Investors witnessed Eos Energy Enterprises (NASDAQ:EOSE) soaring by 3.6% in early trading on Thursday following the revelation of its multiyear partnership with SABIC, a major player in Saudi Arabia. The collaboration aims to deliver a specialized lightweight conductive composite thermoplastic tailored for the Eos Z3 long duration energy storage cube.
Eos (EOSE) and SABIC’s partnership traces its roots back to 2019, marking the beginning of a rigorous multi-year research and development effort culminating in this groundbreaking lightweight material innovation.
One of the pivotal achievements of this collaboration is the creation of the Eos Z3 battery module, which impressively weighs 80% less than its predecessors. The remarkable efficiency drives streamlined manufacturing processes, enabling lower costs and higher performance.
Adding to this progressive stride, Eos (EOSE) recently appointed TETRA Technologies as the preferred strategic supplier of electrolyte products for the new Eos Z3 battery module, further enhancing its value proposition in the market.