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Eos Energy Enterprises has secured an $87 million advance under a loan agreement with the U.S. Department of Energy to fund its second production line at Thorn Hill. This financing will support scaling of its manufacturing operations.

PUBLIC · EOSESep 14, 2026•about 2 hours ago

Amount Raised

$87 Million

Round Type

Debt Financing

EdisonEnergyRenewable EnergyEnergy ManagementEnergy StorageEnergy EfficiencyBiomass Energy

Description

Eos Energy Enterprises announced it has received an $87 million advance under its loan agreement with the U.S. Department of Energy’s Office of Energy Dominance Financing. This advance reimburses 80% of eligible costs for its Thorn Hill manufacturing facility. Eos aims to enhance its manufacturing capabilities and increase productivity with this funding

Company Information

Company

Eos Energy Enterprises

Location

3920 PARK AVENUE

Edison, New Jersey, United States

About

Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it's the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3- to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey.

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