Eos establishes exclusive storage partnership in Germany
The binding agreement secures 750 MWh capacity with potential to scale to 2 GWh.
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Zinc-powered energy storage systems manufacturer
eose.comLast updated
In short: Eos expanded its battery manufacturing capacity, launched the Frontier Power USA venture, and relocated its headquarters to Pittsburgh, Pennsylvania.
The binding agreement secures 750 MWh capacity with potential to scale to 2 GWh.
Battery Line 2 expands capacity, reduces risk, and advances path toward 4 GWh annualized capacity.
The approved increase in authorized shares provides flexibility for a planned rights offering to fund its Frontier Power USA investment.
Frontier Power USA will deploy Eos Z3 long-duration storage with a 2 GWh capacity reservation, Cerberus $100M equity commitment, a ~$1.5B 15-year performance insurance, and an Eos rights offering.
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