Eos Energy, Pine Gate Renewables enter MOU to expand partnership

Eos Energy announced that Eos and Pine Gate Renewables, a renewable energy company focused on development and strategic financing of solar and storage projects throughout the United States, have entered into a memorandum of understanding, or MOU, to expand their existing partnership with a minimum additional volume of 500MWh. The partnership between the two companies launched in 2021 with projects in South Carolina and Utah. The MOU provides a framework for the partnership which is expected to be developed into a final master supply agreement, or MSA, between the two companies no later than March 29, 2024. The agreement contributes 500MWh to the company’s pipeline and will be categorized as a letter of intent.