Eos Energy Enterprises (NasdaqCM:EOSE) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsCraig Shere - Director of ResearchElizabeth Higley - Head of Investor RelationsFrancis Richey - CTOJoe Mastrangelo - CEOJohn Mahaz - COOMark Strouse - Executive DirectorNathan Kroeker - Chief Commercial Officer and Interim CFOStephen Gengaro - Managing DirectorConference Call ParticipantsJeff Osborne - Managing Director and Mobility Technology Research AnalystJulien Dumoulin-Smith - Equity Research ...

ContactsCompany [investors@essinc.com]Investor Relations Chris Tyson Executive Vice President MZ Group – MZ North America Phone: (949) 491-8235 [GWH@mzgroup.us] [www.mzgroup.us]Industry:- [Hardware]- [Batteries]- [Energy]- [Green Technology]- [Other Technology]- [Utilities]- [Other Energy]- [Technology]- [Environment]### ESS, Inc.NYSE:GWH---Release SummaryESS Appoints Randall Selesky as Chief Commercial Officer to Accelerate Global GrowthRelease Versions[English]---### ContactsCompany [investors@essinc.com] ...

Vancouver, British Columbia – TheNewswire - Feb.11, 2026 – VanadiumCorp Resource Inc. (TSX‑V: VRB) (FSE: NWNA) (OTC: VRBFF) (“VanadiumCorp” or the “Company”) is pleased to report interim results demonstrate selective vanadium extraction and support continued optimization of the flowsheet. The metallurgical testing program was conducted by Impact Global Solutions Inc. (IGS) on bulk samples from its flagship Lac Doré vanadiferous titanomagnetite property, located near Chibougamau, Québec.  The testing progra ...

Company Overview - Eos Energy Enterprises, Inc. designs and manufactures stationary battery storage solutions, with its flagship product being the Eos Znyth DC battery system, focusing on long-duration energy storage for utility, commercial, industrial, and renewable energy clients across the U.S. [5] Transaction Summary - Nathan Kroeker, CCO and Interim CFO, sold 50,000 shares for approximately $802,000 on January 26, 2026, through an option exercise and immediate sale [1] - The transaction value was based on a weighted average purchase price of $16.04, with a post-transaction value of approximately $10.73 million based on the market close of $16.19 on the same day [2] Ownership Impact - Following the sale, Kroeker's direct shareholding decreased by 7.0% to 662,512 shares, with no mention of indirect shares [8] - This sale was smaller than the previous sell event of 152,856 shares in May 2025 and below the recent median sell size of 85,377 shares [8] Market Performance - Eos Energy's stock experienced a significant increase, with share prices rising approximately 131% in 2025 and an additional 25% in January 2026 [9] - The company announced the launch of its new energy storage solution, Eos Indensity, which is expected to enhance its market position amid a global shift towards electric energy [7][9] Financial Metrics - As of January 31, 2026, Eos Energy's stock price was $14.64, with a market capitalization of $4.74 billion and a revenue of $63.46 million for the trailing twelve months [4] - The stock has shown a 1-year price change of 169.12% [4]

Core Insights - Eos Energy Enterprises has successfully closed a convertible senior notes offering and a common stock offering, raising approximately $580.5 million and $458.2 million respectively, significantly strengthening its balance sheet [1][2][3] - The financing will enhance Eos' manufacturing capabilities and support its commercial pipeline, which has reached $22.6 billion, indicating strong demand for long-duration energy storage solutions [3][4] - The company aims to capitalize on the growing energy supercycle and position itself as a leader in the long-duration energy storage market [5] Financing Details - The convertible senior notes have a 1.75% interest rate and are due in 2031, with a total principal amount of $600 million issued [1] - The common stock offering involved 35,855,647 shares sold at $12.78 per share [2] - Proceeds from the offerings will be used to retire $200 million of 6.75% convertible senior notes due 2030 and to enhance liquidity by adding approximately $474 million to the balance sheet [8][9] Strategic Implications - The refinancing will lower Eos' cost of capital and interest expenses, providing the liquidity necessary for operational growth and U.S.-based production [4] - The company has issued a warrant to the U.S. Department of Energy for up to 570,000 shares, allowing for potential equity upside as Eos scales its business [6] - The successful financing and oversubscription reflect strong investor confidence in Eos' market potential and strategic direction [3][4]

Financial Data and Key Metrics Changes - For Q3 2025, the company reported revenue of $200,000, a significant decrease from $2.4 million in Q2 2025, reflecting the transition to the Energy Base platform [11] - GAAP cost of revenues totaled $4.9 million, while operating expenses were $5.1 million, indicating a commitment to disciplined cost control [11] - The net loss for the quarter was $10.4 million, or $0.73 per share, with cash, cash equivalents, and short-term investments at $3.5 million, excluding $30 million from a financing that closed after the quarter-end [11][12] Business Line Data and Key Metrics Changes - The company is transitioning from Energy Warehouse and Energy Center deliveries to the Energy Base platform, which will be the foundation of future commercial activity [11] - The Energy Base offering currently provides a 10-hour duration, with plans to target a 16-hour battery by 2029 [18] Market Data and Key Metrics Changes - The company has established strong relationships with tier-one customers, including SB Energy, Honeywell, and Portland General Electric, validating its technology for real-world deployment [5][6] - The commercial pipeline is strong, with 100% of active opportunities centered on the Energy Base platform, indicating increasing RFP activity and proposal volume [9] Company Strategy and Development Direction - The company aims to deliver on customer commitments, execute with discipline, and convert momentum into long-term growth [14] - A focus on operational discipline, scaling manufacturing capability, and demonstrating technology performance is emphasized as the company prepares for the next phase of growth [9][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of long-duration storage in a decarbonized and resilient grid, with a clear strategy to deliver projects similar in size to the SRP pilot project [9][18] - The company plans to host an Investor Day in early 2026 to provide an in-depth look at progress and future roadmaps [10] Other Important Information - The company completed a $40 million financing with Yorkville Advisors, reinforcing its balance sheet and providing flexibility for future operations [6][12] - A $75 million at-the-market equity program is being launched to support growth and execution as needed [8][12] Q&A Session Summary Question: Scale of Energy Base projects and competing technologies - The company is pursuing projects similar in size to the SRP project, targeting larger opportunities in the future, with a current offering of 10-hour duration batteries [18] - Competing technologies include those offering more than 10 hours of storage, with recognition of the need for longer-duration solutions [19] Question: Types of customers issuing RFPs - Customers issuing RFPs are primarily utilities or Independent Power Producers (IPPs) acting on behalf of utilities, with no engagement in behind-the-meter RFPs for data centers [20] Question: Use of proceeds from capital raised and liquidity needs - The company has approximately $30 million in cash and the ability to draw an additional $10 million, providing significant flexibility to manage liquidity [21][22]

Core Insights - Bimergen Energy Corporation has entered into a Joint Development Agreement with Eos Energy Enterprises to enhance its battery energy storage project pipeline using Eos' proprietary Z3 battery technology [1][3] - The partnership aims to leverage combined expertise to accelerate project financing and reduce costs while focusing on late-stage projects in ERCOT totaling 1.0 GWh [3][4] Company Overview - Bimergen Energy Corporation specializes in the development, ownership, and operation of standalone battery energy storage systems, managing the full project lifecycle across multiple U.S. power markets [4] - Eos Energy Enterprises focuses on innovative energy storage solutions, particularly with its Znyth technology, which offers a safe and scalable alternative to conventional lithium-ion batteries [5] Financial Commitments - Bimergen has secured $250 million in project-level capital commitments, including a $200 million equity commitment, to support its extensive pipeline of nearly 8 GWh across major U.S. markets [2][3] Strategic Goals - The collaboration with Eos is expected to enhance Bimergen's ability to deliver reliable long-duration storage solutions, addressing the growing demand for energy security and grid reliability [4][5] - Eos will assist Bimergen in securing additional development capital to expedite progress across its project portfolio [3]

Core Insights - Eos Energy Enterprises and Frontier Power Ltd. have announced a strategic order for 228 MWh of Eos Z3™ energy storage systems, marking a significant milestone in their partnership aimed at enhancing grid reliability through long-duration energy storage solutions [1][2][3] Partnership and Order Details - The 228 MWh order is the first to be executed under a previously established 5 GWh framework agreement, indicating a strong commitment to scaling alternative energy storage solutions [2] - This partnership is focused on deploying long-duration energy storage systems to support grid reliability across various markets, showcasing the readiness of Eos' technology for large-scale applications [2][3] Technology and Market Demand - Eos' Z3™ technology utilizes proprietary battery management systems and analytics platforms, which will be validated in diverse grid environments as part of Frontier's upcoming projects [3] - Frontier has advanced 11 GWh of long-duration storage projects to the second round of Ofgem's Cap-and-Floor program, all incorporating Eos' technology, reflecting a growing market demand for energy storage solutions that can provide over 8 hours of storage [4] Strategic Vision - The partnership aims to build a scalable platform for long-duration storage, emphasizing the innovative and sustainable nature of Eos' zinc technology, which is designed to support renewable energy growth and provide reliable power for future grid needs [5] - Eos' technology is characterized by enhanced energy density and safety, making it suitable for utility-scale applications and addressing the increasing complexity of grid demands [7]

Core Insights - Eos Energy Enterprises has signed a supply agreement with MN8 Energy for up to 750 MWh of zinc-based battery energy storage systems, highlighting the increasing demand for U.S.-made energy storage solutions [1][2][3] - The initial projects will utilize 200 MWh of Eos' Z3 technology, designed for 10-hour energy discharge, combining solar generation with long-duration storage to provide continuous renewable power [2][3] - This agreement signifies a major advancement in Eos' commercial momentum and reflects confidence in its technology and domestic manufacturing capabilities [3][4] Company Overview - Eos Energy Enterprises specializes in zinc-based battery energy storage systems, offering a safe, scalable, and sustainable alternative to conventional lithium-ion technology [6] - The company aims to support the growing energy demand in the U.S. with its innovative technology, which is designed to provide reliable energy storage for applications ranging from 3 to 12 hours [6] - Eos' proprietary DawnOS™ operating system enhances the reliability and scalability of its energy storage solutions, catering to the needs of high-demand sectors [5] Industry Context - The collaboration with MN8 Energy allows Eos to address the sophisticated energy storage requirements of enterprise customers, particularly in sectors like data centers and manufacturing [2][4] - As the demand for clean energy and energy storage accelerates, Eos' zinc-based systems are positioned to enhance grid reliability and contribute to national security [4] - MN8 Energy, with a significant portfolio of solar projects and battery storage capacity, is one of the largest independent renewable energy companies in the U.S., further validating the market potential for Eos' technology [7]

Core Insights - Largo Physical Vanadium Corp. (LPV) highlights a strategic supply agreement between Storion Energy LLC and TerraFlow Energy Operating LLC, which includes a vanadium electrolyte lease for a significant flow battery project in Bellville, Texas [1][2] - The Bellville project is set to be one of the largest flow battery deployments in the U.S., utilizing LPV's vanadium to lower upfront costs and enhance competitiveness against lithium-ion batteries [3][9] - The electrolyte lease is expected to commence in early 2027, with anticipated reductions in vanadium storage costs leading to new revenue streams for LPV [4][5] Company Overview - LPV is focused on transforming its physical vanadium holdings into revenue-generating assets, supporting the adoption of long-duration energy storage solutions [5][8] - The company aims to facilitate the development of a domestic vanadium electrolyte supply chain in the U.S., enhancing energy resilience and promoting the use of vanadium in energy storage [6][7] - LPV's unique vanadium leasing model is designed to remove barriers for large-scale energy storage deployments, positioning the company to compete effectively in the market [7][8] Project Details - The Bellville Flow Battery Project will utilize TerraFlow's large-tank flow battery design, which is engineered for safety and stability, providing multi-hour energy delivery without the risks associated with lithium-based systems [9] - The project is expected to help manage grid variability and support local infrastructure while minimizing fire hazards and maintenance requirements [9] Strategic Implications - The collaboration between LPV, Storion, and TerraFlow is anticipated to drive future deployments of vanadium flow batteries, creating additional demand for LPV's leased vanadium [5][6] - This strategic alignment is expected to generate long-term value for shareholders by facilitating the commercial-scale adoption of vanadium energy storage solutions [8]