Eos Energy Enterprises, Inc. 8K

Eos Energy Enterprises received an $87 million DOE loan advance to fund and reimburse costs for expanding battery manufacturing capacity at its Thorn Hill facility to an expected 4 GWh annually.

Eos Energy Enterprises, Inc. announced that it has received an $87 million first advance under the second tranche of its U.S. Department of Energy Office of Energy Dominance Financing loan agreement, reimbursing 80% of eligible costs for its Thorn Hill manufacturing facility in Warrendale, Pennsylvania and bringing total draws under the DOE facility to approximately $178 million, which will support ramp-up of a second production line and an expected total of about 4 GWh of annual battery manufacturing capacity once both lines operate at the site.

Filing Facts

CIK

1805077

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-061689

Alert Tier

7