Eos Energy Storage Expands Sales and Installation Channels with Babcock & Wilcox Partnership

Edison, N.J. -13 de outubro de 2020 - EOS Energy Storage LLC ("EOS"), um fabricante líder de sistemas de bateria de BAW e de baixo custo (BEW), anunciou hoje que foi inserido em um concordante, com Babcock & Wilco e WilCox Systems de bateria de zinco, anunciou hoje que entrou em um acordo com um Babcock & Wilcox. para a base global de clientes globais da B&W de empresas industriais, de serviços públicos e de energia. O contrato também permitirá que a EOS alavanca a experiência global da B&W como líder no fornecimento de tecnologias, serviços e soluções de energia renovável e ambiental para clientes de utilidade e industrial. empresa. Após o fechamento da transação, a empresa combinada será renomeada pela EOS Energy Enterprises, Inc. ("EOS Energy") e pretende listar suas ações de ações ordinárias no NASDAQ sob o símbolo do símbolo "eose". Aplicações de energia renovável. Sob o acordo, a subsidiária B&W Babcock & Wilcox Construction Co., LLC, será provedor de instalação preferencial exclusivo da EOS da EOS para a tecnologia nos Estados Unidos e no Canadá. Além dos benefícios ambientais e tecnológicos, o sistema de baterias Znyth® de zinco também é uma solução econômica de armazenamento de energia, com uma vida útil de 15 a 30 anos e custos mínimos de instalação e manutenção. Essas estão entre as muitas qualidades que diferenciam as baterias baseadas em zinco da EOS da alternativa de íons de lítio. “Our zinc battery storage systems offer a viable alternative to lithium-ion—they are non-flammable, built with non-rare earth materials and manufactured right here in the United States. Combining Eos’ design and technology with B&W’s construction and service capabilities will ensure that our global customer base has a superior energy storage solution for the long term.”

As previously announced, B. Riley Principal Merger Corp. II (“BMRG”), a publicly traded special purpose acquisition company, and Eos have entered into a definitive merger agreement for a business combination that would result in Eos becoming a publicly listed company. Upon closing of the transaction, the combined company will be renamed Eos Energy Enterprises, Inc. (“Eos Energy”) and intends to list its shares of common stock on Nasdaq under the ticker symbol “EOSE”.

B&W will market, sell and service Eos’ signature product, the Znyth® zinc battery system, which is optimized for the critical longer duration stationary storage market and ideal for grid congestion and renewable power applications. Under the agreement, B&W subsidiary Babcock & Wilcox Construction Co., LLC, will be Eos’ exclusive preferred installation provider for the technology in the United States and Canada.

Eos’ system is unique for its ability to withstand extreme temperatures, its scalable design made with five core commodity materials widely available, and its fully recyclable nature. In addition to the environmental and technological benefits, the Znyth® zinc battery system is also a cost-effective energy storage solution, with a 15-year to 30-year life and minimal installation and maintenance costs. These are among the many qualities that differentiate Eos’ zinc-based batteries from the lithium-ion alternative.

“Our partnership with B&W enables us to reach new customers who will benefit from Eos’ industry-disrupting technology,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Our zinc battery storage systems offer a viable alternative to lithium-ion—they are non-flammable, built with non-rare earth materials and manufactured right here in the United States. Combining Eos’ design and technology with B&W’s construction and service capabilities will ensure that our global customer base has a superior energy storage solution for the long term.”

“The Zynth® zinc battery system has the potential to be a real game-changer, offering proven Capacidades de armazenamento de energia e melhor desempenho de segurança sobre as baterias de íons de lítio ”, disse Kenny Young, presidente e diretor executivo da B&W. “Acompanhando -o com a forte reputação da B&W com clientes de utilidade e industrial em todo o mundo, nossas capacidades de construção e manutenção de plantas, e nossa experiente equipe de vendas global é um desenvolvimento emocionante para ambas as nossas empresas.”

Informações adicionais sobre a combinação de negócios ”. BMRG stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement, in connection with BMRG’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination, because the proxy statement will contain important information about BMRG, Eos and the proposed business combination. Quando disponível, a declaração definitiva de proxy será enviada aos acionistas da BMRG a partir de uma data de registro a ser estabelecida para votar na combinação de negócios proposta. Os acionistas também poderão obter cópias da declaração de procuração, sem cobrança, uma vez disponível, no site da SEC em

In connection with the business combination, BMRG has filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”). BMRG stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement, in connection with BMRG’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination, because the proxy statement will contain important information about BMRG, Eos and the proposed business combination. When available, the definitive proxy statement will be mailed to BMRG stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s website at www.sec.gov . Cópias dos documentos arquivados na SEC pelo BMRG quando e, se disponíveis, podem ser obtidos gratuitamente, direcionando uma solicitação por escrito para B. Riley Principal Merger Corp. II, 299 Park Avenue, 21º andar, Nova York, Nova York 10171 ou por telefone (212) 457-3300. Leia o artigo completo