Can long-duration energy storage survive a SPAC?

April 02, 2021 | Case Study

Eos Energy is one of the few long-duration energy storage developers directly going after Li-ion stationary storage, claiming lower costs and higher safety. Li-ion batteries regularly hold 98% to 99% market share in regions utilizing stationary storage. Opportunities for long-duration energy storage in the range of four- to 10-hour discharge are growing rapidly as nondispatchable renewables continue growing and governments push for retiring thermal power generation assets. The growing interest in climate tech has led to a burst of other startups going public via a special acquisition company (SPAC), in which a technology developer merges with a shell company to supply upfront capital and avoid some stricter requirements for going public.