Core Viewpoint - Eos Energy Enterprises, Inc. has announced the pricing of a $525 million offering of 1.75% convertible senior notes due 2031, increasing from a previously announced size of $500 million, with settlement scheduled for November 24, 2025 [1][5] Group 1: Offering Details - The notes will be senior, unsecured obligations with an interest rate of 1.75% per annum, payable semi-annually starting June 1, 2026, and maturing on December 1, 2031 [2] - Noteholders can convert their notes under certain conditions before September 3, 2031, and at any time thereafter until two trading days before maturity, with an initial conversion rate of 61.3704 shares per $1,000 principal amount, equating to a conversion price of approximately $16.29 per share, representing a 27.5% premium over the last reported sale price [2][3] - The notes are redeemable at Eos's option starting December 5, 2028, under specific conditions related to the stock price exceeding 130% of the conversion price [3] Group 2: Use of Proceeds - Eos estimates net proceeds from the offering to be approximately $507.9 million, or $580.5 million if the option for additional notes is fully exercised, intended for repurchasing existing convertible notes and general corporate purposes [5][7] - Concurrently, Eos is offering 35,855,647 shares of common stock at $12.78 per share in a registered direct offering [6] Group 3: Repurchase of Existing Notes - Eos has entered into transactions to repurchase $200 million of its existing 6.75% convertible senior notes due 2030 for approximately $564.6 million, including accrued interest, with terms dependent on various market factors [7] - Certain holders of the existing notes may engage in market activities that could affect the trading price of Eos's common stock and the notes [8] Group 4: Company Overview - Eos Energy Enterprises focuses on energy storage solutions, utilizing its innovative Znyth™ technology, which is a safe and scalable alternative to conventional lithium-ion technology, suitable for various energy storage applications [11]

Core Viewpoint - Eos Energy Enterprises, Inc. has announced a registered direct offering of common stock and a concurrent private offering of convertible senior notes, aiming to raise approximately $458.2 million for repurchasing existing convertible notes and for general corporate purposes [1][2][3]. Group 1: Offering Details - The registered direct offering consists of 35,855,647 shares priced at $12.78 per share, expected to close on November 24, 2025 [1]. - The concurrent private offering includes $525 million of 1.75% convertible senior notes due 2031, with an option for an additional $75 million [3]. - The completion of the registered offering is contingent upon the successful closing of the concurrent notes offering [5]. Group 2: Use of Proceeds - Proceeds from the offerings will be used to repurchase a portion of the existing 6.75% convertible senior notes due 2030, with a total repurchase price of approximately $564.6 million [2][4]. - The repurchase will include accrued and unpaid interest and is subject to various market conditions [4]. Group 3: Company Overview - Eos Energy is focused on advancing American energy independence through innovative energy storage solutions, specifically its BESS featuring Znyth™ technology, which is a safe and scalable alternative to lithium-ion technology [8]. - The company's energy storage systems are designed for utility-scale, microgrid, commercial, and industrial applications, providing long-duration energy storage capabilities [8].

EDISON, N.J., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced that it has commenced a registered direct offering of common stock (the “Offering”) to a limited number of purchasers. The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act”). The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, if at all, or as to ...

Core Viewpoint - Eos Energy Enterprises, Inc. has successfully exercised approximately 6.7 million public warrants, generating gross proceeds of about $76.9 million, which will enhance the company's liquidity as it accelerates production and expands its manufacturing capacity [1][2][3] Group 1: Financial Performance - The exercised warrants were originally issued at a price of $11.50 per share and have contributed to the company's fully diluted share count [2] - The expiration of the EOSEW public warrants occurred on November 17, 2025, with a few additional exercises still pending [2] Group 2: Business Operations - The additional capital will support Eos in accelerating the production of its Z3 technology and managing its growing commercial backlog and pipeline [3] - Eos Energy is focused on American energy independence through innovative zinc-based battery energy storage systems (BESS), which are designed for various applications including utility-scale and microgrid solutions [4] Group 3: Technology and Market Position - The company's BESS utilizes Znyth™ technology, which is a safe, non-flammable, and stable alternative to conventional lithium-ion technology, providing long-duration energy storage capabilities [4]

Core Insights - Eos Energy Enterprises, Inc. has announced a $24 million economic development package in partnership with Pennsylvania to enhance U.S. manufacturing and create 1,000 high-quality jobs [1][2] - The expansion includes a new 432,000 sq. ft. manufacturing facility in Marshall Township, PA, aimed at increasing annual energy storage capacity to 8 GWh [3] - Eos will also establish a software hub in Pittsburgh to support its battery management system and enhance its workforce [4][5] Group 1: Economic Development and Job Creation - The joint $24 million economic development package is designed to support U.S. manufacturing and job growth, particularly in the energy sector [2] - The initiative is expected to create 1,000 high-quality jobs, reflecting a commitment to advancing energy innovation in Pennsylvania [2] Group 2: Manufacturing Expansion - Eos will expand its manufacturing capacity with a new facility that will complement its existing operations, transitioning to high-efficiency, large-scale production [3] - The new facility is part of a broader strategy to scale operations in response to increasing market demand, particularly driven by advancements in AI infrastructure [2][3] Group 3: Technological Innovation - The establishment of a software hub at Nova Place in Pittsburgh will focus on the development of Eos' proprietary battery management system, DawnOS [4][5] - Eos plans to deepen its partnership with Carnegie Mellon University to cultivate a skilled workforce in robotics, AI, and engineering [5][6] Group 4: Strategic Vision - Eos aims to position Pennsylvania as a national hub for energy, technology, and manufacturing innovation, reinforcing its commitment to energy independence [1][4] - The company's CEO emphasized the importance of American manufacturing and innovation in achieving a more energy-efficient and secure future [3]

Core Viewpoint - FTAI Infrastructure Inc.'s subsidiary, Delaware River Partners LLC, has received approval for the construction of underground caverns for liquefied petroleum gas storage, marking a significant expansion project along the Delaware River in New Jersey [1][2]. Group 1: Project Details - The Repauno Port and Rail Terminal will construct two underground granite caverns, each with a storage capacity of over 600,000 barrels, in addition to an existing cavern that holds 180,000 barrels [2]. - The underground storage caverns will be located over 700 feet below ground, positioning Repauno as a major energy hub for bulk liquid storage and enhancing its role in the international energy economy [3]. Group 2: Economic Impact - The construction of the caverns is expected to create over 500 local, well-paying union jobs and contribute to local commerce, aiding in the revitalization of the Delaware River industrial waterfront [5]. - The project aims to meet the growing demand for safe and reliable energy storage, thereby supporting American energy independence and long-term U.S. energy goals [4]. Group 3: Company Overview - FTAI Infrastructure focuses on investing in critical infrastructure sectors such as rail, ports, terminals, and power and gas, which generate strong cash flows and have potential for earnings growth and asset appreciation [6].

Core Insights - Eos Energy Enterprises has appointed John Mahaz as Chief Operating Officer to lead operations, supply chain, and manufacturing strategy during a critical phase of commercial scale-up [1][4][5] Company Overview - Eos Energy Enterprises is an American energy company specializing in zinc-based battery energy storage systems (BESS) manufactured in the United States [1][6] - The company's BESS utilizes innovative Znyth™ technology, which is a safe, non-flammable, and scalable alternative to conventional lithium-ion technology [6] Leadership Background - John Mahaz brings over 30 years of experience in global manufacturing, operations, and supply chain, previously serving as Senior Vice President of Operations at Jabil Inc., generating over $14 billion in annual revenue [2][3] - Mahaz has a proven track record of operational excellence, having led multiple facilities to win the Shingo Prize for Operational Excellence [3] Strategic Goals - The company aims to achieve operational excellence to meet growth objectives and expand its footprint in the energy storage industry [4][5] - Mahaz's leadership is expected to help Eos scale operations globally and drive efficiency to meet increasing customer demand for reliable, sustainable power [5]

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 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]