Eos Energy Storage Closes $15M Series B Financing Round

Eos Energy Storage, an Edison, NJ, and New York, NY-based developer of energy storage technology, closed a $15m Series B financing round.

21 strategic and financial investors participated in the round including NRG Energy, Inc. (NYSE: NRG) and Fisher Brothers.

The company intends to use the funds to commercialize its grid-scale battery technology.

Led by Steve Hellman, President, and Michael Oster, CEO, Eos provides Aurora, a grid-scale energy storage product for electric utilities to time-shift peak energy demand. The company plans to start deploying Aurora in 2014 and is raising a Series C round  the production and delivery of the systems.

It also develops additional applications in the industrial, telecoms and transportation industries.



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