Eos Energy Enterprises Inc., a leading American innovator in zinc-based long duration energy storage systems, has announced significant expansion plans following the successful closing of $336 million in concurrent offerings of common stock and convertible senior notes. The company has strengthened its financial position by repurchasing maturing 2026 convertible notes and lowering its cost of capital, enabling it to enhance liquidity and scale operations. This includes the order for a second state-of-the-art battery module manufacturing line. These strategic moves position Eos to meet the growing global demand for long duration energy storage and demonstrate strong investor confidence in the company's market potential and strategic direction.
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