08:58 AM EDT, 07/01/2024 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) said Monday it has launched commercial production on its manufacturing line in Pennsylvania that is expected to improve its ability to meet the demand for long-duration energy storage.

The company said the facility in Turtle Creek will allow it to produce Eos Z3 batteries at scale, which it expects to cut production costs by almost half due to improved overhead costs and variable labor utilization.

With the line, the company said it will start boosting manufacturing capacity over the next six months to 1.25 GWh of annualized manufacturing capacity.

The company also said there are plans for expansion for 2 GWh on line 1 with further investment and to build three additional lines to reach 8 GWh of annualized capacity.

Shares of Eos were up over 7% in premarket activity.

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