Eos Energy Results Presentation Deck
Project AMAZE
U.S. Department of Energy Conditional Commitment
A $0.5B expansion program with 80% cost reimbursement on eligible costs
Conditional commitment term sheet vetted by the Department of
Energy and other federal agencies
An extensive technical, market, financial, and legal due
diligence process with DOE and external experts marks a
significant Eos Z3 technology validation milestone
Conditional Commitment
$398.6 Million ¹
Production Capacity
-8 GWh annual capacity
by end of 2026
Jan '21
Initial discussions
with LPO
11 (1) Represents the maximum guaranteed loan amount
(2) Bloomberg NEF 1H 2023 Energy Storage Market Outlook
Funding
80% recovery on
eligible project costs
Interest Rate
Based on competitive U.S.
Treasury Rates
Dec '21
Phase I Title 17
application submitted
Feb '22
Eos invited to
phase Il application
Project AMAZE supports critical U.S. clean energy objectives
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May '22
Expanding American clean-tech manufacturing capability qualifying
for 45x production tax credit incentives
Developing domestic supply chain which is expected to enable
customers' IRA 10% domestic content credit
Creating U.S. green collar careers
Loan would reimburse 80% of eligible capex and opex costs, as spent
over program life
Closing & funding contingent on meeting certain conditions precedent
expected to occur in Q2 2024
Credit subsidy covered by LPO fund appropriation
-8 GWh represents only 4% of the U.S. cumulative storage capacity
expected by end of 2026²
Eos Submits
phase II Application
Sep ¹22
Eos invited to
formal due diligence
Aug '23
Conditional commitment
approved by LPO
eos.View entire presentation