Transactions strengthen the Company’s balance sheet by lowering debt interest rate while improving liquidity to accelerate capacity expansion for American-made long duration energy storageEDISON, N.J., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of its previously a ...

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]

Product & Strategy - ESS launched the Energy Base, a new product configuration scalable from 5 MW to 100+ MW with a duration of 10+ to 22 hours, utilizing the Iron Core technology[14,32] - The Energy Base is designed to be more capital efficient for both ESS and its customers, shifting manufacturing mix to higher margin components and lowering working capital burden[32,47] - ESS partners with Honeywell to optimize Energy Base design for quality, cost-efficiency, and scale, exploring product collaboration and procurement leverage[30] - ESS's product line is evolving to meet a broader range of use cases at larger scales, with the same core technology across all products[31] Market & Opportunities - Data centers' electricity demand is estimated to grow to 800 TWh by 2026, putting extreme pressure on aging infrastructure and increasing the risk of failure[37] - Power disruption accounts for 54% of impactful data center outages, highlighting the need for resilient power solutions[40] - ESS Energy Base enables fast deployment of additional grid capacity and increases grid balancing and resilience for data center customers[38] Financial Performance - Q1 2025 revenue was $0.6 million, a 78% decrease compared to $2.7 million in Q1 2024[53] - Q1 2025 net loss was $18.0 million, a 2% improvement compared to $18.3 million in Q1 2024[53] - Adjusted EBITDA for Q1 2025 was a loss of $15.0 million, a 3% improvement compared to a loss of $15.4 million in Q1 2024[53]