The advanced battery developer's series C round was backed by investors including solar power providers OCI and NRG Energy.
US-based advanced battery developer Eos Energy Storage closed a $23m series C round yesterday featuring solar power producer OCI Solar Power and energy company NRG Energy.
Energy and infrastructure-focused investment firm AltEnergy led the round, which also included “nearly all of Eos’s prior investors”, including real estate firm Fisher Brothers.
Eos produces and sells low-cost energy storage systems generally used to store surplus power generated by renewable energy installations for use later.
The company’s latest product is a 1 MW…
