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Eos Energy Enterprises, Inc.

NASDAQ:EOSELive AI agent

Eos Energy Enterprises, Inc.

Investor website: https://eose.com/

About

Eos Energy Enterprises, Inc. is dedicated to transforming energy storage through innovative zinc-powered battery solutions. Founded in 2008, the company focuses on accelerating the transition to clean energy with its proprietary Eos Znyth™ aqueous zinc battery technology, which is safe, flexible, and made from low-cost, recyclable materials. Eos provides a competitive alternative to lithium-ion batteries for mid-duration energy storage, serving utility, industrial, and commercial customers. The company emphasizes American ingenuity and aims to create a sustainable future through advanced energy storage infrastructure.

Verified company data

Cash position
$364.1 million
Shares outstanding
339799132
Fully diluted shares
531673873
Projects
["Project AMAZE — American Made Zinc Energy, is a $500 million expansion program designed to scale annual production to 8 GWh storage capacity by 2026 to meet the demand for Long Duration Energy Storage (LDES). The Department of Energy’s (DOE) Loan Programs Office (LPO) has issued an up to $398.6 million conditional commitment for a loan guarantee, which, if the loan is finalized, is expected to fund 80% of the expansion in Pennsylvania. Eos’ American workforce, over 300 strong, is expected to grow to nearly one thousand green-collar careers upon the successful completion of Project AMAZE in 2026 — spurring economic growth in the Monongahela (Mon) Valley region and honoring a local history of industrial manufacturing that dates back to the founding of Westinghouse. Project AMAZE would expand U.S. supply chain, which Eos believes features domestic sourcing sufficient to qualify for the Domestic Content Bonus awarded by the IRA’s Investment Tax Credit (ITC). Eos aims to move to 100% U.S-sourced material by 2026. Eos recently announced a partnership with Wisconsin-based ACRO Automation Systems to design, develop, and implement its first state-of-the-art high-output manufacturing line.","400 MWh standalone storage order with International Electric Power (“IEP”). This marks the second agreement and third project with IEP, a leading developer in the energy space deploying multiple technologies, and builds on Eos’ successful prior delivery of its battery systems to a Texas-based IEP project earlier this year. The project, partially funded by the California Energy Commission’s (CEC) Long Duration Energy Storage Program, is set to be deployed at Marine Corps Base Camp Pendleton in San Diego County with expected delivery to begin in 2025. This order, which is structured with a down payment, represents a significant milestone in the continued commitment to enhance grid resiliency and advance sustainable energy solutions within California."]
Leadership
Joe Mastrangelo (Chief Executive Officer, Joe joined Eos Energy Enterprises as CEO in 2019, bringing three decades of leadership across the global energy sector. He has worked to build cultures that nurture unconventional thinkers and committed doers needed to tackle complex problems.), John Mahaz (Chief Operating Officer, John has more than three decades of experience in global manufacturing, operations, supply chain and business development from his tenure at Jabil Inc.), Francis Richey (Chief Technology Officer, Francis started as a Senior Battery Scientist at Eos in 2015 and has been integral in advancing Eos Znyth™ battery technology.), Marie Batz Martin (Chief Legal Officer, Marie is an accomplished legal and business executive with more than 20 years of experience advising global organizations through growth, strategic transactions, and operational transformation.)

Verified data last updated:

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