Eos Energy Enterprises Introduces Project AMAZE, $500M Long-Duration Energy Storage Program

(24/7 MARKET NEWS) – Eos Energy Enterprises, Inc. (EOSE:NASDAQ) announced, this morning, Project AMAZE —American Made Zinc Energy, a $500 million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity, by 2026 to meet the demand for Long Duration Energy Storage (LDES). The Department of Energy’s Loan Programs Office issued an up to $398.6 million conditional commitment for a loan guarantee, which, if the loan is finalized, is expected to fund 80% of the expansion in Pennsylvania.

Eos Energy Enterprises is trading at $4.58, up $1.33 (+40.92%), on 11.03M premarket shares traded.

Its 52-week range is $0.955 to $5.665. If it’s going to challenge the $5 resistance, the trading volume must strengthen.

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