Eos Energy Results Presentation Deck slide image

Eos Energy Results Presentation Deck

Commercial Pipeline & Orders Backlog Value Proposition Shifting to Longer-Duration Storage Use cases beyond 5-hour energy storage favor Eos technology Solar penetration plus electric heating is shifting net peak demand from summer afternoons to winter nights 14 As extreme weather conditions increase, peak demand is becoming more significant in winter than in the summer Summer: Currently, 4-hour discharge is well-suited to providing capacity during summer peaks Winter: Demand peaks may become the primary drivers of resource adequacy needs requiring longer durations ERCOT: Starting to shift to winter peaks as solar production is lower in the winter Solar penetration reducing summer net peaks, while heating increasing winter net peaking requiring longer durations of storage Net Demand (MW) 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 7/20/2022 0:00 Net Den and (MW) 75,000 70,000 65,000 60,000 55,000 50,000 45,000 40,000 12/22 0:00 Summer 7/20/2022 12:00 Summer Net Peak With 2,500 MW Storage - Summer Net Peak 12/22 12:00 7/21/2022 0:00 Winter 7/21/2022 12:00 7/22/2022 0:00 12/23 0:00 Net peak longer -Winter net peak with 2,500 MW of storage Winter net peak 12/23 12:00 12/24 0:00 + System peak load is generally driven by air conditioning during hottest hours + Duration of summer peak increasing, but can usually be offset by increased solar installations + Net peak in winter is typically 8+ hours and can actually be higher total demand than in summer for areas that depend on electric heating Grid will require longer than 4-hour durations of storage to support winter peaks now Eos Z3 system provides the flexibility to be configured for discharging energy from 3 to 12 hrs. Denholm, Paul, Wesley Cole, and Nate Blair. 2023. Moving Beyond 4-Hour Li-Ion Batteries: Challenges and Opportunities for Long(er)-Duration Energy Storage. Golden, CO: National Renewable Energy Laboratory. NREL/TP-6A40-85878. eos
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