Eos Energy Enterprises Appoints Francis Richey as Chief Technology Officer
Eos Energy Enterprises (NASDAQ: EOSE) has appointed Francis Richey as Chief Technology Officer. Richey, previously Senior Vice President of R&D, has been with Eos since 2015, advancing from Senior Battery Scientist through various leadership roles. He played a key role in developing the Eos Z3™ battery and holds nine patents. With a Ph.D. in Chemical and Electrochemical Engineering from Drexel University, Richey's expertise includes electrochemical engineering and battery product development. In his new role, he will focus on driving innovation, enhancing software capabilities, and developing advanced storage solutions.
Eos Energy Enterprises (NASDAQ: EOSE) ha nominato Francis Richey come Chief Technology Officer. Richey, precedentemente Vicepresidente Senior di R&D, è con Eos dal 2015, avendo ricoperto ruoli di leadership a partire da Senior Battery Scientist. Ha svolto un ruolo chiave nello sviluppo della batteria Eos Z3™ e detiene nove brevetti. Con un dottorato in Ingegneria Chimica ed Elettrochimica presso la Drexel University, l'esperienza di Richey comprende l'ingegneria elettrochimica e lo sviluppo di prodotti per batterie. Nel suo nuovo ruolo, si concentrerà sull'innovazione, sul miglioramento delle capacità software e sullo sviluppo di soluzioni di stoccaggio avanzate.
Eos Energy Enterprises (NASDAQ: EOSE) ha nombrado a Francis Richey como Director de Tecnología. Richey, quien anteriormente fue Vicepresidente Senior de I+D, ha estado con Eos desde 2015, ascendiendo desde Científico Senior de Baterías a través de varios roles de liderazgo. Desempeñó un papel clave en el desarrollo de la batería Eos Z3™ y posee nueve patentes. Con un doctorado en Ingeniería Química y Electroquímica de la Universidad de Drexel, la experiencia de Richey incluye ingeniería electroquímica y desarrollo de productos de baterías. En su nuevo cargo, se enfocará en impulsar la innovación, mejorar las capacidades de software y desarrollar soluciones de almacenamiento avanzadas.
Eos Energy Enterprises (NASDAQ: EOSE)는 Francis Richey를 최고기술책임자로 임명했습니다. Richey는 이전에 연구개발 부사장이었으며, 2015년부터 Eos와 함께 일해왔고, 선임 배터리 과학자에서 다양한 리더십 역할로 승진했습니다. 그는 Eos Z3™ 배터리 개발에 중요한 역할을 했으며, 아홉 개의 특허를 보유하고 있습니다. Drexel University에서 화학 및 전기화학 공학 박사 학위를 보유한 Richey의 전문 분야는 전기화학 공학과 배터리 제품 개발입니다. 새로운 역할에서 그는 혁신을 촉진하고 소프트웨어 기능을 강화하며 고급 저장 솔루션을 개발하는 데 집중할 것입니다.
Eos Energy Enterprises (NASDAQ: EOSE) a nommé Francis Richey en tant que directeur de la technologie. Richey, précédemment vice-président senior de la R&D, est avec Eos depuis 2015, grimpant les échelons à partir de scientifique senior en batteries à travers divers rôles de leadership. Il a joué un rôle clé dans le développement de la batterie Eos Z3™ et détient neuf brevets. Titulaire d'un doctorat en ingénierie chimique et électrochimique de l'Université de Drexel, l'expertise de Richey comprend l'ingénierie électrochimique et le développement de produits de batteries. Dans son nouveau rôle, il se concentrera sur l'innovation, l'amélioration des capacités logicielles et le développement de solutions de stockage avancées.
Eos Energy Enterprises (NASDAQ: EOSE) hat Francis Richey zum Chief Technology Officer ernannt. Richey, der zuvor Senior Vice President für F&E war, ist seit 2015 bei Eos und hat sich vom Senior Battery Scientist durch verschiedene Führungspositionen hochgearbeitet. Er spielte eine Schlüsselrolle bei der Entwicklung der Eos Z3™ Batterie und besitzt neun Patente. Mit einem Doktortitel in Chemie- und Elektrochemieingenieurwesen von der Drexel University umfasst Richeys Fachwissen elektromechanische Ingenieurwissenschaften und die Entwicklung von Batterieprodukten. In seiner neuen Rolle wird er sich auf Innovationen, die Verbesserung der Softwarefähigkeiten und die Entwicklung fortschrittlicher Speicherlösungen konzentrieren.
- Internal promotion demonstrates succession planning and talent retention
- Appointee brings 9 years of company experience and deep product knowledge
- Strong technical background with 9 patents and extensive research publications
- Direct involvement in development of company's core Z3™ battery technology
- None.
EDISON, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced that Francis Richey, former Senior Vice President of Eos Research & Development, has been appointed Chief Technology Officer.
Richey, who has been with Eos since 2015, brings a wealth of experience in electrochemical engineering and battery product development. His extensive background in battery chemistries, combined with his leadership in scaling technological innovations from laboratory breakthroughs to commercial solutions, positions him to further solidify Eos’ position as a leader in the development of alternative storage technologies.
Richey joined Eos as a Senior Battery Scientist in 2015 and quickly advanced through several leadership roles. Most recently he served as Senior Vice President of Eos Research and Development, where he played a pivotal role in the development of the Eos Z3™ battery and the advancement of the Company’s energy storage technology. His tenure at Eos has been marked by significant contributions to the development and commercialization of next-generation battery systems, helping Eos stay at the forefront of the industry.
“Francis’s deep technical expertise in electrochemical engineering and his proven track record in developing scalable energy storage solutions make him the ideal person to lead Eos' technological initiatives moving forward,” said Joe Mastrangelo, Chief Executive Officer. “His leadership will be instrumental in advancing our product roadmap, expanding our software capabilities, and driving the next phase of innovation as we continue to work towards transforming the global energy storage landscape and delivering solutions that meet the evolving needs of our customers.”
Richey holds a Bachelor of Science in Chemical Engineering from Penn State University and a Ph.D. in Chemical and Electrochemical Engineering from Drexel University. Prior to joining Eos, he was a Postdoctoral Research Scientist at Stanford University, where he led research on corrosion mechanisms in aqueous Metal-Air batteries in partnership with UC Berkeley. Richey holds nine patents and has published extensively in prominent scientific journals such as the Journal of Electrochemical Society and the Journal of the American Chemical Society.
“I am honored to take on the role of Chief Technology Officer and excited to lead the Company into its next stage of growth. Our focus will be on driving innovation and product differentiation at scale, enhancing our software and control capabilities, and ensuring our technology delivers long-term value for our customers,” said Richey. “I look forward to working alongside our talented team to deliver advanced solutions that I believe will shape the next chapter of our Company’s success.”
As CTO, Richey will play a critical role in shaping Eos’s product and technology strategy, with a focus on accelerating the development of cutting-edge storage solutions and maintaining the Company’s leadership in the rapidly evolving energy sector.
About Eos
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™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it'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 eose.com.
Contacts
Investors: ir@eose.com
Media: media@eose.com
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, contribution margins, orders backlog and opportunity pipeline for the fiscal year ended December 31, 2024, our path to profitability and strategic outlook, the tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act of 2022, the delayed draw term loan, milestones thereunder and the anticipated use of proceeds therefrom, the ability to draw under the delayed draw term loan, statements regarding our ability to secure final approval of a loan from the Department of Energy LPO, or our anticipated use of proceeds from any loan facility provided by the US Department of Energy, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" 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 are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.
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, including the discretionary revolving facility from Cerberus; 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, uncertainties around our ability to meet the applicable conditions precedent and secure final approval of a loan, in a timely manner or at all from the Department of Energy, Loan Programs Office, or the timing of funding and the final size of any loan that is approved; the possibility of a government shutdown while we work to meet the applicable conditions precedent and finalize loan documents with the U.S. Department of Energy Loan Programs Office or while we await notice of a decision regarding the issuance of a loan from the Department Energy Loan Programs Office; 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; risks resulting from the impact of global pandemics, including the novel coronavirus, Covid-19; 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.
The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the SEC, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the SEC from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.
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
Who is the new CTO of Eos Energy Enterprises (EOSE)?
What is Francis Richey's background at Eos Energy (EOSE)?
What are Francis Richey's qualifications as new CTO of EOSE?
What will be Francis Richey's main responsibilities as CTO of EOSE?
