📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $EOS Energy Enterprises(EOSE.US) EOS Energy Receives $87 Million DOE Advance to Scale U.S. Battery Manufacturing

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗘𝗼𝘀 𝗘𝗻𝗲𝗿𝗴𝘆 receives an $𝟴𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 DOE loan advance.

➤ Advance reimburses 𝟴𝟬% of eligible Thorn Hill manufacturing costs.

➤ Eos has drawn approximately $𝟭𝟳𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 since 2024.

➤ 𝗟𝗶𝗻𝗲 𝟮 entered commercial production in June 2026.

➤ Line 2 targets approximately 𝟮 𝗚𝗪𝗵 of annual manufacturing capacity.

➤ Thorn Hill could ultimately support approximately 𝟰 𝗚𝗪𝗵 annually.

➤ Planned Line 1 relocation remains subject to 𝗹𝗲𝗻𝗱𝗲𝗿 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀.

➤ Eos expects additional hiring across 𝟰 𝘀𝗵𝗶𝗳𝘁𝘀 for Line 2.

➤ Funding supports scaling U.S.-made 𝘇𝗶𝗻𝗰-𝗯𝗮𝘀𝗲𝗱 long-duration energy storage.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ The $𝟴𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 reimbursement returns previously invested capital to Eos.

➤ Additional liquidity could support further manufacturing expansion and business investment.

➤ 𝟰 𝗚𝗪𝗵 capacity would significantly expand Eos' domestic production footprint.

➤ Consolidating two lines could improve productivity and lower manufacturing costs.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗔𝗹𝗲𝘀𝘀𝗮𝗻𝗱𝗿𝗼 𝗟𝗮𝗴𝗶, Chief Financial Officer of Eos:

“Loan funding from the Office of Energy Dominance Financing has been critical in scaling Eos,” said Alessandro Lagi, Chief Financial Officer of Eos. “This advance reimburses a significant portion of the investment we have already made in Line 2 and returns that capital to the balance sheet, giving us more room to invest in the business while maintaining a disciplined approach to growth.”

𝗝𝗼𝗵𝗻 𝗠𝗮𝗵𝗮𝘇, Chief Operating Officer of Eos:

“Running two lines under one roof drives more efficient use of our engineering, support resources, and labor,” said John Mahaz, Chief Operating Officer of Eos. “This enables the operation to increase productivity and optimize manufacturing cost.”