Record Revenue and Shipment Growth
Eos Energy Enterprises achieved record quarterly revenue of $15.2 million, a 46% increase from Q1, and a 122% increase in shipments. This was the same amount of revenue generated for the full year of 2024, demonstrating scalability of operations.
Positive Legislative Impact
The One Big Beautiful Bill Act preserves the Section 45X production tax credits with full stackability and transferability through 2029, potentially generating over $90 million annually per manufacturing line at full capacity.
Significant Pipeline and Backlog
Eos' commercial pipeline ended Q2 with opportunities valued at $18.8 billion, representing 77 gigawatt hours, a 37% year-over-year increase. The backlog was $672 million, representing 2.6 gigawatt hours of storage.
Technological Advancements
The Z3 product demonstrated a round-trip efficiency of 87% to 89% on sub-4-hour discharge cycles, and a 40% increase in energy output since launch.
Strategic Financial Moves
Eos successfully raised $336 million, lowered cost of capital, simplified the balance sheet, and strengthened cash position, ending with $183 million in total cash.