Eos Energy Enterprises (EOSE) Evercore ISI 3rd Annual Global Clean Energy and Transition Technologies Summit summary

Company mission and technology

• Focused on accelerating clean energy with innovative zinc-based battery storage solutions, targeting long-duration, safe, and flexible energy storage needs.

• Developed over 15 years, the technology evolved from concept to scalable manufacturing, now supporting large-scale, multi-hour energy storage projects.

• Emphasizes U.S.-based supply chain, safety (no fire risk), and operational simplicity, with 91% domestic content.

• Over 3 GWh of technology deployed, with increasing market demand for 6+ hour discharge projects.

Market opportunity and growth strategy

• Total addressable market for long-duration storage projected at $30–$60 billion by 2030, with a $13 billion active order pipeline.

• Strategy centers on capital efficiency: expanding capacity in $50 million, 2 GWh increments as orders grow.

• Production tax credits (PTC) from the IRA provide significant returns, with $90 million/year per 2 GWh line.

• Plans to fund growth through operations, PTC sales, and a DOE loan, aiming for contribution margin positive by year-end and cash flow positive next year.

Manufacturing and cost reduction

• Transitioned from semi-automated to fully automated manufacturing, with the first automated line installed and powered up in Turtle Creek, targeting a 10-second cycle time.

• Four-line, 8 GWh Project AMAZE underway, with clear capital allocation and expansion plans.

• Product cost reduction roadmap targets an 80% decrease over 15–18 months, with 59% achieved by March.

• Cost-out projects focus on supply chain, automation, and increased energy density.