Eos Energy Stock Rises 11% on Order with International Electric Power

Dow Jones

2024-12-18

By Katherine Hamilton

Eos Energy shares rose Wednesday after the company said it closed a 400 MWh order with International Electric Power.

The stock hit a new 52-week high Wednesday and is up 11% to $4.35. Shares have almost quadrupled over the past 12 months.

The company, which specializes in zinc-based long duration energy storage systems, said the project is expected to begin in 2025. It is set to be deployed at Marine Corps Base Camp Pendleton in San Diego County, Calif. It is partially funded by the California Energy Commission's Long Duration Energy Storage Program.

The order marks the second agreement and third project with the energy supplier IEP, Eos said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 18, 2024 10:33 ET (15:33 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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