Eos Energy Receives $87M Loan Advance from U.S. DOE for Manufacturing Expansion

Eos Energy Enterprises, Inc. (EOSE) announced it received an $87 million loan advance on September 10, 2026, under its existing agreement with the U.S. Department of Energy (DOE). The funds will support the continued ramp-up of the company's second battery production line at its Thorn Hill manufacturing facility in Pennsylvania.

Key Details

• Funding Amount: The advance totals $87,018,601 and is the third draw under the company's loan agreement with the DOE and the Federal Financing Bank, bringing the total amount drawn to approximately $178 million.
• Use of Proceeds: The capital reimburses 80% of eligible costs for the company's second production line, strengthening its balance sheet. This expansion is expected to support a total annual manufacturing capacity of approximately 4 GWh at the Thorn Hill facility.
• Project Timeline: The second production line entered commercial production in June 2026. This funding supports its continued scale-up.