https://community.element14.com/technologies/power-management/w/documents/10173/eos-energy-storage-increases-vc-round-to-12-millionen-USTelligent Community 12https://community.element14.com/technologies/power-management/w/documents/10173/eos-energy-storage-increases-vc-round-to-12-millionFri, 08 Oct 2021 04:59:51 GMT93d5dcb4-84c2-446f-b2cb-99731719e767:8e9afa6f-33cc-441d-8904-9e2620adede9TheSmartEnergyhttps://community.element14.com/technologies/power-management/w/documents/10173/eos-energy-storage-increases-vc-round-to-12-million#commentsCurrent Revision posted to Documents by TheSmartEnergy on 10/8/2021 4:59:51 AM<br /> <p style="margin:0;">&lt;<a href="http://smartenergynews.net/wp-content/uploads/2012/07/Eos.jpg" rel="noopener noreferrer nofollow" target="_blank" data-e14adj="t"><img alt="T-Mobile's Bobsled is available for Android and iPhone." height="171" src="http://smartenergynews.net/wp-content/uploads/2012/07/Eos.jpg" style="padding:15px;margin-right:0px;margin-left:0px;float:left;" width="197" /></a><strong>Eos Energy Storage</strong>, a privately held developer of <strong>electric batteries for the utility and transportation industries</strong>, disclosed in a regulatory filing that it has increased its currently open venture capital round to $12 million.</p><p style="margin:0;padding:0px;">&nbsp;</p><p style="margin:0;">In its newly amended SEC filing, Eos indicates that it <strong>plans to eventually raise a total of up to $20 million </strong>in its current round of venture capital.</p><p style="margin:0;">Founded in 2007, Eos is focused on developing l<strong>ow-cost batteries using zinc-air technology</strong>, which are powered by oxidizing zinc with oxygen from the air. The batteries have high energy densities and are relatively inexpensive to produce, according to the company.</p><p style="margin:0;padding:0px;">&nbsp;</p><p style="margin:0;">Zinc-air <strong>batteries can range in size from very small (button cells for hearing aids) to very large ones</strong> used to power electric vehicles.</p><p style="margin:0;padding:0px;">&nbsp;</p><p style="margin:0;"><strong>Steven Amendola, </strong>Eos’ inventor, is also the inventor and founder of <strong>Renewable Silicon International (RSi),</strong> a silicon processing technology which has been funded by the Quercus Trust and has started manufacturing at its plant in Easton, Penn.</p><p style="margin:0;"><em>Image credit: Eos Energy Storage</em></p><p style="margin:0;"><a class="jive-link-external-small" href="http://www.eosenergystorage.com" rel="noopener noreferrer nofollow" target="_blank" data-e14adj="t">Eos Energy Storage website</a></p><div style="clear:both;"></div> <div style="font-size: 90%;">Tags: energy_harvast, prototype, enery_harvast, power_distribution, Alternative Energy Tags, battery, renewable, energy, energy_storage, innovation</div>