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Eos Energy secures $315m investment from Cerberus for battery storage buildout
Investors - JUNE 25, 2024

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Eos Energy secures $315m investment from Cerberus for battery storage buildout

by Kali Persall

Eos Energy Enterprises, a provider of safe, scalable, efficient and sustainable long-duration energy storage systems, has captured a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management.

The investment will support Eos’ growth plans during a secular shift in global energy markets, as the world faces significant energy growth and demand for safe alternatives to incumbent battery technologies increases. The long-duration energy storage segment, in particular, is expected to more than double by 2030, driven by increased energy demand from data centers and artificial intelligence growth, combined with lower-carbon energy mix targets and supportive government policies.

The partnership leverages both companies’ commitments to advancing domestic manufacturing and innovation, strengthening Eos’ position as a provider of U.S. energy storage solutions.

“Cerberus is ecstatic to be investing in what we believe to be the Unite

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