Eos Energy Announces Strategic Investment of up to $315.5 Million from Cerberus to Propel Eos' Expansion and Path to Profitability
Eos Energy Enterprises(EOSE) GlobeNewswire News Room·2024-06-24 20:00
TURTLE CREEK, Pa. and NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management LP ("Cerberus"), to support its growth plans during a secular shift in global energy markets. The demand for safe alternatives to incumbent battery te ...