$22.7 million second loan advance follows the first $68.3 million received in December 2024TURTLE CREEK, Pa., July 01, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS) manufactured in the United States, today announced that it has received its second loan advance from the Department of Energy's (DOE) Loan Prog ...

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]

EDISON, N.J., June 02, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced its participation in an upcoming investor event. Stifel 2025 Boston Cross Sector 1x1 Conference Chief Executive Officer Joe Mastrangelo will attend the Stifel 2025 Boston Cross Sector 1x1 Conference on Tuesday, J ...

EDISON, N.J., May 29, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced that it has commenced a $75,000,000 common stock offering (the “Offering”). The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act). The Company expects to grant the underwriters of the Offering, a 30-day option to purchase up to an additional $11,250,000 of common stock, at the public offering price, less the underwriting discounts. ...

EDISON, N.J., May 28, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the "Company"), America's leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has secured an order with Faraday Microgrids to deploy a 3 MW / 15 MWh Eos Z3™ system for a commercial microgrid application on tribal land in California. Funded partially by the California Energy Commission (C ...

$10.5 million quarterly revenue, highest in Company history as production ramps to deliver customer backlog Year-to-date shipments surpass full-year 2024 customer shipments with seven Z3 projects under installation and commissioningSuccessfully achieved 15 out of 16 total Cerberus performance milestones, with a no-penalty extension granted by Cerberus for the remaining cash receipt milestone through July 31, 2025Completed Site Acceptance Testing on first terminal sub-assembly manufacturing cell; now manufac ...