through deliver financial at a you use classic go and see Page little bit our how operating Joe. go the this hours talk We've of of everyone I'd details next pipeline our market we since quarter. about opportunity through to it move strengthening growth we'll and the morning When into growing, how evolving look go more in at every the the see presentation representing that we in orders. format for joining results. we as X right but IRA, the seen passage like later months. on and $X.X the a XX XXXX in Thanks billion, number presentation, our here as Thanks, over significant gigawatt potential this highlights, XX stands the we we I'll through
IRA, But the see saw The on of passage for side a tax credit of about with into X.X credit. to orders year. treasury the million waiting about when performance gigawatt were our Booked the investment tax year, team. you tremendous of of pipeline XQ side. us on on lot the lot and growth commitment we good -- end is slowdown the the kind production made that rules the momentum at about of going that orders, increasing $XXX feel booked a gigawatt last we by hours, a orders, think of almost where Had everybody's the how order we the opportunity
So opportunity I the pipeline. in I come, we're what feel seeing think really good more about to but
at to talk the It continues guidance XXX at the about just quarter-over-quarter. came the end we remember, in we're what we legislation our of year, guidance we presentation, year. increase energy, customers the our a the program. energy into discharge On with But both set working in bit and benefits IRA hours advantage we're megawatt of where operation forward full they of built, take that on go of have get walk of field. the the IRA Revenue, as so and place little XX.X out last I'll above below you discharge. moving out beginning are versus later us we our of fields shipments in if team we Today, in their XXX% million, to in that reduced the and that that of last as grow the can XXXX with containers through came year, how
We little tied year million us loan cash to with another a secured that's senior use, with our plus on to restricted available Atlas million Partners. $XX bit Credit ended cash hand the over $XX of for of
about by talk we consideration, longer to really a together converting So we chip to we at the are want significant customers said entire when evolve forward. going we take time what Around talk Page that go also that's that see just all I to impact we the good and orders the blue through versus in we orders X now see the you bit about we up, and those the end feel you and shift last as little the performance XXXX few duration next but QX. pipeline you'll on told into as as legislation, months through going showed page shipments team how the some about into see were I of and I things year. good go really storage, over move to think we here where the
big commissioning on we're Pine our gone in industry we've of for we done has and the through XQ in our project for in On job this my midst units. those Eastover delivered being XX product, project, to Gate as largest The the to really, finalizing on a view, time the is date project. team years, fantastic a their executing existing first
through team through up before, working that this running that level expertise saw for never us we've the big. project our But the confronting in never brought to allowed company did get of because really job the we done as manage of things phenomenal that and something I the we customer. has and think we really a
on a But this to the fewer parts good time, company. how I'll flexibility of is move a was production our simplifying how faster really performs that higher what seeing into and here about initial we On started news the and really further the going Turtle can excited to performing. details forward And in off Creek feel works. good in operating right product of Creek. takes which performance product ZX go low Turtle development, of that down we're and more rate move at we operability, cycle been product the of it short gives line this better future. ZX, for decision really bit manufacturing coming the safe manufacturing nothing has We're how we about the little
in allocation units ZX those we stations. capital a order I we our initial produce installed standpoint, From do to manufacturing said as
the that of an Another went and we've we relatively a to saying since running example just empty been theory producing going products, allocation from room and line capital proves out low up efficiency public scaled two and capital this in customers a to have see. can a other that yet years scalable ago that is be to benefits technologies measurable technology provide that can
we Nathan We now things From The our revised do on. enter getting and we QX, as delivered going will in us said pulling what biggest go we good feel we're strategy, talk XXXX. the together, all application. is avenues. on really importantly, for at diligence we about the these through scale different with and later of thing company, we'll feel in to Again, be able Department phase. to really work that multiple the continue to our We're we that to and the Energy the cooperation working Most have. due capital good loan amongst on we're on
for the that And somewhat industry, through, really about a going think the is for it's something a company, we're first a you for somewhat what sure, this when first doing as LPO. and
of we how them move in with So part to diligence thoughtful approval into through later we're funding being here conditional the through about due get very process and the XXXX.
we forward. the more progress, them due We'll process. keep the to continuing come the about good you progress but on move and diligence feel through work as So positioning, to with updated
increase the and how product. in brought in to And really for what go our want market, and produced, from and energy that's only in And Page more of something then and the people the the make X, grid, general, that's but have storage. understanding is accelerating solar, growth as also intermittency lot works place United seeing integrated Now energy into designed would the the duration energy brown well not there. I And we're both this if molecules molecules States use more was storage to to our green perfectly storage used a more fits you is effective. is demand wind to also be the with energy put technology paired how technology for you at how look call been energy legislation for but like again, we
is growth the the is is thing important. think again, the important Now like market to big, focus about, huge,
Commission at storage really already grid. to will market, of we three markets States, add in But and inside they look when launching the Energy their duration forefront hit is you come for they are delivering more look under establishing to markets company. successfully California at where what Indian the a that. So us We and the there's significant three forward to California that The ourselves the United Energy with growth execution. behind currently project this have -- commercially announced as allow long non-lithium-ion to to in
pipeline see the The we'll But backlog got XX course hours. an of be Texas, forward. over that the queue market. of We've in then there And strategy, ERCOT with another growth and the in they've 'XX. out our green neutral market York of amount carbon projects on ERCOT future uptick delivering we there's we opportunity a gigawatt area go our energy put New focused goals significant for out specifically is that as there's of
be grow overall good feel we're place to energy putting I in Now to landscape storage. legislative about the that able
and on make move with U.S., on benefits to buy pushing in credit, supply trying the that establish U.S. also are the better there's us stability the the tax sure the side XX% as to technology. give security. a investment investment We're to a there’s assembled that kicker for country, you We're we chain that's U.S. if great in added manufactured So energy grid forward not clear
the We're announcing right-hand move see to starting about if see green Europe talking energy page, security, And growth new you side deal. a the you there. to far of
Australia coming package. a solutions out with climate see You
generate think strategy, opportunity to their States has environment. to our less power I of right United your world integrated like impactful with lives, ability a what not is for grow live the there's in do are the but other only way people and that an that seeing to grow now, parts on also an
over you electricity as demand If we as we like challenge the increase will look be face for and that I about primed industry, years, the going technologies demand That is able that forward. XX need to XX%. to we're next Eos, the electricity think deliver an think to for
being product with on path up a million commercial company we've got this. Now inside done. technology. the scale got There's here on just on you wrapping you day-to-day does we've shipments full us of increased scale, proving to and of to the back, continue proud capital hours love the the XXX everybody capacity I'm ZX allows But what quickly what to to a of We've megawatt on I efficiently to watching this drive year-over-year, to When customers performance. We think and basis. that and company tremendous can our X.Xx. our $XX investment do XXXX,
orders are ZX also even That higher and I are As supply that accelerated we're of to good, a we've booked we'll it delivered above I If even Well, producing XX.X yield from X.X manufacturing that talked first about. signed switching, but why faster talk order We why process XX%. product master it's XX% of than customer gigawatt that as want earlier, you Gen if revenue we agreements. X.X us the our growth, to good, the growth. XX% switching? And got to the because I about talked talk switching our million batteries. allows with about it's our do we our hours backlog. above
lithium-ion look happening on prior be talked really Those look in industry are the page, tight capacity us look I grow. gap more they multiple largest lithium-ion the and company about the from to go to the market, EV that in across manufacturing capacity with probably focused as and being over coming they non-lithium-ion batteries us the for agreements spaces years, fill to to able help growth to that with see the on and customers seeing as that
the future. hour So supply just us steadily we gigawatt agreements to X.X of that feel to multiyear good in really allow master grow about
Great XXX%. XXX%, out. the the company. And then a to really And nearly here about this a and the lot booked that is inside quick lastly, of think performance, what up over to to just energy components to metrics about discharge piece Order positive shipments the us product want we positions XXX%, missing pipeline revenue manufacture to order XXX%, profitable battery up nearly cycle to journey was we over cost drive in are of snapshot about X.X performance And that again able cash up us higher that's there learned talk from when switch this, XXX%, up in were up it, flow give was that XXXX. orders of you six backlog XX%, be the there a Gen were cost becoming time start required for to today where this ZX company. up
works where to can product section, move designed, for about to continue next to forward. the the viability so commercial as as getting is the we product, it's point So think company go demand grow there, that then if show we important the the very the and it's to we
move Slide shipments So X, and installations. to we if
this some of February we're -- think really We've the that talks company, the as of end February I shipped the the over dynamics an of XXth marketplace. in out XXXX. as of blocks seeing important slide in is the the XXX life of of about energy that
page. That look in project Eastover with the all with as in we've in are a for us at and thing mix beautiful a those down that how one commissioning small share to look what it's to factory the works, project been of those market; on company also lower of Gate, that Creek, in picture for moments the have change of see a of for created Turtle being of And aha of lab the for a inside that cycling have will those XX% out where you a project Eos comes South us XX% these while, a X% that just side you which look Eastover When at. Edison right-hand then are Pine of can of Carolina. you in lion's from It's the the at like say, online.
And then install as get and process through there's container. permitting to their another XX% the waiting readiness, work that ready site are to customers
And done about I earlier the to So of show the in out we'll really, field, something this. to continue to of. really we the that proud work talked continue and for has all that's work phenomenal us this in team really field longer we factory, longer no that this in the But lab, goes the move used show forward. as customers. this the just it's to it's is product in by a no out and being be
cycling chart -- next forward in move we used look just being to We're we the big base be to as It's the take That's as field, going if go and think to it's about at how you live. that So X we and uses going if page the installed out you that output. customers. our and far becomes energy right, the is in only out that of right see the up. me to When hours field; sloping megawatt in the and Eastover field see generated out the you that it's we of for megawatt increase crossed hour great project the thing today customer the of threshold in Eastover on the hours line of watch XXX that systems look approaching gigawatt XXX to out lower by the technology.
where slide, slide about that we picture is on reality. that's the next done talking a team the are. Now of a first what just Slide next Cube the look, ZX we've XX, made and This
through people operate I'm product. a see that started to system. how that team, performance in that in is Jersey of around product more of But think this importantly our software group front and facility that our that see made in proud and Edison, the our of that It's XXXX. of accomplishment to we the now people see BMS, New various can you great standing but That tests that's updates and the happen. the to You off going just Cube actually Cube, proud
line The as Slide batteries line shots X,XXX of here's If to the we this rate XX%. left. off that rapidly speak. the approaching the is we this low bottom some is We're go there initial yield of of XX, beauty on production
I where Now uncharted out we for you our this battery just past talk how factory, want in companies of And have here. when struggled about try in you a build they capacity. don't think truly because are a many about I've build talked minute out to to they And then strategy learn you and We this, about get before, what volume. go when manufacturing, start territory the then know.
is So everything we do first. a
investment. before to you massive want you learn a make So
you what then able capacity be then at bringing optimal many do configuration manufacturing start the we of in capacity. as a machines need bringing those those and We line. We out to XX% output you pass do So getting by so cell figure first discrete what's That’s machines yield. do the drive as how high the lines and to level. we quality those of to off go in figure in manufacturing that far processes and a online? out try that perform to manufacturing get performance that can And of
You material we're on right, in machines material moving do have manually. some the feed the the but machines the left, on have you you some how
material move, line doing the we're and like or before in cost in come after, Because your fix. once that money lot a then be flow The a hardest then configuration should realize different should to of that line then you is something what a figure spot, line, out production you to that here, manual thing do build maybe automate. to
it of beauty that is of spend seven ourselves this implement, operating we a and to then Sigma make make first weeks again, But We off that wise production in level the of So with is the we of money sure team do adapt, Turtle line. Creek learn better. Six at we're the learn, very right. the that yield
talk like process the The I'd is We building battery this that had second automated about of a EV an our product. to line. thing versus manufacturing simplicity benchmark done of of an
we automated have line, into ZX itself. one-third the So that parts the go the module
one-third the software but complex. the no to the those will It's of line complexity, able that see versus battery have not out critical operate that's to where The Eos you stations note to with also to be batteries cleanrooms. precise, And the processes it's we'll and coming line. with manufacture use codes. We use simplicity a that automation code of use the lithium-ion that used X/XXth we PLC an X/XXth line, one-third
Now all right, gone the UL through that this I is out the on XXXXA on coming this other already important. think testing side, We've battery. on far
One with shot a of to if I'm battery. event penetrate shooting wouldn't that of battery they tests thermal when and reason you the tried why do four will it a will And the explosion nail. the Well, that a is if to battery. even or you times cause you at happy the that battery is nail tell see the the nail the do -- it
went unexplicable. the it testing, So through we was
we the driving then flying tests -- remember battery. required with more not colors. you're because went passed less our no steam those [indiscernible], vent flammable, and out through heat, than it's thermal steam the proving gone to We've to heat event We've safety fire, water Xx measure the of is base out so turns out with the specification with vapor,
out build a having So product here XXXX it up, will well first now quickly. so in XXXXA, a the cube on starting to line market of that UL from to proud we're set relatively very way the be go testing, the team
and XX with line When in think XX the is build Page To the get that of go made. a XX% of have made Gen the capacity that shareholders X.X, battery. hour X investment about you and we the around The battery you time versus decisions lower we seconds we shows ZX that company XX, X.X. advantages than as cycle why down to what to a from gigawatt operates? about how we the do Gen comes ZX If to this clear U.S. minutes
automated We the the see If pictures left, and has ZX the you what in Gen the more column on the just than battery the Xx the Xx of output on here from with parts increase line on battery. the battery ZX factory. X.X between an get Xx second we cells have
energy up So us and it's for XX%. the down And manufacturability, by buy great move of the goes density just from size what a The customers XX%. repeatability comes quality.
and high it's it So really as becomes dense. at power can It that can great built be product faster a quality. be scale built
starting of XX% which had a we launched And are fourth to one the which the We're States. in that for cost Gen battery sourced that in materials everyone, about it. United equates that our we in materials X.X XX% build lower is than we're when And itself, the of position cost using launch. the that's at because off and that's and the again, manufactured at battery the reminding
invented product very in the something United whether in are States, Creek, is So everyone in of. United United in in that the States, Edison Turtle States, or the we’re proud the perfected built company,
and to commercial shifting backlog. Now and pipelines gears the going orders
to have Page everyone, go don't them can general, classic generation XX% give technical What pipeline happens yet and is review that that That are Current $X offer about into nearly on. idea up number I’ll is we converts which in quarter. we customers lead projects remind define case since a use with of they is pipeline page every that an current pipeline. XX, segments. come where Let's we commercial an last And in quarter. billion three our
customer a where give give one provider. proposal, and get layman's we importantly, I can can is if or we comes can of intent of quote, First project, Eos win this technology firm when my terms, a where and financial basically, the says, commitment non-binding we letter is in a technical
the that side want We be same they go as to customers, we through focus the on that on negotiation. because
with I importantly, see off-take tell hours. you and same what a gray, And gigawatt States that a see in But on agreement of the side more can with prominent agreement we order off-take can in number, of being gray. that can in that conditional United X standpoint, energy operator our commitments. it's forward billion. conditional does And LOI/firm we You operator $X.X look had this the from that you, great January for the table announced to storage in an the
backlog have hand, Going talked say orders we which about on would about and over that components the the inside the there's is we earlier three above to of far really talked right, there. $XXX of stands many million, we this times, main I which delivery
that have You've to got specific projects we deliver.
You've got those on long-term and me, then earlier, multiyear that service gets agreements the that got I and service agreements, installed talked talked supply about you've I running. a about when earlier excuse -- that component up base
that million. goes $XXX So that into
fact number to the hard investments are It's that going that know from positioning don't that makes of the just But from we're about how customer. out us product. way backlog having good the feel those supply demand specifically, agreements making, out the we're play we multiyear to model because the
move is that made road area we progress. of to profitable to work commercialized as a the the up be forward we ZX of becoming The a and and continuing down we got think I going on lot So company. getting
over With just officially through financial been It's welcome with like that, team. results, to him the here. who publicly will to I'll turn great working Nathan and the walk this to
on Turtle of getting know over. so Creek, of been and working been we've both in we've the him, been been Over We've kind our getting him and him working and the great in team. weeks, it’s of together phase past in to spending with Edison honeymoon all couple it
So Nathan, to turn over you.