Eos announces $8m share offering

May 17, 2023

US zinc-powered long-duration energy storage system manufacturer Eos Energy Enterprises has announced an $8 million share offering with the proceeds to be used as working capital, while the company “awaits a determination from the [US Department of Energy’s] loan program office on its loan application”.

In September last year, Eos announced that it had been invited by the DOE Loan Programs Office to the due diligence stage of the DOE Innovative Clean Energy Loan Guarantee Program under the Renewable Energy and Efficient Energy solicitation.

TD Cowen served as the financial advisor to Eos for the offering.