Eos Energy Enterprises, Inc. announced on July 1, 2025, that it received its second loan advance from the Department of Energy's (DOE) Loan Programs Office, totaling $22.7 million. This advance fully draws the maximum allowable amount under the first tranche of $90.9 million, connected to the completion of its first state-of-the-art manufacturing line.
The loan advance covers 80% of eligible costs incurred as part of the company's production expansion plans related to Project AMAZE. These funds support Eos’s ongoing efforts to expand operational capacity to meet growing customer demand and further its strategic growth objectives.
Eos is scaling to meet rising demand for 'buy American' and 'build American' solutions, particularly from AI-driven load growth and data centers. The company has submitted a purchase order for its second state-of-the-art manufacturing line, marking a key step in expanding U.S. production and delivering safe, reliable long-duration energy storage.
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