SUBSCRIBE
PROFILE

Eos Energy secures $303.5 million loan to accelerate long-duration battery manufacturing in the U.S.

Eos Energy Enterprises strengthens its position in the energy transition with a loan guaranteed by the U.S. Department of Energy. This funding supports zinc battery production expansion and the creation of hundreds of jobs in the U.S.

Share:

Comprehensive energy news coverage, updated nonstop

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 €/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

Eos Energy Enterprises, Inc. (NASDAQ: EOSE), a specialist in zinc-based long-duration energy storage systems, has announced the closing of a $303.5 million loan guaranteed by the U.S. Department of Energy (DOE). This loan, provided under the Title 17 Loan program, marks a major milestone for the “American Made Zinc Energy” (AMAZE) project, which aims to increase Eos’s annual production capacity to 8 GWh by 2027.

Since its strategic decision to relocate its production from China to the United States, Eos has made strides in developing its technologies and reorganizing its production lines to enhance efficiency. With over 90% of components sourced domestically, the company aims to become a leader in manufacturing batteries essential to the energy transition.

Growing demand for long-duration batteries

The energy storage market is booming in the U.S. According to Fortune Business Insights, this sector could reach $31.4 billion by 2032, driven by the rise of renewable energy and the need to stabilize power grids. Eos plans to meet this demand by constructing four automated production lines, one of which is already operational. These facilities are expected to produce reliable, cost-effective, and sustainable batteries, offering an alternative to existing technologies.

Economic impact and AMAZE project goals

The DOE loan complements a strategic investment from Cerberus Capital Management, announced in June 2024. Together, these funds will support the AMAZE project, which is set to generate significant economic benefits in the Mon Valley region of Pennsylvania. The project anticipates creating 1,000 direct and indirect jobs, including apprenticeship programs in partnership with local schools and professional development organizations.

Eos continues to expand its order portfolio, valued at $589 million as of September 30, 2024, while growing its commercial pipeline, estimated at $14.2 billion. With these strengths, the company is well-positioned to play a key role in ensuring the long-term energy security of the United States.

  • Popular on energynews.pro
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
Kyoto Group commissions world’s largest industrial thermal storage unit in Hungary
EIB grants €200mn to Dolomiti Energia for wind projects and grid upgrades in Italy
Clariant targeted by BP and ExxonMobil in ethylene case
Veolia and TotalEnergies sign agreement to optimise industrial resources
CETY secures contract for battery storage projects in New York
Clean Energy Technologies has signed a letter of intent to lead multiple battery energy storage system projects across New York State, with each site planned for 5 MW of capacity.
Hagersville storage project receives CanREA award for innovation
The Hagersville Energy Storage Park, led by Boralex and SNGRDC, was awarded for its planned 300 MW capacity, making it Canada’s largest battery storage site.
Nala Renewables acquires 250 MW storage portfolio in Finland
Nala Renewables strengthens its position in Finland with the acquisition of a battery energy storage portfolio exceeding 250 MW from Swiss developer Fu-Gen AG.
JAPEX launches 106MWh high-voltage storage project in Hokkaido
The Japanese group has started construction of a 20MW battery energy storage system in Hokkaido, aiming for commissioning in 2027 with support from PowerX and Kyocera Communication Systems.
Nightpeak Energy commissions 150 MW battery to support Texas grid
Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.
Neoen surpasses 3 GWh of storage in Western Australia with Muchea and Collie 2
Neoen has launched construction of its first long-duration battery in Muchea and commissioned the second stage of Collie Battery, bringing its storage capacity in Western Australia to 3,145 MWh.
Canada injects CAD22mn to boost battery sector with eight domestic projects
Ottawa invests CAD22mn ($16.1mn) to support eight technology initiatives aimed at strengthening innovation, local production, and competitiveness in the country's battery supply chain.
Neoen launches 905 MWh long-duration battery and commissions Collie 2 in Australia
Neoen begins construction of its first six-hour discharge battery in Western Australia and commissions the second phase of Collie, surpassing 3 GWh of storage capacity in the State.
Transgrid to mobilise up to 5 GW of batteries to stabilise New South Wales grid
Transgrid plans to contract up to 5 GW of grid-forming batteries to strengthen the stability of New South Wales’ electricity network during the energy transition.
US energy storage hits record 5.6 GW in the second quarter
The US energy storage market set a quarterly record with 5.6 GW installed, driven by utility-scale projects despite ongoing regulatory uncertainty.
HiTHIUM signs 2GWh deal with Solarpro for large-scale storage projects in Eastern Europe
Storage provider HiTHIUM will supply 2GWh of batteries to Solarpro for multiple large-scale projects across the Balkans and Central Europe.
SPARX, Kansai EPCO and JA Mitsui Lease launch 80MW grid-scale storage in Japan
The three Japanese groups announced two new high-voltage battery projects in Shizuoka and Ibaraki prefectures, bringing their joint portfolio to four facilities with a combined capacity of 180MW.
EVE Energy signs 500MWh with CommVOLT to accelerate European storage
EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.
Energy Vault secures additional $50mn to support storage project development
Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.
Grenergy doubles its investments and strengthens its position in energy storage
Grenergy reported €86mn in EBITDA in the first half of 2025 and raised its investments to €421mn, supported by increased energy sales and major storage operations.
RWE registers Australia’s first eight-hour grid battery system
The 400 MWh energy storage system installed by RWE in Limondale becomes the longest-duration grid-connected battery in Australia, with full commissioning expected by the end of the year.
Jiangsu commissions 240 MWh on-site battery at Taizhou steel facility
A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.
Braille Energy takes over high-performance lithium battery distribution from Tony Christian Racing
Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.
NorthX invests $1.6mn in three Canadian energy storage companies
NorthX Climate Tech commits $1.6mn to three Canadian energy storage firms, supporting the development of localised grid solutions in British Columbia and Alberta.
Eni and Seri Industrial launch joint venture to produce batteries in Italy
Eni has launched an industrial project with Seri Industrial to produce lithium iron phosphate batteries in Brindisi, targeting a capacity of more than 8 GWh per year.

All the latest energy news, all the time

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3€/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.