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 performance milestones that allow access to a final $40.5 million of a Delayed Draw Term Loan, supporting operations and production expansion [1] - The company is positioned for profitable growth with a fully funded$210.5 million DDTL and strong customer demand for long-duration energy storage [2] - Cerberus Capital Management expresses strong confidence in Eos's progress and potential for revenue growth and profitability, emphasizing the importance of American-made energy solutions [3] Financial Performance - Eos has 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 leveraging cash from customer projects to fund working capital, enhancing its financial stability [2] Strategic Initiatives - Eos is executing Project AMAZE, which aims to scale production in response to strong customer demand for long-duration energy storage systems [2] - The company’s Znyth™ aqueous zinc battery technology is positioned as a safe and sustainable alternative to conventional lithium-ion batteries, contributing to energy independence [4] Market Position - Cerberus views Eos as a leader in the battery space, akin to "First Solar," highlighting the company's potential to innovate and lead in the energy storage market [3] - The demand for long-duration, non-flammable energy storage solutions is increasing, driven by national security concerns and the need for energy independence [3]