Eos Energy Partners With Unico To Boost Battery Efficiency

Core Insights - Eos Energy Enterprises has entered a multi-year partnership with Unico to enhance energy storage solutions through the integration of DC-to-DC converters into Eos's Z3 Znyth aqueous zinc battery systems [1][2] Group 1: Partnership Details - The agreement with Unico, effective until April 2025, aims to improve efficiency and deliver more energy to end users while supporting cost-effective, long-duration energy storage [1] - Unico's technology utilizes high-speed switching controls and algorithms to optimize the performance of silicon carbide (SiC) and gallium nitride (GaN) devices, providing industry-leading efficiency and compactness [2] Group 2: Product and Technology - Eos's proprietary platform, DawnOS, integrates Z3 batteries with Unico's products, offering a scalable, efficient, and sustainable energy storage option [3] - Both companies emphasize their commitment to U.S. manufacturing, aligning with federal clean energy goals and enhancing domestic supply chain resilience [3] Group 3: Financial Performance - In Q2, Eos reported a loss of $0.37 per share, which was wider than the expected loss of $0.14 per share, while revenue increased significantly to $15.24 million from $0.90 million year-over-year, but fell short of the consensus estimate of $24.12 million [4] - The company reaffirmed its full-year 2025 revenue forecast of $150 million to $190 million, compared to the market estimate of approximately $160 million [5] Group 4: Market Reaction - Following the announcement of the partnership, EOSE shares rose by 18.24%, reaching $14.90 [5]