Overview
- Pennsylvania Governor Josh Shapiro and Allegheny County awarded Eos $24 million to support Project AMAZE and build a 423,000-square-foot manufacturing facility expected to create roughly 1,000 jobs.
- The new plant will add production lines to complement Eos’s existing Turtle Creek operation as the company shifts from small-batch to high-efficiency, large-scale manufacturing.
- Eos announced a collaboration with Talen Energy to identify and develop multiple battery storage projects across Talen’s Pennsylvania assets, including potential sites at or near operating and retired plants.
- The company also disclosed a supply agreement with MN8 Energy for up to 750 MWh of Z3 systems to support a portfolio of projects serving large power loads.
- Shares rose 8.59% on Tuesday to close at $16.30 as investors reacted to the expansion plans and new commercial agreements.