Eos Energy Enterprises (EOSE) surges 55% on $500M American Made Zinc Energy program

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Go back to Eos Energy Enterprises (EOSE) surges 55% on $500M American Made Zinc Energy program

Eos Energy Enterprises Announces ‘Project AMAZE,’ a $500M Program to Address Long-Duration Energy Storage Demand

August 31, 2023 4:00 PM EDT

U.S. Department of Energy issues conditional commitment for a loan to finance up to 80% of Project AMAZE American Made Zinc Energy

Highlights:

Project AMAZE American Made Zinc Energy, is a $500 million expansion program designed to scale annual production to 8 GWh storage capacity by 2026 to meet the demand for Long Duration Energy Storage (LDES).The Department of Energys (DOE) Loan Programs Office (LPO) has issued an up to $398.6 million conditional commitment for a loan... More