Eos Energy Enterprises (EOSE) 27th Annual Needham Growth Conference summary

Financial performance and outlook

• Achieved revised 2024 revenue guidance, with strong Q4 performance and ongoing finalization of results.

• 2025 revenue outlook set at $150M–$190M, representing at least 10x growth over 2024.

• Second half of 2025 expected to see higher volumes due to ramped automation and backlog execution.

• Confident in delivering profitable growth, supported by funding, team, and backlog.

• Orders backlog approaching $600M, with a $14B pipeline of opportunities.

Strategic positioning and technology

• Focused on long-duration energy storage as a critical grid service, not just ancillary.

• Differentiated, simple, and flexible battery system with digital capabilities for customer value.

• Product uses no rare earths, is fully recyclable, non-flammable, and 90% US-sourced.

• Recognized as a Tier 1 supplier by Bloomberg New Energy Finance.

• Manufacturing model enables localized, capital-efficient expansion in the US and abroad.

Capital and funding initiatives

• Secured $210M from Cerberus, with $170M funded and $40M pending performance milestones.

• Closed $303M DOE Title 17 loan, with $68M drawn and 80% reimbursement on eligible costs.

• All production qualifies for 45X tax credits, with active sales of credits to generate capital.

• Capital structure designed to fund CapEx, OpEx, and support positive cash flow.

• Exploring state partnerships and international expansion for future factories.