Eos exceeded its $250 million equity target for FPUSA
Funds from the offering and investments from Hudson Bay and Cerberus will support over $1 billion in deployable project capital.
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Zinc-powered energy storage systems manufacturer
eose.comLast updated
In short: Eos raised $263 million in equity, launched a storage venture with Cerberus, and expanded manufacturing to support growing AI and grid demands.
Funds from the offering and investments from Hudson Bay and Cerberus will support over $1 billion in deployable project capital.
The offering raised $37.7 million, with subscriptions for 6.9 million units, and proceeds support Frontier Power USA.
Eos will deploy Z3 zinc-based long-duration energy storage for the Department of War.
Record quarterly revenue and backlog expected, with Battery Line 2 commencing production.
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