Eos Energy Storage Taps New SVP of Global Sales and CFO with Extensive Renewable Energy and Energy Storage Industry Experience
New Executives Demonstrate Company Maturity and Global Momentum
Eos
Energy Storage (“Eos”), makers of the safe, ultra-low-cost Znyth®
battery, today announced the addition of two energy industry leaders to
the company’s executive team. Jeff Wiener, former Director of Global
Sales – Energy Storage at General Electric, joins as the company’s
Senior Vice President of Global Sales, and Chris Gerlach, former Vice
President of Finance at Solar Reserve, joins as the company’s Chief
Financial Officer. The experience each brings from leadership roles at
international energy companies adds momentum to Eos’ global expansion
and commercialization of its utility-scale energy storage technology.
“We’re incredibly excited to add these industry veterans to the team,”
says Jim Hughes, Eos Chairman of the Board and former First Solar CEO.
“Their combined experience strengthens capabilities around product
deployment, bankability and financing, and will reinforce Eos’ position
as the go-to supplier for safe, cost-effective energy storage.”
As Senior Vice President of Global Sales, Wiener will leverage his
customer and industry experience to build and scale Eos’ brand globally,
finding new opportunities and applications for the Eos Aurora®
battery. Wiener spent 36 years in GE’s power segment, playing roles in
wind, thermal and hydro services, and most recently directed sales for
the company’s energy storage division. Under Wiener’s sales leadership
at GE, the company deployed more than 55MW of capacity in 2016 alone,
one of the leading market shares in the industry.
“I watched Eos for a number of years as they brought the Aurora product
to market, constantly meeting key business milestones: It is now ready
to go mainstream,” says Wiener. “In addition to its industry leading
cost position, I believe the Eos Aurora has significant advantages over
other technologies in terms of full depth of discharge operation,
modular design, installation simplicity and system safety. With industry
leaders like Jim Hughes and CEO Michael Oster, I have great trust and
belief in the leadership team, and I’m glad to be a part of it. I’m
delighted to be working with Chris.”
Chris Gerlach possesses a diverse background in finance and banking in
the renewable energy sector as well as in the oil and gas, conventional
power and telecommunications industries. In his previous role as
SolarReserve’s Vice President of Finance and Global Head of Structured
Finance, Gerlach was instrumental in financing the first
commercial-scale power tower with storage which entered into commercial
operation in late 2015. The project involved 1,100MWh of storage
capacity, a figure greater than all commercially-deployed battery
storage in existence at the time.
“I was drawn to the versatility of Eos’ revolutionary battery product,
which can be brought to bear on a vast array of applications, from peak
shaving and reliability-enhancing backup power to renewables integration
and microgrids,” says Gerlach. “The cost effectiveness of Eos’
proprietary technology creates an enormous opportunity to disrupt the
market and lead lithium ion from a price, safety and longevity
perspective. With commercial deployments now going into the field, Eos
is setting a new standard in the industry.”
Eos is preparing for the global expansion of its safe, robust and
cost-effective grid-scale energy storage solutions. The company’s core
product—the Eos Aurora 1000│4000—is a 1MW|4MWh DC battery system
employing Eos’ aqueous, zinc-based Znyth technology. Under pricing
announced by Eos in April, the company is taking orders today for
volume purchases at $160 per usable kWh for shipment in 2017 and $95 per
usable kWh for shipment in 2022. Eos also recently announced the
company’s first
South American deployment of its grid-scale Aurora system as part of
a 5 MW hybrid solar and wind demonstration project developed by ENGIE in
Brazil.
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About Eos Energy Storage
Eos’ mission is to deliver energy storage solutions that enable safe,
reliable, and affordable electricity for utilities and their customers.
Eos produces a long-life, inherently safe, and easy-to-install DC
battery system designed for grid-connected as well as commercial and
industrial markets. The Eos Aurora® is the lowest-cost and
highest-performance energy storage system designed to optimize grid
infrastructure, enhance reliability, and control energy costs. Eos is
located in Edison, NJ, and New York, NY; For more information, please
visit www.eosenergystorage.com.
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