Power Grid Efficiency
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Eos CEO: We're trying to make the power grid more efficient
CNBC Televisionยท 2025-09-18 19:26
Company Overview & Growth - EOS Energy's stock more than doubled in 6 months, indicating significant market interest [1][17] - The company manufactures batteries and storage solutions, including an all-in-one plug and power system, primarily made in the USA [1] - EOS Energy has grown from 2 employees to 700 employees in six years, with every employee holding stock in the company [8] Technology & Solutions - EOS Energy's battery backups shift supply to meet demand, offering discharge durations from 2 hours up to 16 hours [3] - The system can handle power demand fluctuations in data centers up to 50%, ensuring grid stability [4] - The company's product is designed to improve grid efficiency by optimizing the utilization of energy assets [4] - The company emphasizes a simple, safe (non-flammable, non-toxic), and fully recyclable product, supported by American-designed software and data security [16] Market & Strategy - Energy storage is expected to play a crucial role in meeting peak energy demands, especially with the rise of AI [2] - The company moved manufacturing back to the US due to competitive landed costs and a desire to support American suppliers [10] - EOS Energy aims for 100% US-sourced materials, currently at 91%, avoiding tariffs and supporting local economies [6] - The company positions itself as an energy company focused on reliability, aiming to provide power when needed, similar to the reliability expected from traditional energy sources [13]