Project AMAZE — Zinc-bromine battery manufacturing expansion, Turtle Creek, Pennsylvania. Target 8 GWh/year capacity by 2027
First Title 17 battery manufacturing loan closed under Biden administration. Reduced from original $398.6M conditional commitment due to lower costs and Cerberus strategic investment. Supports up to 1,000 jobs.
$304M
Deal Value
Other
Technology
PA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Eos Energy Enterprises
- Buyer / Financier
- DOE Loan Programs Office
- Deal Value
- $303.5M
- Stage
- Under Construction
- ISO/RTO
- PJM
- Source
- Eos Energy Enterprises
Capital Structure
$304M
Total transaction value
Tranches
- DOE Title 17-guaranteed loan — principal · U.S. Department of Energy Loan Programs Office (guarantor)
- $278M
- DOE Title 17-guaranteed loan — capitalized interest · U.S. Department of Energy Loan Programs Office (guarantor)
- $26M
Finance Counterparties
Lenders & Capital Providers
- lender
- DOE LPO (Title 17)
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