Eos Draws $87 Million DOE Advance for Second Battery Line in Pennsylvania
Eos Energy Enterprises has received an $87 million advance from the U.S. Department of Energy (DOE) to fund a second production line at its Thorn Hill facility in Warrendale, Pennsylvania, according to Solar Builder.
Solar Builder reports the advance reimburses roughly 80% of eligible costs tied to the Thorn Hill plant. With this tranche, the battery maker has drawn about $178 million from its DOE facility since 2024.
The disbursement is a first advance under the second tranche of Eos's loan agreement with the DOE's Office of Energy Dominance Financing, and the company says the funding will go toward its zinc-based long-duration energy system products.
Source: solarbuildermag.com (opens in a new tab)1 sourcePermalink