Eos Energy Receives $22.7 Million Loan from DOE to Fuel U.S. Battery Manufacturing Capacity Expansion

Eos Energy Enterprises has received a $22.7 million loan advance from the Department of Energy's Loan Programs Office. The funds support the company's efforts to expand its operational capacity and meet growing customer demand. Eos is scaling its U.S. production to meet demand for "buy American" and "build American" solutions, particularly in the AI-driven load growth, data centers, and safety-conscious storage markets. The company has submitted a purchase order for its second state-of-the-art manufacturing line to further expand U.S. production.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE), a leading innovator in zinc-based battery energy storage systems (BESS) manufactured in the United States, has received a $22.7 million loan advance from the Department of Energy's (DOE) Loan Programs Office. This funding is part of the company's ongoing efforts to expand its operational capacity and meet growing customer demand.

The loan advance, which covers 80% of eligible costs, is the second tranche of a $90.9 million loan agreement. The funds support Eos' production expansion plans related to Project AMAZE, which aims to increase the company's operational capacity to meet rising demand for "buy American" and "build American" solutions. These solutions are particularly in demand in AI-driven load growth, data centers, and safety-conscious storage markets.

Eos has submitted a purchase order for its second state-of-the-art manufacturing line, marking a significant step in expanding U.S. production. This move is expected to further enhance the company's ability to deliver safe, reliable long-duration energy storage solutions to its customers.

The DOE funding builds on Eos' successful $336 million concurrent offerings of common stock and convertible senior notes, which significantly restructured the company's balance sheet and lowered its cost of capital. The funding will also support Eos' long-term strategy of building a robust domestic supply chain, scaling next-generation U.S. battery manufacturing, and creating high-quality American jobs.

Eos' innovative Znyth™ aqueous zinc battery, designed to overcome the limitations of conventional lithium-ion technology, is at the core of its energy storage solutions. The company, founded in 2008 and headquartered in Edison, New Jersey, aims to accelerate the shift to American energy independence.

References:
[1] https://www.globenewswire.com/news-release/2025/07/01/3108770/0/en/Eos-Energy-Announces-Second-Funding-Under-Its-Department-of-Energy-Loan-Guarantee-to-Fuel-U-S-Battery-Manufacturing-Capacity-Expansion.html
[2] https://www.marketscreener.com/quote/stock/EOS-ENERGY-ENTERPRISES-IN-107772699/news/Eos-Energy-Announces-Second-Funding-Under-Its-Department-of-Energy-Loan-Guarantee-to-Fuel-U-S-Batte-50394673/