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.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978