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  "authorName": "Eos Energy Storage",
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      "text": "Global Energy Storage Market is at its Inflection Point; Superior Technology to Lithium-ion Incumbent; Scalable Manufacturing and Robust Pipeline; Revenue and Cashflow Potential; Premier Management and Investors",
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      "text": "Estimated 2022 and 2023 revenue of ~$270m and ~$735m; 2024 revenue of $1bn+; Estimated EBITDA positive by 2022; 2023 and 2024 Adjusted EBITDA reaching ~$60m and between $150m and $300m",
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      "text": "Energy storage market expected to grow at a ~20% CAGR through 2040; Energy storage market to reach 350 GWhs by 2025; 2,850 GWhs / ~$340bn annual market by 2040; Critical need for domestic battery production; Meaningful regulatory tailwinds",
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      "text": "Eos's aqueous zinc chemistry is ~30% cheaper; Fully recyclable, not flammable and not toxic; Made in America",
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      "text": "~$160m invested to date; Joe Mastrangelo (CEO) – Led multiple GE energy units for 12+ years",
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      "text": "Modular and patent protected manufacturing; GWh factory deployable anywhere <12 months for <$30m; Actively pursuing 14.5 GWh orders & pipeline; Customers include renewable energy developers, utilities, residential and commercial real estate",
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      "text": "Sources: BNEF, Wood Mackenzie / GTM. (1) Not including EV charging segment; assuming $120/kWh in line with BNEF energy storage forecast for 2024 (2) Based on management's projections",
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