Eos Energy Enterprises Inc. stock rose 5.6% following an announcement by Bimergen Energy Corporation on February 24, 2026. Bimergen announced that its Redbird project, a 100 MW / 400 MWh battery energy storage system in Texas, has been formally approved for participation under a Joint Development Agreement. Bimergen selected Eos Energy Enterprises' Z3 zinc-based battery technology for the Redbird project. Bimergen Energy Corporation is a U.S.-based independent power producer specializing in utility-scale battery energy storage systems. The Redbird project represents a significant deployment of Eos Energy's Z3 technology for a utility-scale application.
Read full analysisEos Energy Enterprises Inc. stock rose 5.6% following an announcement by Bimergen Energy Corporation on February 24, 2026. Bimergen announced that its Redbird project, a 100 MW / 400 MWh battery energy storage system in Texas, has been formally approved for participation under a Joint Development Agreement. Bimergen selected Eos Energy Enterprises' Z3 zinc-based battery technology for the Redbird project. Bimergen Energy Corporation is a U.S.-based independent power producer specializing in utility-scale battery energy storage systems. The Redbird project represents a significant deployment of Eos Energy's Z3 technology for a utility-scale application.
Eos Energy Enterprises designs and manufactures zinc-based battery storage systems for grid-scale applications, targeting utilities, data center operators, and renewable energy developers. The company is deeply pre-profitability with roughly $63 million in trailing revenue against over $1 billion in net losses, making its DOE loan relationship — recently amended to ease covenant requirements — a financial lifeline. Today's selection by Bimergen for a 400 MWh Texas project adds to the commercial pipeline ahead of Thursday's Q4 earnings, a make-or-break quarter for management's revenue guidance.