Eos Energy raises $263M for energy storage joint venture

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Go back to Eos Energy raises $263M for energy storage joint venture

Completed Rights Offering, Together With Hudson Bay Capital Management and Cerberus Capital Management Investments, Delivers Equity Raised Above the $250 Million Target

July 23, 2026 8:42 AM EDT

Approximately $263 million of gross equity raised in support of FPUSA

Expected investment, together with approximately 75% loan-to-value project debt, is expected to support more than $1 billion of deployable project capital

FPUSA has approximately 16 GWh of pipeline opportunities with approximately 1.8 GWh under construction or expected to shortly reach notice to proceed

PITTSBURGH, Pa., July 23, 2026 (GLOBE NEWSWIRE) -- Eos... More