GlobeNewswire·Sep 14, 2026, 8:30 AM ET

Eos Energy Enterprises Receives $87 Million Advance Under U.S. Department of Energy Loan to Fund Second Production Line at Thorn Hill

Eos Energy Enterprises received an $87 million advance under the second tranche of its loan agreement with the U.S. Department of Energy's Office of Energy Dominance Financing.
The advance reimburses 80% of eligible costs for the Thorn Hill manufacturing facility in Warrendale, Pennsylvania.
Total draws from the DOE facility since 2024 now amount to approximately $178 million.
Line 2 at Thorn Hill entered commercial production in June 2026 6 and is ramping toward a designed annual capacity of 2 GWh.
Upon completion of the planned relocation of Line 1 to Thorn Hill, subject to lender approvals, the facility is expected to support approximately 4 GWh of annual capacity across two lines.
Eos expects to create jobs across four shifts to staff Line 2 as part of its phased manufacturing scale-up strategy.
The company plans to optimize engineering, support resources, labor, productivity, and manufacturing costs by operating two lines under one roof.