The world is facing a critical challenge of transitioning to a clean and sustainable energy system. Renewable energy sources, such as solar and wind, offer great potential to reduce greenhouse gas emissions and enhance energy security, but they also pose a major problem: intermittency. How can we ensure that the power supply is reliable and stable when the sun is not shining or the wind is not blowing? How can we balance the demand and supply of electricity in a complex and dynamic grid? How can we store excess energy for later use or for emergency situations? These are some of the questions that Joe Mastrangelo, the Chief Executive Officer of Eos Energy Enterprises, is trying to answer with his innovative battery technology.
From GE to Eos: A Journey of Passion and Innovation
Joe Mastrangelo has a long and distinguished career in the energy industry, spanning nearly three decades and various roles and sectors. He started his journey with GE, one of the world’s largest and most diversified companies, where he held several leadership positions in different businesses, such as Power Conversion, Gas Power Systems, and Oil and Gas. He was responsible for developing and deploying commercial-scale energy projects around the world, using advanced technologies and digital solutions. He was also named a GE Corporate Officer in 2008, a recognition of his outstanding performance and contribution to the company. Joe Mastrangelo has always been passionate about renewable energy and sustainability, and he saw the opportunity to make a difference in this field when he joined Eos Energy Enterprises as a Board Advisor in 2018. He was impressed by the company’s vision and mission to provide low-cost, long-duration, and safe battery storage solutions for the grid. He was also intrigued by the company’s unique technology, which uses zinc-based chemistry to create a scalable and modular battery system that can operate in various environments and applications. He decided to take the helm as the CEO of Eos in 2019, with the ambition to transform the company into a global leader in the battery storage market.
Eos Energy Enterprises: A Game-Changer for the Grid
Eos Energy Enterprises is a company that aims to accelerate the transition to a clean and resilient energy system by providing affordable, reliable, and sustainable battery storage solutions. The company’s flagship product is the Eos Znyth® battery, which is based on proprietary zinc hybrid cathode technology and offers several advantages over conventional lithium-ion batteries. The Eos Znyth® battery has a longer lifespan, lower cost, higher safety, and greater environmental friendliness than lithium-ion batteries. It can also operate in a wide range of temperatures, from -30°C to 65°C, without the need for cooling or heating systems. The Eos Znyth® battery is designed to be flexible and adaptable and can be configured in various sizes and shapes to fit different customer needs and applications. The battery can be used for purposes such as peak shaving, frequency regulation, renewable integration, microgrid support, backup power, and more. The company’s target customers include utilities, independent power producers, commercial and industrial customers, and government entities. Eos Energy Enterprises has a strong track record of delivering its battery solutions to various markets and regions, including the US, Europe, Asia, and Africa. The company has also established strategic partnerships with leading players in the energy industry, such as Siemens, Nayo Tropical Technology, and Hecate Energy. Recently, the company has gone public through a merger with a special purpose acquisition company (SPAC), raising $230 million in gross proceeds and becoming one of the first publicly traded battery storage companies in the US.
Leading with Vision and Values
As the CEO of Eos Energy Enterprises, Joe Mastrangelo is responsible for setting the vision and direction of the company, as well as overseeing its operations, strategy, and growth. He is also involved in product development, customer relations, and fundraising. He leads with a clear and compelling vision of making battery storage a mainstream and essential component of the energy system and a strong set of values that guide the company’s culture and decisions. These values include customer obsession, excellence, innovation, teamwork, and impact. Joe Mastrangelo believes that battery storage is not only a business opportunity but also a moral imperative. He is driven by a sense of purpose and passion to make a positive difference in the world and to inspire others to do the same.
The Future of Renewable Energy and Sustainable Development
Joe Mastrangelo is optimistic about the future of renewable energy and sustainable development. He thinks that battery storage is the key to unlocking the full potential of renewable energy sources and to achieving the United Nations’ Sustainable Development Goals, which are a set of 17 global objectives to end poverty, protect the planet, and ensure peace and prosperity for all by 2030. He cites examples of how battery storage can contribute to these goals, such as providing access to affordable and clean energy, reducing greenhouse gas emissions and air pollution, creating jobs and economic opportunities, empowering women and marginalized groups, and enhancing education and health outcomes. He also acknowledges some of the common misconceptions and challenges that battery storage faces, such as cost, performance, safety, and regulation. He advocates for more research, innovation, and collaboration to overcome these obstacles and to accelerate the adoption of battery storage solutions.