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Eos Announces $125 Million Investment for Frontier Power USA, Bringing Expected Frontier Equity Investment up to $375 Million

GlobeNewswire Inc.·
Eos Announces $125 Million Investment for Frontier Power USA, Bringing Expected Frontier Equity Investment up to $375 Million

Eos Energy Enterprises announced a $125 million investment from Hudson Bay Capital Management to support its investment in Frontier Power USA (FPUSA), bringing the platform's expected equity base to approximately $375 million. This capital is structured to support over $1.5 billion in project deployment. The funding includes Hudson Bay's $75 million equity investment in Eos and $50 million direct investment in FPUSA, complementing previous commitments from Cerberus Capital Management ($100 million) and Eos' own contribution (up to $150 million through a rights offering). FPUSA has a robust pipeline of approximately 16 GWh of long-duration energy storage projects.

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