Eos Energy closes $303.5 million DOE Loan Guarantee to expand manufacturing capacity

Eos Energy Enterprises/Z3 Zinc Battery

Eos Energy successfully closed a $303.5 million loan guaranteed by the Department of Energy's Loan Programs Office on December 3, 2024. The loan will fund expansion of manufacturing capacity to 8 GWh annually by 2027 through the addition of four automated production lines. This was the first Title 17 battery loan closed under the current administration.