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CLEAN ENERGY STORAGE COMPANY EOS SIGNS NEW LEASES AT RIDC KEYSTONE COMMONS
Aerial shot of RIDC Keystone Commons
Pittsburgh, PA—February 24, 2022— Eos Energy Enterprises, a clean energy storage company, has signed a 5-year lease with Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) at Keystone Commons for 60,765 square-feet of space in the North Building and 46,582 square-feet of space in the S Shop, which comprises the building’s entire first floor.
Eos’s new space will be used for battery manufacturing and logistics. Eos will begin moving into the new facility in March but expects to be fully operational in September.
“As the former home of Westinghouse Electric, this site holds historical significance and a legacy of innovation,” said Joe Mastrangelo, CEO of Eos Energy Enterprises. “Our collaboration with RIDC will continue that legacy by creating a rebirth in American manufacturing to deliver the energy needs of today and tomorrow.”
“There’s a growing clean energy cluster in Pittsburgh,” said Donald F. Smith, Jr., RIDC President, “and innovative companies like Eos are advancing the world towards the more efficient, more sustainable future we need. Their continued growth is the latest example of how the Pittsburgh region is becoming home to many of the industries that are going to power our economy in the future.”
“The Mon Valley is seeing a lot of promising growth,” said Timothy White, RIDC Senior Vice President of Development. “Not only are its previously shuttered historic sites being redeveloped they are bringing in 21st Century, economy-driving jobs. In addition to the Keystone Commons, RIDC has five other major developments in the Mon Valley, including the Carrie Furnace site, City Center of Duquesne, The Pittsburgh Technology Center, Mill 19 at Hazelwood Green, and McKeesport.”
The mission of the Regional Industrial Development Corporation is to catalyze and support economic growth and high-quality job creation through real estate development and finance of projects that advance the public interest. A not-for-profit entity, RIDC has developed over 2,800 acres in 14 industrial and innovation parks and manages over 7 million square feet.
Formerly Westinghouse Electric Corporation’s East Pittsburgh/Turtle Creek complex, Keystone Commons was bought by RIDC with the goal of redeveloping it into a world class, multi-use, urban industrial facility. Several of its original buildings have been rehabilitated and now house over 40 companies, employing about 1,100 people. The site features 2.25 million square feet of industrial, warehouse, manufacturing and office space. More information is available at www.ridc.org.
Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable — and manufactured in the U.S. — it’s the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.
Pittsburgh Business Times – Eos Energy Enterprises takes more than 100,000 square feet at Keystone Commons