Eos Energy Announces $68.3 Million First Funding from its $303.5 Million Department of Energy Loan Guarantee
Eos Energy Enterprises, Inc. (EOSE)
Company Research
Source: GlobeNewswire
TURTLE CREEK, Pa., Dec. 19, 2024 (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, today announced that it has received the first loan advance from the Department of Energy's (DOE) Loan Programs Office in the amount of $68.3 million. The loan advance, which covers 80% of eligible costs incurred to date on the Mon Valley Works expansion project, represents the maximum allowable amount under the program at this time. The loan advance covers both capital expenditures and project associated operating expenses incurred as part of the Company's production expansion plans related to Project AMAZE in the Mon Valley Works. These funds support Eos’ ongoing efforts to enhance its operational capacity and further its strategic growth objectives. “Our first state-of-the-art manufacturing line
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News
- Eos Energy Announces Factory 2 Location Search Outside Mon Valley Works to Support Growing Demand for American Made Energy Storage SolutionsGlobeNewswire
- Eos Energy Announces $68.3 Million First Funding from its $303.5 Million Department of Energy Loan Guarantee [Yahoo! Finance]Yahoo! Finance
- Eos Energy and FlexGen Partner to Accelerate a Fully Integrated American Made Stationary Storage Solution for Long Duration Storage Applications [Yahoo! Finance]Yahoo! Finance
- Eos Energy and FlexGen Partner to Accelerate a Fully Integrated American Made Stationary Storage Solution for Long Duration Storage ApplicationsGlobeNewswire
- Eos Energy Secures 400 MWh Order with International Electric Power to Deliver Critical Resilience in California [Yahoo! Finance]Yahoo! Finance
EOSE
Earnings
- 11/5/24 - Miss
EOSE
Sec Filings
- 12/20/24 - Form 8-K
- 12/18/24 - Form 4
- 12/17/24 - Form 3
- EOSE's page on the SEC website