Eos Energy Storage
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | 4.6m | 17.9m | 16.4m | 71.6m | 339m |
| % growth | - | (56 %) | 2000 % | 290 % | (9 %) | 337 % | 373 % |
| EBITDA | (19.7m) | (39.1m) | (88.6m) | (204m) | (137m) | - | - |
| % EBITDA margin | (3973 %) | (17840 %) | (1928 %) | (1139 %) | (835 %) | - | - |
| Profit | (79.5m) | (68.8m) | (124m) | (230m) | (230m) | - | - |
| % profit margin | (16025 %) | (31395 %) | (2702 %) | (1282 %) | (1401 %) | - | - |
| R&D budget | 11.8m | 14.0m | 19.2m | 18.5m | 18.7m | - | - |
| R&D % of revenue | 2370 % | 6385 % | 417 % | 103 % | 114 % | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | N/A | Seed | |
| N/A | $1.7m | Series A | |
$15.0m | Series B | ||
| N/A | $250k | Grant | |
| N/A | $500k | Grant | |
| N/A | $2.1m | Early VC | |
$23.0m | Series C | ||
| N/A | $22.2m | Late VC | |
| N/A | N/A | IPO | |
$210m | - | ||
* | $200m | Post IPO Equity | |
* | $85.0m | Post IPO Debt | |
* | $13.8m | Post IPO Convertible | |
* | N/A | $8.0m | Post IPO Convertible |
* | $399m | Post IPO Debt | |
* | $316m | Post IPO Debt | |
| Total Funding | €250m | ||
Recent News about Eos Energy Storage
EditEos Energy Storage, founded in 2008, is dedicated to accelerating the shift to clean energy through innovative energy storage solutions. The company specializes in developing and manufacturing aqueous zinc batteries, a breakthrough technology designed to overcome the limitations of conventional lithium-ion batteries. Eos serves a diverse range of clients, including commercial and industrial operations, utility companies, and renewable energy providers. Operating in the clean energy market, Eos focuses on enhancing grid resiliency and reliability, enabling efficient peak shaving and demand management, and supporting intermittent renewable generation such as wind and solar.
Eos's business model revolves around the production and sale of its proprietary zinc battery systems. The company generates revenue by selling these systems to clients who need reliable and efficient energy storage solutions. Eos's batteries are optimized for 3 to 12-hour regular use situations, making them ideal for various applications, including microgrids and large-scale renewable energy projects. By streamlining components and simplifying production, Eos aims to meet the growing demand for clean energy storage while reducing risks and costs.
Keywords: zinc batteries, energy storage, grid reliability, renewable energy, peak shaving, demand management, microgrids, clean energy, commercial and industrial, utility companies.