Eos Energy Secures Cerberus Delayed Draw Term Loan Full Funding, Continuing U.S. Manufacturing Capacity to Strengthen America’s Energy Independence

Core Insights - Eos Energy Enterprises has successfully achieved all operational milestones to access the final $40.5 million of a$210.5 million Term Loan, reinforcing its leadership in American energy storage systems [1][2] - The company is focused on scaling production to meet strong customer demand for long-duration energy storage, supported by a fully funded term loan and a Department of Energy loan guarantee [2][3] - Cerberus Capital Management expresses strong confidence in Eos's progress and potential for revenue growth and profitability, viewing Eos as a leader in the battery space akin to "First Solar" [3] Financial and Operational Highlights - The $210.5 million Delayed Draw Term Loan (DDTL) is now fully funded, enabling Eos to expand U.S. production and operations [1][2] - Eos surpassed its January raw materials cost-out target by 6% and achieved manufacturing cycle times below 10 seconds, indicating operational efficiency [2] - The company is positioned to play a critical role in U.S. energy independence with its innovative Znyth™ aqueous zinc battery technology, which is safe, scalable, and sustainable [4] Strategic Outlook - Eos is executing Project AMAZE, which aims to scale production in response to increasing global demand for non-flammable energy storage alternatives [2][3] - The partnership with Cerberus is expected to enhance Eos's ability to meet the growing demand for energy storage solutions, particularly in light of national security concerns [3] - Eos's focus on American-made manufacturing aligns with recent governmental initiatives to support energy independence [3]