Eos Energy (EOSE) announced that it has received its second loan advance from the Department of Energy’s Loan Programs Office in the amount of $22.7M. With this advance, the company has fully drawn the maximum allowable amount under the first tranche of $90.9M in connection with the completion of its manufacturing line. The loan advance covers 80% of eligible costs, incurred as part of the company’s production expansion plans related to Project AMAZE.
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