Biden administration races to approve clean energy loans before Trump takes over — here's who's benefitting [TechCrunch]
Eos Energy Enterprises, Inc. (EOSE)
Company Research
Source: TechCrunch
Trump has promised to cancel any unspent federal dollars under President Joe Biden's Inflation Reduction Act, a bipartisan climate law that allocated billions towards building a domestic supply chain for clean energy. The IRA spurred a flurry of private investment as well. In particular, automakers and battery manufacturers have collectively invested or promised to invest around $112 billion in building domestic cell and module manufacturing plants for electric vehicles. Those factories have largely benefitted Republican-led communities. The fresh loans come from two DOE loan programs – the Advanced Technology Vehicles Manufacturing (ATVM) loan program and the Title 17 Clean Energy Financing Program – that the IRA revived and expanded, respectively. The ATVM program in particular, which went dormant under Trump's first administration, once provided a much-needed $465 million loan to Tesla in 2009, helping to save the EV maker from one of several near-death experiences. It dwindle
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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 Announces $68.3 Million First Funding from its $303.5 Million Department of Energy Loan GuaranteeGlobeNewswire
- 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
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