Eos Energy won a Pentagon contract for long-duration energy storage for the Golden Dome anti-missile shield. Shares rose on the news.
Eos Energy Enterprises said it was awarded a contract by the U.S. Department of Defense to provide long-duration energy storage for the Golden Dome anti-missile and air defense shield. Shares rose on the announcement.
The contract covers the supply of the company's zinc-based battery systems for the shield's ground-based infrastructure. Eos Energy did not disclose the contract value or the deployment timeline.
The Golden Dome program is the Pentagon's effort to build a layered defense against ballistic and cruise missiles, as well as aerial threats. Eos Energy's technology is designed to store energy for extended periods, which Eos Energy says is suited for military installations that require backup power during grid disruptions.
The award marks Eos Energy's first major defense contract. The company, based in Edison, New Jersey, has been focusing on long-duration energy storage for commercial and industrial applications.
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