터리 기술을 사용한 입찰 제출을 포함합니다.
협력에는 다른 국제 시장으로의 확장 가능성과 영국 내 현지 제조 시설 설립 가능성도 포함되어 있어 국내 공급망 지원과 일자리 창출에 기여할 수 있습니다. 이 파트너십은 Ofgem과 에너지 안보 및 넷제로 부서가 관리하는 영국의 캡 앤 플로어 제도와 일치하며, 혁신적인 에너지 저장 기술에 대한 장기 수익 안정성을 제공합니다.
Eos의 8시간 기술은 영국의 전력망 안정성과 재생에너지 통합 목표를 지원할 것입니다. 이 계약은 2025년 3월 31일 기준으로 Eos의 파이프라인 수치에 포함될 예정입니다.
Eos Energy Enterprises (NASDAQ : EOSE) a signé un protocole d'accord avec la société britannique Frontier Power pour un accord-cadre de stockage d'énergie de 5 GWh. Ce partenariat marque l'entrée d'Eos sur le marché britannique et comprend la soumission d'offres utilisant la technologie de batterie Znyth™ d'Eos dans le cadre du nouveau programme de stockage d'énergie longue durée d'Ofgem.
La collaboration inclut une possible expansion vers d'autres marchés internationaux ainsi que la possibilité d'établir des opérations de fabrication locale au Royaume-Uni, ce qui pourrait soutenir les chaînes d'approvisionnement nationales et créer des emplois. Ce partenariat s'inscrit dans le cadre du système cap and floor du Royaume-Uni, administré par Ofgem et le Department for Energy Security and Net Zero, conçu pour offrir une certitude de revenus à long terme pour les technologies innovantes de stockage d'énergie.
La technologie huit heures d'Eos soutiendra les objectifs du Royaume-Uni en matière de stabilité du réseau et d'intégration des énergies renouvelables. L'accord sera intégré aux chiffres du pipeline d'Eos à partir du 31 mars 2025.
Eos Energy Enterprises (NASDAQ: EOSE) hat ein Memorandum of Understanding mit dem britischen Unternehmen Frontier Power für einen 5 GWh Energiespeicher-Rahmenvertrag unterzeichnet. Die Partnerschaft markiert den Markteintritt von Eos im Vereinigten Königreich und umfasst die Einreichung von Angeboten unter Verwendung der Znyth™ Batterietechnologie von Eos für das neue Langzeitspeicherprogramm von Ofgem.
Die Zusammenarbeit beinhaltet eine mögliche Expansion in weitere internationale Märkte sowie die Möglichkeit, lokale Produktionsstätten im Vereinigten Königreich aufzubauen, was die heimischen Lieferketten unterstützen und Arbeitsplätze schaffen könnte. Die Partnerschaft steht im Einklang mit dem Cap-and-Floor-System des Vereinigten Königreichs, das von Ofgem und dem Department for Energy Security and Net Zero verwaltet wird und langfristige Einnahmesicherheit für innovative Energiespeichertechnologien bietet.
Die Acht-Stunden-Technologie von Eos wird die Ziele des Vereinigten Königreichs zur Netzstabilität und Integration erneuerbarer Energien unterstützen. Die Vereinbarung wird ab dem 31. März 2025 in die Pipeline-Zahlen von Eos aufgenommen.
- Secured 5 GWh energy storage framework agreement with Frontier Power
- Entry into new UK market through Ofgem's long-duration energy storage scheme
- Potential expansion of manufacturing operations into UK market
- Agreement will add to company's pipeline numbers for Q1 2025
- MOU status indicates non-binding agreement
- Local manufacturing development contingent on materializing project volumes
Insights
Eos Energy's 5 GWh framework agreement with Frontier Power marks a strategic market expansion into the UK's emerging long-duration energy storage sector. This MOU represents a significant potential growth opportunity, deliberately aligned with the UK's new Ofgem cap and floor scheme designed to provide revenue certainty for innovative storage technologies.
The 5 GWh scale is substantial - representing enough storage capacity to power approximately 417,000 UK homes for 8 hours. This positions Eos to potentially capture meaningful market share in a region actively incentivizing alternatives to lithium-ion batteries.
Two aspects make this particularly compelling: First, the MOU includes exploration of local manufacturing capabilities in the UK, which would create a vertically integrated international presence and reduce supply chain vulnerabilities. Second, the agreement specifically targets Ofgem's new regulatory framework providing long-term revenue certainty - addressing one of the primary historical challenges for grid-scale storage projects.
While still at the MOU stage with execution contingent on winning bids in the cap and floor scheme, the partnership with an established UK developer significantly improves Eos's probability of success in this new market. For Eos, whose zinc-based technology offers differentiating safety and recyclability advantages over lithium-ion, the UK represents an ideal expansion market with its strong regulatory support for long-duration storage technologies.
This MOU represents a classic market entry strategy utilizing a strategic local partner to navigate new regulatory environments while leveraging proprietary technology advantages. The 5 GWh framework with Frontier Power provides Eos a structured pathway into the UK market precisely when regulatory incentives are aligning for long-duration storage.
The UK's cap and floor scheme effectively de-risks long-duration storage investments by providing revenue certainty - addressing a fundamental barrier that has historically deployment of 8-hour storage technologies. Eos has strategically positioned its zinc-based technology to capitalize on this regulatory shift that specifically encourages non-lithium alternatives.
Most significantly, the agreement includes language about potential local manufacturing, suggesting a phased internationalization approach that minimizes initial capital commitment while preserving future vertical integration options. This follows established patterns of successful international expansion in the energy sector, where local manufacturing becomes viable once sufficient demand materializes.
The timing aligns with the first application window of the UK's new regulatory incentive program, demonstrating opportunistic market entry coordination. For Eos, this represents appropriate diversification beyond its US base during a critical growth phase. The incremental addition to Eos's pipeline demonstrates disciplined pipeline management, with potential revenue impact beginning to materialize following the Ofgem application process outcomes.
Partnership aims to support the UK’s clean energy transition with the potential to unlock local manufacturing and strengthen energy infrastructure
EDISON, N.J. and WARWICKSHIRE, United Kingdom, April 15, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has signed a memorandum of understanding with Frontier Power Ltd. (“Frontier”), a UK-based energy developer, for a 5 GWh energy storage framework agreement. The agreement marks Eos’ entrance into a new international market and supports Frontier’s plans to submit multiple bids utilizing Eos’ Znyth™ battery technology in the first application window of Ofgem’s new long-duration energy storage (LDES) cap and floor scheme.
“We are proud to partner with Frontier Power, a respected leader in UK energy development, to bring Eos’ safe and recyclable storage technology to a new market,” said Justin Vagnozzi, Senior Vice President of Global Sales at Eos Energy Enterprises. “The novel cap and floor scheme incentivizes investments in long-duration storage technologies that are critical for grid stability and renewable integration. Our participation in this scheme with an established global supply partner like Frontier furthers our commitment to scale our operations, expand our market reach and encourage the adoption of alternative technologies for the energy storage market.”
Under the agreement, Eos and Frontier will also look to expand the collaboration globally to new international markets. This partnership also opens the door to developing local manufacturing in the UK. Should significant LDES project volumes materialize using Eos technology, it could incentivize the establishment of manufacturing operations in the UK, supporting domestic supply chains and job creation.
“Our supply chain strategy was designed to be transportable,” said Joe Mastrangelo, Eos Chief Executive Officer. “We can co-locate manufacturing capacity near customer demand and not only provide innovative energy storage, but sustainable jobs in regions that have demand for our technology. As that demand grows, both domestically and internationally, we’ll expand our manufacturing footprint, and we’re excited to partner with Frontier to execute on that vision in the UK market and beyond.”
"This agreement reflects Frontier Power’s commitment to driving innovation in clean energy while fostering international collaboration,” said Humza Malik, Frontier Power Chief Executive Officer. “By working with Eos, we are advancing our portfolio of long-duration storage projects and strengthening trade relations between the US and UK. The prospect of local manufacturing in the UK could further boost economic growth and job creation."
The UK’s cap and floor scheme, administered by Ofgem and the Department for Energy Security and Net Zero, is designed to provide long-term revenue certainty for innovative energy storage technologies and help incentivize investment in alternative technologies to lithium-ion in the UK market. Eos’ eight-hour technology is well suited for the program, which supports the UK’s broader goals of achieving grid stability and enables higher levels of renewable integration.
This agreement will be incremental to Eos’ pipeline numbers as of March 31, 2025 when the Company reports first quarter 2025 results.
About Eos Energy Enterprises
Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides 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 eose.com.
About Frontier Power
Founded in 2009, Frontier Power is a leading developer of innovative energy solutions with expertise spanning electricity interconnectors, offshore wind transmission, offshore wind generation and energy storage. With over
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Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.
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Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
FAQ
What is the size of the energy storage agreement between Eos Energy and Frontier Power?
How will EOSE benefit from the UK's cap and floor scheme?
What manufacturing plans does EOSE have for the UK market?
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What type of battery technology will EOSE deploy in the UK projects?
