Zinc battery player Eos says cost reductions, automated production will fuel profitability shift in 2024
- Admin
- May 15, 2024
- 1 min read
Eos Energy Enterprises, a US-based zinc hybrid cathode battery storage manufacturer, announced its Q1 2024 financial results showing revenue growth and positive contribution margin projections. The company, known for its long-duration energy storage technology, listed its shares on the Nasdaq in 2020 through a SPAC merger. Eos is set to open a 'state-of-the-art manufacturing line' at its Turtle Creek facility in Pennsylvania, with plans to increase production capacity and reduce costs to boost profitability.
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