The company says the technology will be unveiled publicly at WETEX for the first time worldwide and is manufactured without lithium or rare earth elements. These performance and materials statements are company claims.
The announcement gives no independent test, battery chemistry, measurement conditions, production scale, cost or commercial sales date. The technology is due to be shown at the Dubai exhibition on 20–22 October; exhibiting it does not establish commercial readiness.
Iberdrola España said it has installed more than 85,000 private charging points and over 12,000 public ones, taking its total above 97,000. The company says it accounts for one in five chargers installed in Spain.
US battery maker Eos Energy estimated third-quarter revenue of $82 million to $83 million and a gross margin of negative 55% to negative 53%. The company said the figures are preliminary and it will publish its full financial report later.
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