Eos Energy Enterprises reported a 445% year-over-year revenue increase and launched a financing platform for energy storage projects.
Eos Energy Enterprises (NASDAQ:EOSE) posted first-quarter revenue of $57 million, a 445% increase from the prior-year period, driven by strong demand for long-duration energy storage solutions. The company’s backlog reached $645 million, reflecting growing project commitments.
Management reaffirmed its 2026 revenue outlook of $300 million to $400 million. The company also introduced Frontier Power USA, a financing platform aimed at improving bankability for storage projects, and secured a 2 GWh capacity reservation agreement tied to the platform.
Operational improvements included a 467% year-over-year increase in cube output, with production at the Thornhill facility expected to begin in June. Eos anticipates positive adjusted gross margin later this year and positive adjusted EBITDA before year-end.