Eos Energy Enterprises (EOSE) Strengthens Executive Leadership

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) today announced two leadership appointments that will further support its growth strategy and strengthen its market position. Effective March 5, 2025, Nathan Kroeker will transition from his current Chief Financial Officer role to become Eos' Chief Commercial Officer. In conjunction with this strategic transition, the Company has appointed Eric Javidi as its new Chief Financial Officer, bringing extensive investing, operating and organizational leadership experience in the energy and energy infrastructure spaces.

"Over the past two years, Nathan secured over $850 million in transformative financing, positioning Eos for significant operational expansion. His prior experience as CEO, where he successfully led an energy trading and marketing company operating assets like those of our customers, gives him a unique understanding of both the complexities of the industry and the evolving needs of customers," said Joe Mastrangelo, Eos Chief Executive Officer. "Nathan's background as Chief Financial Officer gives him a unique advantage in understanding both the financial and commercial landscapes of the industry, allowing him to create customer-centric solutions that are not only impactful, but also financially sustainable."

Kroeker will be responsible for expanding into new geographies, driving customer project financing, and ensuring that Eos' offering is aligned with the diverse needs of its customer base. His expertise will help guide the Company's growth by strengthening customer relationships and bankability, providing financing solutions, and positioning Eos as the preferred partner in long duration energy storage.

"I am also very pleased to welcome Eric Javidi as our next Chief Financial Officer," continued Mastrangelo. "Eric brings over 15 years of experience within the energy and energy infrastructure space, having held a variety of executive roles in both the public and private sectors. His extensive experience as a strategic leader will be invaluable as we scale our company. He has a proven track record of driving performance and growth through strategic decision making and tactical capital allocation decisions. His leadership will be crucial in maximizing profitability and shareholder value."

Javidi is an experienced executive with extensive industry experience having previously served as Managing Partner and Co-head of Kayne Anderson Capital Advisors, LP's ("Kayne Anderson") Energy Infrastructure strategy. In addition to his six years at Kayne Anderson, Javidi has served in C-suite executive roles for several public and private companies, including as the Chief Financial Officer of Archaea Energy, Inc. and CrossAmerica Partners LP, and as President and CEO of Southcross Holdings LP. Additionally, he has provided ongoing strategic consulting services to some of the world's largest infrastructure private equity firms related to their energy transition investments and strategies. Javidi began his career as an investment banker at Lehman Brothers, Barclays and UBS and holds an MBA from Duke University.

"These two appointments are vital to our continued success," added Mastrangelo. "Nathan's transition to Chief Commercial Officer and the addition of Eric as Chief Financial Officer bring two uniquely qualified executives to key roles in the Company. Together, they will lead our efforts to scale operations, profitability and achieving long-term strategic growth in American-made energy storage."

"I am thrilled to be part of such an innovative and dynamic team and organization," said Javidi. "With the energy storage market rapidly evolving to longer duration storage, Joe's leadership and ability to execute, in addition to the world-class strategic partnership with Cerberus, it couldn't be a more exciting time to join Eos. I look forward to leveraging my experience to support the Company's growth, drive value creation and help position Eos for both near-term and long-term success. With Nathan in his new role as Chief Commercial Officer, Eos is poised to enhance both our financial strength and our customer focused approach as we expand our domestic and international footprint and deliver industry-leading solutions."

This leadership change comes at a pivotal time as Eos continues to focus on expanding its presence in the fast-growing long duration energy storage market that require increased access to financing options that enable customers to adopt innovative technologies with greater ease and accessibility.

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