Eos Energy, Cerberus Capital to Establish Energy Storage Project Company

Dow Jones
05/13
 

By Nicholas G. Miller

 

Eos Energy Enterprises and Cerberus Capital Management are establishing a development and investment company to build, own, and operate battery energy storage projects.

The company, called Frontier Power USA, will bring together Eos' energy storage technology and Cerberus' institutional capital and operating experience.

Eos and Frontier Power USA entered into a capacity reservation agreement of 2 gigawatt-hours, which Frontier Power USA will deploy across commercial and industrial applications, AI data centers and utility-scale projects.

Cerberus is providing a $100 million equity commitment and will receive Eos warrants and controlling equity in Frontier Power USA in exchange.

Eos will launch a rights offering targeting approximately $150 million, in which existing shareholders would receive subscription rights to purchase Eos securities along with receiving expected warrants, to fund its equity contribution in Frontier Power USA.

Eos shares jumped 24% to $10.03 in Wednesday's premarket trading.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

May 13, 2026 07:07 ET (11:07 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10