Core Viewpoint - Eos Energy Enterprises, Inc. has received a second loan advance of $22.7 million from the Department of Energy, completing the maximum allowable amount under the first tranche of $90.9 million, aimed at expanding its manufacturing capabilities for zinc-based battery energy storage systems [1][2][5] Group 1: Financial Developments - The loan advance covers 80% of eligible costs related to the Company's production expansion plans for Project AMAZE, supporting efforts to meet growing customer demand [2] - Eos has successfully closed $336 million in concurrent offerings of common stock and convertible senior notes, which has restructured the Company's balance sheet and lowered its cost of capital [5] Group 2: Production and Capacity Expansion - Production volumes at Eos' first manufacturing line are increasing weekly, with a target capacity of 2 GWh [3] - The Company has submitted a purchase order for its second manufacturing line, which is a significant step in expanding U.S. production [4] Group 3: Strategic Objectives - Eos aims to scale operations to meet the rising demand for energy storage solutions, particularly in AI-driven load growth and data centers [3] - The Company is focused on building a robust domestic supply chain and creating high-quality American jobs through its manufacturing initiatives [5][6]

Core Insights - Eos Energy Enterprises, Inc. has successfully closed a $250 million offering of convertible senior notes due 2030, enhancing its financial flexibility to scale operations and meet global demand for long duration energy storage [1][2][3] - The company has strategically repurchased maturing debt and restructured its capital, resulting in approximately $400 million in savings over the terms of its debt [3][4] - Eos is expanding its manufacturing capabilities with a new state-of-the-art battery module manufacturing line expected to be operational in the first half of 2026, reflecting strong demand [7][8] Financial Position and Capital Structure - The recent capital raise was oversubscribed, indicating strong investor confidence in Eos' market potential and strategic plan [2] - Proceeds from the offerings were utilized to fully repurchase a $125.9 million convertible senior note due 2026, saving $8.3 million in interest [5] - The company reduced the interest rate on its Delayed Draw Term Loan (DDTL) from 15% to 7%, significantly lowering its cost of capital [5] Operational Momentum - Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments exceeding Q1, showcasing strong manufacturing execution [8] - Eos is implementing automation enhancements to improve production efficiency, including the installation of its first bi-polar sub-assembly [7][9] Technological Advancements - Eos is advancing its Z3 energy storage system, achieving round trip efficiency above 80% and exceeding 90% for some longer duration applications [10][12] - The company's inline cube design has demonstrated significant cost efficiencies, with a recent project showing a 96% reduction in installation costs [11] Strategic Partnerships and Market Position - Eos has partnered with PA Consulting Group to quantify the value of its technology, demonstrating potential for 30-50% higher revenues over the life of a project compared to incumbent technologies [12] - The company is well-positioned to meet the growing demands for energy storage solutions, contributing to grid reliability and resilience in the evolving energy landscape [13]

NEW YORK, June 7, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Eos Energy Enterprises, Inc. ("Eos" or the "Company") (NASDAQ: EOSE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Eos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 27, 2025, Eos ...

NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Eos Energy Enterprises, Inc. (“Eos” or the “Company”) (NASDAQ: EOSE).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Eos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 27, ...

Company Overview - Eos Energy Enterprises, Inc. is a leader in designing, manufacturing, and providing zinc-based long duration energy storage systems in the United States [3] - The company aims to accelerate American energy independence with innovative solutions that transform energy storage [3] - Eos's Znyth™ aqueous zinc battery is designed to address the limitations of conventional lithium-ion technology, offering safety, scalability, efficiency, and sustainability [3] Recent Developments - Eos announced its participation in the Stifel 2025 Boston Cross Sector 1x1 Conference, where CEO Joe Mastrangelo will attend and engage in 1x1 investor meetings [2] - Investors interested in meeting with Eos management are encouraged to contact their representatives at Stifel [2] Product and Market Position - Eos provides a reliable energy storage alternative for utility, industrial, and commercial customers, with applications ranging from 3 to 12 hours [3] - The company was founded in 2008 and is headquartered in Edison, New Jersey [3]

EDISON, N.J., May 30, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced the pricing of an offering of 18,750,000 shares of common stock at a price to the public of $4.00 per share (the “Offering”). The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act”). The Company has granted the underwriters of the Offering, a 30-day option to purchase up to an additional 2,812,500 shares of common stock, at the publi ...

EDISON, N.J., May 30, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced the pricing of its offering of $225,000,000 aggregate principal amount of 6.75% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering ...

Core Viewpoint - Eos Energy Enterprises, Inc. plans to offer $175 million in convertible senior notes due 2030, with an additional option for purchasers to buy up to $26.25 million more, to strengthen its financial position and support corporate initiatives [1][5]. Group 1: Offering Details - The notes will be senior, unsecured obligations, maturing on June 15, 2030, and will accrue interest payable semi-annually [2]. - Noteholders can convert their notes into cash, shares of common stock, or a combination, at the company's discretion [2][4]. - The notes are redeemable at Eos's option starting June 20, 2028, under specific conditions related to the stock price [3]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be used to repurchase existing convertible senior notes due 2026, prepay a portion of the credit agreement, and for general corporate purposes [5]. - A prepayment of $50 million under the credit agreement will reduce the PIK interest rate from 15% to 7% and waive financial covenants until 2027 [5]. Group 3: Additional Offerings - Eos also intends to offer $75 million of its common stock, with an additional $11.25 million option for underwriters, independent of the notes offering [6].

Core Viewpoint - Eos Energy Enterprises, Inc. has initiated a $75 million common stock offering to raise funds for various corporate purposes, including debt repayment and general corporate needs [1][2]. Group 1: Offering Details - The common stock offering is for $75 million, with an option for underwriters to purchase an additional $11.25 million [1]. - Eos plans to use the net proceeds to repurchase outstanding convertible senior notes, prepay a portion of its credit agreement, and for general corporate purposes [2]. - The offering is subject to market conditions and there is no assurance regarding its completion or terms [1][2]. Group 2: Convertible Senior Notes - Eos intends to offer $175 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $26.25 million [3]. - The completion of the common stock offering is not contingent on the notes offering, and vice versa [3]. Group 3: Financial Implications - Prepaying $50 million of the credit agreement will reduce the PIK interest rate from 15% to 7% and waive financial covenants until 2027 [2]. - The company is conducting the offering under an effective shelf registration statement [5]. Group 4: Company Overview - Eos Energy Enterprises focuses on energy storage solutions, particularly its Znyth™ aqueous zinc battery, which aims to provide a sustainable alternative to lithium-ion technology [7]. - The company was founded in 2008 and is headquartered in Edison, New Jersey [7].

Core Insights - Eos Energy Enterprises has secured a repeat order with Faraday Microgrids to deploy a 3 MW / 15 MWh Eos Z3™ system for a commercial microgrid application on tribal land in California, highlighting the reliability of Eos' technology and trusted partnerships [1][3] - The project, partially funded by the California Energy Commission, aims to develop a renewable energy microgrid that enhances resilience, provides backup power, and delivers demand savings [2][4] - This deployment marks Eos' eighth project with the California Energy Commission and second with Faraday Microgrids, underscoring the company's growing presence in California's energy market and commitment to American energy independence [4] Company Overview - Eos Energy Enterprises specializes in zinc-based long duration energy storage systems, designed and manufactured in the United States, with a focus on overcoming the limitations of conventional lithium-ion technology [5] - The company's Znyth™ aqueous zinc battery is safe, scalable, efficient, and sustainable, providing a reliable energy storage alternative for utility, industrial, and commercial customers [5] Industry Context - The project supports the development of distributed energy resources, contributing to grid-edge power stability and availability, particularly for Native American communities [4] - Eos' technology aligns with California's commitment to advancing Made-in-USA energy storage applications, reflecting a broader trend towards renewable energy solutions in the state [4]