Stifel notes that the DOE and media sources reported that the DOE’s Office of Clean Energy Demonstration announced a $325M program to directly invest in pilot deployments of five long duration energy technologies. For Eos Energy (EOSE), the company’s technology was selected by NextEra Energy Resources (NEE), the firm stated. “While not confirmed, it would not be surprising for NextEra to prove to be the large utility behind the 4 GWh purchase commitment that remains in negotiation based on its reported selection of Eos technology in its DoE grant application,” according to the firm, which keeps a Buy rating on Eos Energy shares.
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