{"id":193170,"date":"2023-09-03T22:00:29","date_gmt":"2023-09-03T22:00:29","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193170"},"modified":"2023-09-03T22:00:29","modified_gmt":"2023-09-03T22:00:29","slug":"eos-energy-soars-on-500-mln-plan-to-increase-production","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/eos-energy-soars-on-500-mln-plan-to-increase-production\/","title":{"rendered":"Eos Energy Soars On $500 Mln Plan To Increase Production"},"content":{"rendered":"
Shares of Eos Energy Enterprises, Inc. (EOSE) are surging more than 34% Friday morning after the company announced a $500 million expansion plan to scale up annual production.<\/p>\n
The expansion plan called Project AMAZE \u2014 American Made Zinc Energy, is designed to increase annual production to 8 GWh storage capacity by 2026.<\/p>\n
The company said that the Department of Energy’s (DOE) Loan Programs Office (LPO) has issued up to $398.6 million conditional commitment for a loan guarantee, which, if the loan is finalized, is expected to fund 80% of the expansion in Pennsylvania.<\/p>\n
EOSE, currently at $4.38, has traded in the range of $0.9550 – $5.6650 in the last 52 weeks. <\/p>\n